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Is Renters Insurance Per Person Or Per Apartment? | Renters insurance is typically coverage for the insured and the insured 's immediate family that resides with the insured only . If other persons reside within the premise that are not immediate family members of the insured ; then they should secure their own coverage to protect themselves properly . Contact a local agent to discuss your coverage needs and wants to get proper pricing . |
Who Bears The Investment Risk In A Variable Annuity? | In Canada , Variable Annuities are called Segregated Funds -LRB- Seg Funds -RRB- or Guaranteed Investment Funds -LRB- GIFs -RRB- . They are similar to Mutual Funds . However , since they are issued by insurance companies , they have different features and benefits . The key features are described in the policy 's information folder . Any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value . The policy owner bears the investment risk . As an insurance product , they do have maturity and death benefit guarantees of 75 % or 100 % . Design and options do vary . An independent insurance broker can help you find a plan that is right for you . If you have additional questions , please do not hesitate to contact me . Additional information is available at www.protectandgrow.ca |
How To Calculate Voluntary Life Insurance? | Please be more specific with your question . Is this for a employer group or for an individual ? Is the employer contributing all or part of premium or is this 100 % employee paid ? The answer varies depending on what needs to be accomplished . Many times the amount is some percentage of salary other times it 's simply a fixed amount chosen based on the income of the employees . |
Who Has The Best Rates For Term Life Insurance? | There is not one company that has the best rates for Term Life Insurance . Some companies are running low right now for those with great health ; others are best if there is a health condition that requires adding on many `` tables '' . Some are best for young people while others have the best rates if you are applying at an older age . Some have a sweet spot of 15 year Term or 30 year Term . It is just impossible to pick out the one with the `` best '' rates due to all those factors . To find the best rate for you , visit a website that offers instant quotes from many companies and try out different term lengths . Then call that agency to make sure that you qualify for the policy shown . |
Who Has The Best Rates For Term Life Insurance? | The best rates for life insurance will depend entirely on you . Your age , health , gender , height and weight will determine your discounts from standard rates . Which company is best ? Lots of them . Some companies are best if you 're 30 or 50 , or female or purchasing 500,000 . The thing for you to consider is working with an independent agent who can show you several companies . |
Who Has The Best Rates For Term Life Insurance? | The company or agency that offers your best rates for Term Life Insurance may be different than the company or agency that has the best rates for someone else . You can go to an online quote engine that offers `` instant life insurance quotes '' to see the companies that have your lowest rates . |
Who Has The Best Rates For Term Life Insurance? | There are a number of factors involved in determining the premium or `` rates '' for a given life insurance policy . In addition to the length of the term , the age , gender , health and tobacco use or not of the insured , as well as the amount of insurance , there are `` riders '' that may be added to the basic policy . In general most of the insurance companies that specialize in Term insurance have rates that are fairly competitive with each other and typically lower than the companies that specialize in permanent insurance . There may be a bigger difference in the rates for various riders or if the health of the insured warrants it , the `` table ratings '' assigned to different health conditions . With all the above considered , In my experience - for a basic term insurance policy the following companies usually come in with the lowest quotes : Protective , Transamerica , Genworth , Banner , Prudential . My advise is to work with an experienced insurance adviser / broker who can help you to determine your actual need for insurance and then implement the right policy for your particular needs . |
Who Has The Best Rates For Term Life Insurance? | It is impossible to know which company has the best rates as everyone has a unique situation , need , age , occupation , health status and life style that determines those rates . I suggest using an independent life insurance broker that can shop multiple companies for your unique situation to find you the best rate for your needs . |
Who Has The Best Rates For Term Life Insurance? | The best term rates are posted online by several life brokerage outlets . But rates online may not tell the whole story because everyone 's individual health and personal activities are different and sometimes even the state you live in determines the best company for term life insurance . There also appears to be a distinctive sub category for short term versus long term life insurance , i.e. some carriers price significantly different at shorter guaranteed periods than longer durations . |
Who Has The Best Rates For Term Life Insurance? | It 'll be different for each person . There 's no one carrier who offers better rates than everyone else . This is because there are many factors that go into the premium calculations for life insurance including their age , gender , amount of coverage they want , how long they want the coverage for -LRB- guaranteed to age 90 , 95 , 100 , 121 , etc. -RRB- , and their risk classification -LRB- determined by the medical history -RRB- . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . I would suggest consulting with an experienced life insurance broker who can work with you on a personal level and help determine what coverage is appropriate/suitable for your needs and budget and which carrier will work best for your program . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any further questions . Thanks very much . |
Who Has The Best Rates For Term Life Insurance? | That is a great question ! While most companies will have fairly similar rates , the `` best '' rate will be determined by what coverage you want , and for how long . You will find that your health issues can make a big difference in rates between companies , so it is always a good idea to have an independent agent -LRB- one not tied to a specific company -RRB- do the footwork for you . I hope that helps , thanks for asking ! |
Who Has The Best Rates For Term Life Insurance? | I would suggest looking at an instant term life insurance site in a couple of ways . Some local agents may provide an instant quote on their website . You can search for `` life insurance quotes '' and see which are offering quotes . Some sites may say quotes but they are a contact form . Some sites are actual quotes and show up immediately . You can call the agent at your convenience if you have questions . Some agent site allow you put in your application right away and get the process started . Another option is Term4Sale.com . It has a online quote then it will show your 3 agents . Look for one with a local phone number and give them a call . If you have a long term health issue , you are better served calling an agent that is independent with multiple carriers and find the best fit for you . |
How To Continue Health Insurance When Changing Employers? | When changing jobs , deciding how to address your health insurance needs in the gap period between employer sponsored health insurance plans is both simpler and more complicated than ever before . The size of the employer group you are leaving will impact on your planning as well . If your employer has less than 20 employees then state continuation of coverage provisions will apply , these vary from state to state but they are usually for shorter periods of time than the Federal COBRA law requires . Employers with 20 + employees are subject to the Federal COBRA guidelines where most employees can continue their coverage for up to 18-months . Your continuation of coverage options to consider now in 2014 are ; 1 -RRB- Continuation of Coverage through Your Existing Employer 's Health Plan - you will need to notify your former employer of your intention to continue your coverage under their group plan within 63-days of your last day of employment . You must make premium payments in full and remit them in a timely manner to your former employer -LRB- or their administrator -RRB- each month to keep your coverage in effect . 2 -RRB- Short Term Medical Insurance - if you are healthy and pre-existing condition issues are not a personal concern and if you are confident that you will be obtaining new employment with benefits in the next several weeks to months then Short Term Major Medical Insurance may be an alternative to consider . Just because you can continue with your former employer 's coverage does not mean you are required to or that you will find it affordable . Short Term Medical plans are often far less expensive than group health insurance plans and in some cases may even offer you more coverage than your employer 's plan . A note of caution : Short Term Medical policies do not meet the minimum coverage requirements under the Affordable Care Act -LRB- ObamaCare -RRB- so a person covered by such a policy may find themselves subject to the individual mandate tax penalty for the period of the year they are insured under such plans . 3 -RRB- Obtain Individual Major Medical Insurance - maybe your prospects for being quickly hired somewhere else are not strong at this time or perhaps you are considering taking a new career path -LRB- e.g - consultant , freelancer , contractor -RRB- , having health insurance independent of your employer may be the best solution . In this event you will want to explore your health insurance plan options both inside and outside of the government health insurance marketplaces and whether you would qualify for any premium tax subsidies . 4 -RRB- Qualification for Medicaid/CHIP , etc. - depending upon your income level and/or other life circumstances you may have to explore your coverage options under various state and/or Federal health benefit plans for you and/or your dependents . 5 -RRB- Go Without Coverage - not my recommendation but it is an option and an option than no small number of people choose each year . Considering the potential financial risk of an uninsured illness or injury this is really only an option of last resort and a person faced with such a situation should pursue their government coverage options if possible . That should pretty well cover all the possible ways to address your coverage needs between jobs . |
How To Continue Health Insurance When Changing Employers? | When you are changing employers , you will be forced off of your group health insurance through your old employer . You will then have several options : 1 -RRB- Go on COBRA - you will be required to pay 102 % of the health insurance premium . Your employer usually paid for a portion of the premium so you will now be paying your portion , your employer 's portion , plus the 2 % overage . Please note , you can only stay on COBRA up to 18 months . 2 -RRB- You will have a qualifying event for a special enrollment period to buy a new individual health insurance policy . Under this scenario , the ACA grants you 2 months from your group coverage termination date to buy an individual plan . 3 -RRB- Join your new employer 's group health insurance plan . Please note , as many employers require a term period of employment before you can go on their group plan , you may want to consider going on COBRA or buying an individual plan -LRB- traditional coverage or a short term health plan -RRB- as an interim measure . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any other questions . Thanks very much . |
Is This A Good Time To Buy An Immediate Annuity? | The best time to purchase an immediate annuity is when you need to establish a lifetime income stream . This is the unique feature of an immediate annuity . You can not live too long because the insurance company continues payments for as long as you live . If you have a sum of money and want to maximize the monthly income , an annuity is usually the best option . |
What Is Whole Or Universal Life Insurance? | Whole life and Universal Life are two types of permanent life insurance . Whole life can be participating or non-participating . Participating can receive dividends , whole life typically has guaranteed premiums and cash values . The `` investment '' is done for you and the policy does not require much if any management other than paying the premium . Universal Life is more flexible than whole life , it is an `` unbundled '' permanent insurance policy . The premium is flexible between a minimum and maximum . You can choose between various cost of insurance options such as yearly renewable term or level . You have a variety of investment options to choose from . In short you get to , and need to make decisions to manage the policy . 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 Whole Or Universal Life Insurance? | Whole Life is designed to last your whole life . Your premiums will cover the the cost of insurance protection until the day you die , or else pay you the money in a lump sum if you do not die by a certain age . Whole Life also has a savings component that allows you to borrow from the cash value , if you desire . Universal Life also has the components of insurance protection -LRB- death benefit -RRB- plus savings -LRB- cash value -RRB- . But UL can be designed in a multitude of ways , and it can be further adjusted while the policy is in existence . E.g. . You might want your Universal Life policy to have a large face amount when your children are in the home , but then reduce the face amount to simply pay for final expenses when you are older . You have the flexibility to do that with Universal Life . Not only that , but when you reduce the face amount , you might be able to also reduce or quit paying premiums . Or you can keep paying the same premium and cause your policy to build up extra cash value . A word of caution when buying Universal Life . It is called permanent life insurance , but it is not guaranteed to be permanent unless you choose a UL policy that states that guarantee . Thankfully , there are guaranteed no lapse UL policies on the market ; even those where you can `` dial '' the guarantee to make the policy last to whatever age you choose . As with Whole Life , if you borrow from the policy , you must pay the money back with interest to ensure that your death benefit will be paid per the terms of the contract . |
What Is Whole Or Universal Life Insurance? | These are permanent forms of life insurance , as opposed to term life insurance , which is temporary , and whose premiums change after a fixed number of years . With Whole and also with Universal , you are building equity , from which you may borrow tax free . With Whole , you have the commitment of the carrier that they will invest your funds and you will appreciate value , never losing . With Universal , you have the ability to appreciate income and tie some or all of it to various markets . With Index Universal , you are guaranteed a minimum , and a maximum , so regardless of the market going up or down , you will not lose and can make quite a bit more than with Whole life . Your call . Thank you . GARY LANE . |
What Is Whole Or Universal Life Insurance? | Whole life and universal life are the dominant permanent insurance plans . The whole life plan provides a level death benefit for life in exchange for a level premium deposit . The universal life removes the guarantees and provides flexibility in premium payment and even death benefit . The key issue is that the design for both plans is to pay a death benefit . In order to do this they must accumulate cash that is more than necessary to pay immediate death claims . This is because in the future , death claims will far exceed the premiums . |
Who Is Covered By Disability Insurance? | Social Security covers disability events for most Americans . Some employer sponsored group plans include short term or even long term disability insurance . You can purchase individual disability insurance for yourself online via several brokerage outlets . Some employers pay for disability insurance for their key employees as a retention benefit and as a recruiting incentive . |
What Information Do I Need To Get Car Insurance? | To get car insurance you would need at minimum you would need the vehicle identification numbers of all vehicles that you are getting coverage for , the drivers license numbers of all personsto be covered , the dates of birth of all persons to be covered , address of persons to be covered , garaging address of vehicles , and other personal information of parties to be covered along with required payment by carrier . |
How Much Will Renters Insurance Cost? | The most expensive renters policy is the one that was never purchased . The cheapest renters policy is one that covers your entire claim . Whether it is liability or loss of property , inadequate or non-existing renters coverage is the most expensive . Consult with a knowledgeable agent and carefully weigh the risks . Regardless of what you pay in premiums , a well-designed plan will be the cheapest in the long run , particularly if there is a large claim . |
How Much Will Renters Insurance Cost? | That is a great question ! A lot of the answer will depend upon where you live , and how much that you want to insure . A policy in a high crime area will obviously cost more than one in a safer area , and a smaller coverage amount a lot less than a higher one . That said , the typical policy averages at just less than $ 20 per month , but to be completely fair , I have no idea of where that number was derived from in the statistical study , so it may be a little more or less , where you live . But it should give you a budgeting point . I hope that helps , thanks for asking ! |
Can You Sell A Term Life Insurance Policy? | Term life insurance does not have any cash value , so is usually not the type of insurance that people can sell in a life settlement . If the insured person is in very poor health or very advanced age , and there are many years left on the policy , it may be possible to sell it . |
Can You Sell A Term Life Insurance Policy? | A term life insurance policy would not have much value but it could be sold . I am not sure where to go in order to market your insurance policy but I suppose someone might be interested in buying it . Purchasing an existing life insurance policy is like placing a bet and hoping that a tragic event takes place before the policy expires . |
How Much Is Car Insurance Through USAA? | The rates that they have are VERY competitive . In Montana it is VERY rare that anyone can get a lower rate then USAA . They have some fantastic rates and excellent coverage 's . Many of times I have sent away clients telling them that If they are with USAA then they should stay with them . I have never heard anything bad about them at all . I will say the renters and homes are a tad high in our area but the autos are fantastic . Even If I do not write with them I have sent many clients to them . |
Who Is Monumental Life Insurance Company? | Monumental Life Insurance Company is a sizable 31 billion asset life insurance carrier with ratings from the following rating services : A.M. Best Company -LRB- Best 's Rating , 15 ratings -RRB- A + -LRB- 2 -RRB- , Standard & Poor 's -LRB- Financial Strength , 20 ratings -RRB- AA - -LRB- 4 -RRB- , Moody 's -LRB- Financial Strength , 21 ratings -RRB- A1 -LRB- 5 -RRB- , Fitch Ratings -LRB- Financial Strength , 21 ratings -RRB- AA - -LRB- 4 -RRB- , Comdex Ranking -LRB- Percentile in Rated Companies -RRB- 93 as of July 3 , 2013 . |
Can Police Tell If You Have Car Insurance? | Based on my education and experience in the industry up to this point -LRB- at least in Wisconsin -RRB- ; the police do not have any way currently to verify if you have insurance or not except for asking for your POI when you are pulled over . I have heard that other states require a licensed driver to show proof of insurance before renewing their license or registering a vehicle which may allow the police in those states to verify the presence of insurance coverage . |
Is Critical Illness Insurance A Waste Of Money? | If you have family health history that includes chronic illness or a genetic disposition to disease , then critical illness insurance is a good defensive posture for future medical bills . When youre young and generally healthy , the premiums are relatively inexpensive . Critical illness can also be a supplement to high deductible medical insurance . |
Is Critical Illness Insurance A Waste Of Money? | I had a client in his 40 's who had a Sroke . He was unable to work . He had health insurance at work which payed some of the Medical but he still had deductibles and copay 's that mounted into the thousands of dollars . He needed additional help while his wife worked to try to make up for the lost income . He nearly lost his home while he was waiting to get Social Security Disability . Do you think an additional $ 10,000 or $ 20 , 000 would have help him ? Some critical illness policies have a return of premium option . There is nothing to lose and everthing to gain with a Critical Illness policy and they are not real expensive . Yes , I think they are worth it ! |
Is Critical Illness Insurance A Waste Of Money? | If you purchase Critical Illness Insurance and then never suffer a life threatening illness of the type that would cause a benefit to be paid by the policy , you probably would look at the policy as a waste of money -LRB- unless it was such a comfort to you to know those funds were there , that it was worth the premium for that peace of mind -RRB- . If you did collect on the policy , you would not feel it was a waste of money . It is very hard to answer that without knowing the future . But that is the nature of all insurance . It is protection against the unknown and the `` what if 's '' of life . |
How Soon After Buying A Car Does It Need To Be Insured? | Typically , on most car insurance policies , you have up to 30 days of coverage when you purchase a vehicle and it is replacing another vehicle . The coverage matches the coverage you had on the previous car . For example , if you had $ 50,000 per person of bodily injury and $ 100,000 per accident , along with $ 250 deductibles , the new vehicle would also have those limits . Each policy may be different so do n't assume you have 30 , 10 , or even 5 days of coverage . Contact your agent when you are considering buying a vehicle and he/she can review the estimated rate along with the length of time you have to add the car to the policy . If you are purchasing a new vehicle , and your existing coverage is `` liability only , '' it 's critical to add the car to your policy before it is driven . Also , be aware of the date you will be charged for the new car coverage . It may not be as `` free '' as you believe , if the vehicle is added effective the day of purchase , and not the day of reporting ! IMPORTANT : Answer was provided by Edward Harris , one of the premier auto insurance authorities in the US . His website , Carinsurancezoom.org , provided free online quotes and the lowest car insurance rates from top-rated companies in your area . |
How Soon After Buying A Car Does It Need To Be Insured? | Great question ! I always recommend doing it right away , especially if you have a loan on the vehicle . Most companies will give you 30 days to add the new vehicle to your auto policy however . If there was a claim filed within those 30 days , it might be a longer process due to not having the vehicle listed on your policy , but it would be covered regardless . Hope this helps ! |
How Soon After Buying A Car Does It Need To Be Insured? | All personal automobile policies offer some automatic coverage when purchasing a vehicle . This coverage varies from policy to policy and also varies from state to state . One thing that you should be aware of is the limitation on this coverage . All personal automobile policies specifically state that to have automatic coverage on newly acquired vehicles , all vehicles owned by you must be insured with the same company . Basically , if you have a policy with X company and another with Y company , this completely eliminates automatic coverage of a newly acquired vehicles . In this situation you would have to have an agent with the company desired to provide the coverage bind the coverage for you . It just would n't happen automatically . |
How Soon After Buying A Car Does It Need To Be Insured? | Safest bet is right away . Although you have a window from the state as to when your coverage can begin there is no window if your car is involved in an accident . Whenever you plan to drive a car you should have it insured . This protects both you and the other motorists . |
How Soon After Buying A Car Does It Need To Be Insured? | Your state probably requires that you have auto insurance before you drive out the dealers driveway . Your current policy may well provide coverage for a specified period of time -LRB- usually 30 days . -RRB- Many consider that free coverage . That is not the case as the policy on the newly acquired car will revert back to the date of purchase . The best idea is to provide the dealer with evidence of current coverage and then call your insurance agent with all the details including the VIN , the date of purchase , the price of the car and any coverage changes that are necessary . That way you are covered and that is really the issue . |
How Soon After Buying A Car Does It Need To Be Insured? | Since the rules on this can change from one state to another , check with a local agent on the rules . In Florida , if you 're buying a car with finance you have to give proof of insurance to take the vehicle off of the lot at purchase . If your car purchase is replacing one vehicle for another , a quick call to your agent prior to finalizing the deal is all that 's needed . If the car is an additional car -LRB- and additional policy -RRB- a new policy will need to be written . This can often still be done with a quick call to your agent , but plan for the expense of starting a new policy . |
How Soon After Buying A Car Does It Need To Be Insured? | In most if not all states , auto insurance is required in order to register a car for use on public access roads and highways . So the short answer to your question is right away because you will need to provide an insurance ID card and binder -LRB- if there is financing involved -RRB- to your dealership so that they can complete the transaction and register your car . Be sure to keep your INsurance Professional in the loop when you are shopping for a new car . That is the best way to make sure you have the insurance protection and documentation that you need , at the time you need it . |
Is Disability Insurance Required By Law? | Not generally . There are five states that require most all employers carry short term disability insurance on their employees . These states are : California , Hawaii , New Jersey , New York , and Rhode Island . Besides this mandatory short term disability law , there is no other legislative imperative for someone to purchase or be covered by disability insurance . |
Can I Get Life Insurance If I Have Hep C? | There are a large number of refugees who have entered our country in the last few years who have Hepatitis C . Some have had this disease for thirty or more years . I have seen some of these people have standard rate life insurance policies issued . For many the Hep C is just a low level irritant with little or no effect on longevity . |
Can I Get Life Insurance If I Have Hep C? | That is a great question ! Hepatitis C will not prevent someone from being able to find a life insurance policy . While it may keep them from getting the cheapest , highest benefit policies , there are certainly enough policies out there with adequate coverage that will be available . I would advise that you contact an independent agent who can help you find the best policy for you . Thanks for asking ! |
Can I Get Life Insurance If I Have Hep C? | Most people with Hep C can get life insurance . If you have normal liver function lab results and have had a biopsy that shows no liver damage , you will have the lowest rates . If you have cirrhosis or fibrosis , have abnormal liver labs , and/or have a history of failed treatment , you may need to use a simplified or guaranteed issue policy . Regardless , there is usually life insurance out there for those with Hepatitis C if you know where to look . Contact an agency that specializes in life insurance for people with Hep C to get your best rate . |
Do I Need A Medigap Plan? | I ca n't say that anyone really `` needs '' a Medigap plan but it is a good idea . Original Medicare only covers about 80 % of your hospital and outpatient charges . Seniors with a healthy bank account may not need or desire to purchase a Medigap -LRB- supplement -RRB- plan . While you may be healthy now , your health can change at any time . If you are hospitalized 3 times during a calendar year for unrelated medical conditions you will have to pay a deductible of $ 1184 -LRB- 2013 Medicare Part A deductible -RRB- for each admission . Medicare Part B outpatient charges can become expensive as well . After you have paid the calendar year Part B deductible of $ 147 -LRB- for 2013 -RRB- you are responsible for 20 % of the remaining charges not paid by Medicare . An $ 800 CAT scan can leave you owing several hundred dollars . Your 20 % share of Part B expenses has no upper cap . Medicare supplement plan F covers 100 % of approved Medicare Part A and Part B charges . Do you `` need '' a Medigap plan ? Only you can decide , buy for most it is a wise choice . |
Do I Need A Medigap Plan? | A Medigap plan would be needed if it is affordable to you and if it is appropriate for your medical insurance needs . Not everyone needs or even wants one . You are not required to have one . Are your medical out of pocket expenses prohibitive ? A Medigap plan would fill in some of the gaps of your Medicare plan 's deductibles , co-payments and benefit periods . If you decide you need a Medigap plan you will not have to shop around for the differences in the plans . All Medigap plans are the standardized . By that I mean , if you compare Plan K with insurance company `` A '' it will be exactly the same as Plan K with insurance company `` B '' The only difference then would be the cost of the plan . If it fits within your budget I believe it is a good idea to have a Medigap policy . |
Who Should Not Purchase Long Term Care Insurance? | Long term care insurance is a necessary part of retirement planning for nearly everyone . If your family has a predisposition for short life expectancy before retirement age , then long term care insurance may not be a priority . If you have liquid assets that can be set aside to the tune of $ 500,000 for assisted living and/or nursing home care , then long term care insurance may not be a consideration . |
Is There A Waiting Period For Renters Insurance? | There isnt a waiting period for a renters policy from most insurance companies . When the agent writes the policy and submits it to the company there is a period of time in which the company may decide to not accept the risk . If that happens they will notify the customer and give them a future date at which time the coverage will cease , but coverage remains in force from the inception date until the date of cancellation . |
Is There A Waiting Period For Renters Insurance? | Typically , there is not a waiting period for renter 's insurance . Rates tend to be very inexpensive and often you can request an effective date for the day of application or shortly thereafter . A renter 's policy will cover your personal contents along with many other items . Liability and medical pay -LRB- to others -RRB- is included . |
What Is Revocable Life Insurance? | All life insurance is revocable . The word revocable simply means that you have the option to cancel your policy , if you desire . If the policy is owned by an irrevocable life insurance trust , then the trustee would have to make the decision to cancel the policy or change beneficiaries . |
Does Safe Auto Offer Full Coverage Insurance? | SafeAuto does indeed offer full coverage and just liability protection . Of course , options will vary depending on the state you reside and the type of policy that is available in that state . Typically , their rates are competitive , compared to other major carriers such as Esurance , Nationwide , State Farm , Allstate , Farmers and many others . |
How Much Is Renters Insurance On Average? | Renters insurance rates can vay greatly from carrier to carrier and location to location . Based on my experience thus far in the industry and within my geographic location . I would say a rough estimate of the cost of renters insurance within my area would be approximately ten to twenty dollars per month . |
How Much Is Renters Insurance On Average? | The renters insurance coverage is rated based upon : 1 . Geographic Area : two identical policies with same limits will be charged at a different rate in Portland , OR and Seattle , WA . 2 . Personal property replacement cost -LRB- or ACV - actual cash value -RRB- 3 . Personal liability limit 4 . Loss of use limit You can get an instant quote and compare renters insurance proposals on WEBSITELINK |
How To Compare Homeowners Insurance Rates? | Comparing rates for homeowners insurance coverage is fairly easy if all you are looking at is price . The easiest way would be to contact two or three local agents in your area and request a quote . Price is only a small portion of the insurance equation . The most important thing is to have a local agent that you are comfortable working with and that can help point out the coverages that you truly need not the standard cooker cutter coverages . |
What States Require Short Term Disability Insurance? | The states that require short term disability insurance are California , Hawaii , New Jersey , New York , and Rhode Island , as well as Puerto Rico . Most of these states require employers to provide short term disability insurance benefits to their employees . California also offers its own state disability disability insurance plan . |
Is Short Term Disability Insurance Needed? | Short Term Disability Insurance is intended to cover people if they have minor health conditions , injuries , or pregnancies that cause them to be off work for a few months -LRB- up to a maximum of 2 years -RRB- . If you have enough savings to cover you if you are off work for approx 6 months , you may not need to purchase Short Term Disability . |
How Does Employment Status Affect Car Insurance? | Although many auto insurance companies do ask for employment status and possibly basic info , it does not have any impact on your rate . Employment status questions are asked as a way to screen drivers from buying the wrong kind of auto insurance . For example : if you are a delivery driver , companies want to make sure that you understand that there is no coverage on a personal auto policy while making deliveries -LRB- you need commercial auto insurance for that -RRB- . |
Why Is It Important To Have Life Insurance? | Life insurance provides a solution to a number of problems . First i provides peace of mind in knowing that your loved ones are cared for in the event of your death . The loss of someone you love not only presents a financial burden , but also an extreme emotional burden Life insurance helps reduce both . It provides money to not only pay the final expenses , but it can also pay off the mortgage insuring that your loved ones can stay in their home , help pay for their child 's education , and help provide an income for your family . Life insurance can also provide protection in a business partnership and other applications . It is also a great estate planning tool . The reasons for life insurance are multiple . |
How Long Does It Take For Life Insurance To Be Paid Out? | Here is where the rubber meets the road . A high quality life insurer will handle the vast majority of claims within a 7 day period . Submit all the information needed and a check should be presented by the end of a week . If there are any questions , or any delays in giving the information to the insurance company , expect a few days more . Ultimately , your choice in picking insurance companies is a direct reflection on how long your family will have to wait to see their money -LRB- if ever -RRB- . Thank you . GARY LANE . |
How Long Does It Take For Life Insurance To Be Paid Out? | State life insurance commissioners monitor companies to ensure that life insurance proceeds are paid out in a timely manner . The beneficiary should receive the life insurance death benefit within two months of submitting the completed death claim and the insured person 's official death certificate to the life insurance company . |
How Long Does It Take For Life Insurance To Be Paid Out? | When an insured dies , the beneficiary making the claim on the policy will need to send in a completed claim form and a copy of the death certificate -LRB- some carriers may have an additional form - varies by carrier -RRB- . Once these items are received by the carrier , they will pay out the claim to the beneficiary . So , in short , it just depends on how long it takes the beneficiary to make the claim and send in the necessary paperwork . From there , I would expect it to take the carrier a couple of weeks for them to process everything and send the proceeds to the beneficiary . |
How Long Does It Take For Life Insurance To Be Paid Out? | It really depends on the customer service level and procedures of the your particular life insurance company . Regardless it is fairly quick . All carriers will require a certified copy of the death certificate and usually a short form , one or two pages , with some details . Most all life insurance companies will pay their death claims in a very timely manner once this documentation is in place . |
What You Should Know About Long Term Care Insurance? | Consumers should become as knowledgeable as the can be about the risk of taking too long to die . For starters , find out what the costs for care are in the area in which you intend to retire and/or spend the latter part of your life . Call local care facilities and home care services and request a listing of costs for each facility and level of care . You can also get an idea of not only today 's estimated costs but what those costs might be in the future by going to this website : WEBSITELINK . Click on the state you want , then use the down arrow on the left side of the page to find the locale within that state that corresponds to your latter-years living area . Then , click on `` Future Costs '' to see how much the same care might cost when you need it , years from now . Understand that no long-term care insurance policy can possibly guarantee that it will pay all of your health care costs after the point that you ca n't take care of yourself any longer regardless of how high a premium you pay . Consult with an experienced insurance agent that specializes in long-term care . It is a specialty . Most agents that are licensed to sell it do n't know very much at all about it . If it happens to you , statistics are useless . But , here are a few that you should know when assessing if you want to buy insurance and how much of it would be worth the outlay in premium : - The average claim lasts about 24-26 months -LRB- i.e. the insured dies -RRB- - Of those that go beyond that period of time , over 90 % of claims are settled within five years . - To date , I believe that the record for a single claim is just over $ 1.4 MM . - Take projections of future cost with a grain of salt because it is not known what new medical technologies will come along , nor is it known what new care strategies might be available 20-40 years out . If you can afford the premiums on a $ 300/day , 2-year pool of money -LRB- it could last longer than that -RRB- with no inflation rider on the policy today , you can probably afford some type of long-term care policy . If not , it is a waste of money to buy any insurance policy that you ca n't afford now and know you wo n't be able to afford it in the future . |
Does Allstate Renters Insurance Cover Flood? | I used to be an Allstate agent , but it does n't matter where you purchase your Renter 's policy . Flood is exluded on the policy . Butif you have water damage from a pipe breaking or the toilet over flowing , those type of water damages would be covered.If you areworried about flood , you can buy flood insurance even if you dont ' liive in a flood zone and even if you rent . |
Does Allstate Renters Insurance Cover Flood? | Flood insurance is handled through the Federal government only and sold through insurance carriers . Renters insurance as well as homeowners insurance does not cover flood damage of any kind . You must purchase flood insurance as a seperate policy . Contact a local agent to find out availabity for this coverage within your area . |
When Was SBI Life Insurance Started? | SBLI Life Insurance started in 1907 . Boston lawyer Louis D. Brandeis helped pass Chapter 561 of the Acts of 1907 , an act that allowed Savings Banks to sell life insurance in Massachusetts . The Whitman Savings Bank took up the charge by establishing the Savings Bank Life Insurance Department and SBLI was started . |
What Does Accidental Death Life Insurance Cover? | Accidental death life insurance only covers death due to accident , such as car accident , falls , drowning , etc. . Life insurance , on the other hand , covers death due to accident or any other cause . Far more people die from natural causes -LRB- illness , complications of medical treatment , etc -RRB- than accident . Therefore , accidental death coverage costs less than life insurance because it pays out far less often than life insurance does . |
What Does Accidental Death Life Insurance Cover? | If you have an accident policy you should read through it carefully . It is very common for accident policies to have a lot of conditions and exclusions . For example it may state that you must die within 90 days of the accident itself in order for the death benefit to be paid . Other common exclusions are for death while committing a crime , death while intoxicated or under the influence of drugs . While we often like to think that we will die of accidental causes -LRB- especially young people -RRB- , that is simply not the case . As Peggy mentioned above , accidental death policies have much lower premiums than life insurance policies because there is a very small risk of death by accident . One final consideration is if the financial impact to your family will be different depending on the cause of your death . Will your family need more money if you die in a car accident versus having a heart attack ? If anything , death by natural causes may bring more financial burden if it is preceded by a lengthy illness . You can use an accident policy as a supplement to your life insurance , but never as a replacement . |
How Much Is Home Insurance? | Home insurance is tailored for a specific residence . If your home is identical to another in the neighborhood , you might get a good indication of the price of homeowners insurance by talking to the property owner . The premium for a homeowners policy is based on the location of the property , the cost to rebuild the residence , the value of the contents , the age and condition of the property . There are other underwriting considerations . |
Will Car Insurance Cover Slashed Tires? | It may . If you have other than collision -LRB- comprehensive -RRB- coverage on your auto insurance policy then your policy may provide coverage for your slashed tires less the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . |
Why Get Whole Life Insurance? | Why get whole life insurance ? I ca n't give you a reason why you should , only why I did . I wanted a locked in price the day I bought it , till the day I died . I wanted something to work both if I died too early or lived too long . I wanted something I owned , that could not be taken away later on . I wanted to control the policy , not the insurance company . I wanted to take away an insurance company 's ability to say no to me . I wanted a safe place to put money to let it grow , to cover for my other investment choices . I wanted a place to access cash if needed , where I did n't have to explain to a guy in a cubicle `` why ? '' and get his blessing . If any of these reasons work for you , by all means consider the choice . |
Why Get Whole Life Insurance? | Whole Life Insurance offers features that many other types of life insurance do not . Not all of these are part of every Whole Life policy , but some of these features are : > Coverage that will last a lifetime . > Cash value accumulation that can be accessed for personal use by tax free loans . > Dividends . > The ability to pay up your entire premiums in a limited number of years . > The ability to quit paying premiums and still have a policy of some value . |
Why Get Whole Life Insurance? | Whole Life Insurance is the oldest type of insurance within the family of life insurance . Whole Life Insurance is full of guarantees which other policies do mot have . These guarantees include the death benefit , the premium you pay for coverage and the cash value in any given year . Other popular features include dividends which can be paid to you or back into the policy , paid up insurance , additional life insurance by adding inexpensive term riders . And more depending on the company . Company specific additions may include a critical illness rider , disability protection for accident only or accident and health . |
What Does Home Insurance Cover In A Flood? | NOTHING ! So good question . Flood is outside ground water entering your home through windows and doors , NOT seepage thru cracks or failure of the sump pump . Flood damage is covered only with a flood insurance policy and coverage for flood damage to any area of the home is very limited . Seepage is not going to be covered at all . And coverage for water damage due to sump pump failure is not typically an automatic coverage on homeowners insurance but usually an available option . Talk to you insurance professional , he/she can help . |
What Does Home Insurance Cover In A Flood? | A homeowners policy doesnt cover any loss for property inside a structure that is caused by dust , rain , sand , sleet , snow or water which enter the house through an opening not made by the direct force of the wind or hail . That means that you really need a flood policy . 25 % of property losses in the USA are the result of flood . The problem is so great that insurance is underwritten by the Federal Government . Agents generally , have access to flood coverage for your home and many companies will discount your homeowners policy if you have a valid flood policy . |
How To Pick Long Term Care Insurance? | The policy provisions and their definitions are extremely important and need to be defined to the satisfaction of the potential policy owner before the policy is purchased . The options for long term care insurance are limited and a few niche companies for special scenarios . But the overall pick based on policy perks and long standing history in the LTCi market is Genworth . |
Is Selling Life Insurance Lucrative? | Selling life insurance is a performance based position . Since it is based on commission there is no upper limit on what you earn . You provide insurance based financial solutions to : living too long , dying too soon or getting disabled . In other words the more people you help , the more you earn . The good news is your are in charge of your own destiny , the bad news is , you are in charge of your own destiny . I know life insurance brokers who earn $ 25,000 a year and others that earn a million or more . If you are considering life insurance sales as a career , ask agents/brokers in your locale for their opinion . If ypu have further questions , or if I can be of assistance , please do not hesitate to contact me . |
Is Wet Rot Covered By Home Insurance? | In general , no , home insurance will not cover wet rot . A homeowners policy is there to protect you from the sudden and accidental , not the ongoing . To file a claim , you have to be able to pinpoint what happened and when it happened . Wet rot describes a long time , ongoing circumstance . Your homeowners policy is designed to make you whole after an `` occurrence '' . It 's not designed to maintain your home . If you have a condition that could , potentially , damage your home , it 's the homeowners responsibility to correct that condition to protect your home from future damage . This brings up the question of the cost of your homeowners insurance . Every claim impacts the loss ratio of your company and , ultimately , your rates . Want to control the cost of your homeowners insurance ? Take a higher deductible and pay for the smaller things yourself . You 'll save money in the long run . |
Can A Home Insurance Company Drop You? | Any Home or Auto insurance company can drop you . Home insurance is not guaranteed renewable . The company has a right to drop you or raise your premium at each renewal . This can be done because of claims experience , deterioration and maintenance of your home , or in some cases a company will pull out of an area or state completely . This happened in Florida because of the frequency of hurricanes . |
Can A Home Insurance Company Drop You? | An insurance carrier may decide to cancel or non-renew a client if the client no longer meets the carriers standard for providing coverage . A client could also be dropped or non-renewed by a carrier if the coverage provided was approved under false information or fraudulant acts . If you receive a letter of cancellation or non-renewal from your current carrier you should contact your local agent to either contest be dropped or non-renewed or they may be able to help you secure coverage else where . |
Can A Home Insurance Company Drop You? | A insurance company will look at any insured or potential insured and weigh the risk involved . After the riskassessmenta company can make an offer for insurance . Should the risk change significantly a company can chose to eitherincreasethe premium associated with the risk or chose to no longer carry the risk . Keep in mind when a insurance company is renewing you it is an offer of renewal . |
Why Is Medicare Taken Out Of My Check? | The Medicare system is funded through current budgetary dollars , the social security system is structured in the same way . All individuals age 65 and over along with anyone who is permanently disabled automatically qualify for medicare . The `` premiums '' are deducted from workers wages in part because of the assumption that contributing a small percentage from ones paycheck is far less of a unreasonable financial burden then paying a larger percentage over a shorter period of time from ages 65 to death after becoming permanently disabled . |
Can Unmarried Couples Share Car Insurance? | Depends on the carrier . Some companies recognize domestic partnerships while others do not . Often this depends upon how their rates are filed with the Insurance Department in the specific State . Often , there are significant savings when you find a company that allows domestic partners on the same policy . You typically get `` married '' rates and potentially multiple vehicle discounts . |
Can Unmarried Couples Share Car Insurance? | Some companies , but not all will allow more than one person in the household that is not a direct relative or spouse of the insured to be on the same policy as long as all parties share the same residence . Contact a local agent within your area to find out what is available . |
Does Medicare Cover Veneers? | Veneers are thin , custom made covers for teeth that improve the look of the teeth and smile . Since Medicare does not cover services or supplies for the purpose of cosmetics , it does not cover veneers . This has held up even when the veneers were applied in conjunction with medically necessary surgery for the jaw . |
Can You Add Money To A Fixed Annuity? | That is a great question ! The answer is that it depends upon your specific annuity . Mine allows me to add within the first year . Yours may allow it , or may not . There also may be adjustments to payment periods or charges , so be sure to ask your agent when you contact them to find out about your contract terms . Good luck , and thanks for asking ! |
Why Is Disability Insurance Important To Have? | Disability insurance is very important to have because it 's paycheck protection . After life insurance , disability insurance is the most critical coverage . Most American workers have 90 days in cash reserves , so spending between 3 and 5 % of your compensation to protect it can pay off with the odds of you being disabled once in your working life . |
Why Is Disability Insurance Important To Have? | Disability Insurance is what pays your bills if you are unable to work . When you buy Long Term Disability Insurance , you pick an elimination period that can be from a month or up to a year , with the most common elimination period being 3 months . When you are determined unable to work due to illness or injury , your elimination period starts counting down . When that time is up , your Disability Insurance starts paying you cash . By that time , most people have had to dip into savings and/or make other adjustments to their lifestyles , just to get by . Having Disability Insurance to pay them a large percentage of their paychecks is important for financial , emotional , and possibly even physical reasons . |
Why Is Disability Insurance Important To Have? | Disability Insurance can pay you a monthly benefit should you ever become sick or disabled . It 's commonly thought that you do n't need disability insurance if your job does n't put you at risk , but people fail to realize that 90 percent of disabilities are caused by illnesses , not by accidents . Whether you break your leg skiing , get cancer or havea mental nervous problem , disability insurance can protect your income when you 're unable to work . |
Where Should I Buy Life Insurance In New York? | To buy life insurance in New York , you can go to a website that offers it , look through your Yellow Pages and call an agency , or ask friends , relatives or co-workers for a referral . When purchasing online , you can use the quote engines and put in New York to see if they offer policies there . New York has its own companies so not every agency does business there . |
Where Should I Buy Life Insurance In New York? | New York state is highly regulated . Go online and visit trusted life insurance related websites/blogs to do your research . You can easily shop and compare life insurance rates from many top life insurance carriers , without exchanging personal information . Work with an independent life insurance broker to find the best available rates in New York . |
Where Should I Buy Life Insurance In New York? | Hello , In order to buy Life Insurance in New York State you must consult with an honest agent and fair agent that explains to you about the policy and how you benefit from the policy . There are different forms of Life Insurance which are Whole Life , Universal Life and Term Life . There are also some other types of Life insurance depending on your needs . The best way to buy is from a secure company with a high financial rating . Also look for lowest rates and other riders that can be added in order with alow rates . Other products from Life Insurance Companies will be Critical Illness Insurance which is Cancer , Stroke , Accident , andHeart Attack . It is always best to arrange an appointment with an agent in order to get more information on products and benefits and how they can benefit you and your family . Independent Agents as myself are known to offer a wider range of products and services and lower rates because we deal with a larger base of carriers , therefore , giving you the benefit of choosing the best product for you at the best , and lowest rates . As an Independent Agent , Iworkwith the bestcarriers with strong financial ratings and with a complete heritage that goes way back . |
Where Should I Buy Life Insurance In New York? | The state of New York is one of the most highly regulated states in the country . Residents of New York general pay more for coverage . It 's critical in securing the best possible price tag by going online to a brokerage firm that has an extension inventory of New York approved careers to secure the best deal . |
Is My Driveway Covered By Homeowners Insurance? | If the driveway is simply cracking , bulging , sinking , being lifted by roots or just plain old wear then this would not be a covered peril . Depending on your homeowners policy you may have other structure coverage if the driveway is destroyed by fire and possible freezing . I recommend you call your agent to further discuss . |
How To Get The Best Deal On Auto Insurance? | Auto insurance rates vary per state and per company because they all have their own underwriting guidelines and rules . However , if you want to make sure that you are getting the best rate you need to NEVER have a lapse in coverage , keep your credit score up , have zero tickets , zero accidents , and always carry $ 100,000 / $ 300,000 or higher liability limits . |
Can You Get Health Insurance As A Real Estate Agent? | My sick sense of humor almost tempts me to say `` No , real estate agents are specifically excluded from getting health insurance by law '' but I wo n't do that . Yes , you can get health insurance . What you do for a living has no bearing on your eligibility for health insurance , especially now that ObamaCare is in full effect regarding guaranteed issuance of policies . In my experience , most real estate agents are self-employed/1099 contractor status people and not W2 employees of an agency . So , this probably means that you will need to get individual health insurance either through your state 's government health insurance marketplace or outside of it . So , just like you would tell those `` For Sale By Owner '' folks , you need to seek out an experienced health insurance agent who can assist you in obtaining coverage . If you have been without health insurance for more than 60-days and have n't had what is called a `` change of life status event '' -LRB- marriage , divorce , childbirth/adoption , loss of other coverage -RRB- then you are in a time frame where you would be ineligible for enrollment in true major medical insurance until the next annual open enrollment period begins on November 15th , 2014 and the earliest your coverage could go into effect would be for January 1st , 2015 . I hate to be the one to deliver this news but that is how ObamaCare works . Your only coverage option to carry you through until then would be to take out a Short Term Medical insurance plan . There are a variety of short term medical plan options available . However , you need to be aware that short term medical plans do still use limited underwriting questions , can decline a person for coverage and they do not cover pre-existing conditions . Please feel free to contact me if you need advice or assistance in this matter . |
Does Renters Insurance Cover Travel? | Most renters policies provide coverage for personal property away from the residence . The amount of coverage is usually a percentage -LRB- 10 % being common -RRB- of the personal property limit . There are additional coverages that can be added for high value items , such as jewelry . That coverage extends to the full value of the identified property , all the time , anywhere and without a deductible . |
Is Group Life Insurance An Erisa Plan? | That is a great question ! To be an ERISA plan , the group policy has to be paid for by the company and the employees - not an insurance company . It is A Federally regulated plan , so there has to be a defined plan in place that specifically states what is covered , and what you pay . This type of plan is not very popular these days , as the employers cost is becoming increasingly expensive , and as employees age and file more claims , more and more unprofitable , and in many cases , underfunded as the amounts determined by employers back in the day were n't enough to keep up with the rising costs of health care . As a result , most plans offered by employers are not this type of plan . If you would like more specific information , please feel free to contact me , I 'm happy to help . Thanks for asking ! |
Why Is Kit Car Insurance Cheap? | The rates for different types of insurance are typically based on the perceived and experienced risks within each category of insurance coverage . Kit cars are typically vehicles of relatively low cost and limit to exclusive use by many of their owners . They are typically not an everyday usage item . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . |
Why Are Annuities A Good Investment? | Non-qualified tax deferred and immediate annuities can be part of an income strategy for suitable savers or investors . The tax deferral features of annuities are particularly attractive for high tax bracket Americans who have mid to long term financial goals . Immediate annuities can provide tax advantage strategies like those used in bond laddering techniques based on contract periods like 10 and 20 year payout periods . But immediate annuities with a life only payout can generate guaranteed income you cant outlive . |
Who Pays Home Insurance When Renting? | The entity that is renting the property to the ` renter or renters ' is typically the homeowner policyholder . It could be an organization , corporation or individual who holds the homeowner policy . The owner of the residence pays for their own policy . They are the ` landlord ' in common terms . The renter may be required by the owner , to carry a renter 's insurance policy but the two policies are different . Even if the renter is not required to have a renter 's policy , it is a wise move to purchase one , as the premiums are usually relatively low and the coverages are fairly extensive , primarily for losses and damages to personal property and also for liability coverage for accidental injury to others . |
How To Create A Life Insurance Trust? | To create a life insurance trust , you need to enlist the help of both a life insurance agent and a tax professional . They will help you create a life insurance policy that is owned by an irrevocable life insurance trust , and help you choose who to manage it . You need to use expert help because this can not be undone . |