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What Is Medicare Supplement Plan F? | To better understand the different Medicare Supplement PLan Types you should refer to the government Plan Selecter chart , Your insurance broker can supply you with one or you can find it on the Medicare.gov website . Plan F is the plan with the highest level of coverage . It covers all co-pays and deductibles on Medicare covered services . It is the most popular Medicare Supplement Plan . |
What Is Medicare Supplement Plan F? | Medicare supplement plan F is the most popular Medigap plan in any market . It also has the highest premium and highest commission . Once you understand there are better values than you receive from plan F you will realize there are better ways to spend your money . Roughly 90 % of my clients with a Medicare supplement plan pick something OTHER THAN plan F. |
What Renters Insurance Covers Pitbulls? | The major issue , of course is for possibly obtaining liability coverage for physical damage caused by these types of dogs . I had my doubts as to the availability of this coverage but was advised that there is a website for Pit Bulls owners that discusses some relative items . It actually lists several companies that may insure Pit Bulls and some other breeds of certain controversial nature . Other renters ' issues are also addressed . Check out saveabull . com The article is entitled ; ` Insurance for Pit Bulls ' . It is mentioned that the availability of coverage for these types of dogs may restricted by regions . |
What Renters Insurance Covers Pitbulls? | It is possible that pitbulls may be an excluded breed under the terms and conditions of your policy . The best way to determine that , of course , is to check with your insrance professional . Some companies who limit breeds may also allow them provided that you can show proof of the dog successfully compleeting a comprehensive training program . |
What Renters Insurance Covers Pitbulls? | Pitbulls are an excluded breed under many homeowners and renters policies . There are companies out there though that will had dog liability as a separate policy as long as you and the dog meet the carrier 's expectations for coverage . Contact a local agent to find out more about coverage availability and pricing within your geographic location . |
How Old Should I Be To Get Long Term Care Insurance? | Most advisers begin addressing long term care insurance to their clients around age 50 . But the purchasing trend of long term care appears to be around age 60 . However , if youre family has a predisposition to disease , chronic hospitalization or nursing home confinement when theyre old , you may want to consider long term care insurance when youre young and healthy . |
How Old Should I Be To Get Long Term Care Insurance? | The majority of my clients who purchased long Term Insurance did so between the ages of 50 -55 ... Many times a family predisposition to disease or requiring numerous hospitalizations / nursing home confinement when older , prompted them to purchase at a younger age when healthier and could still qualify for the coverage . |
When Do Insurance Companies Total A Car? | Great question ! Th insurance company will typically total the car when the cost of repairing it is close to , or exceeds the value of the car . Remember that the value is determined by it 's `` blue book '' value or estimated value after depreciation , and not what you paid for it . I hope that helps ! If you need more information , feel free to contact me , I 'm happy to help . Thanks for asking ! |
Is Renters Insurance A Legal Requirement? | Renters Insurance is NOT a legal requirement however that does not mean it is not required to move into an apartment or house . The landlord can and usually does make this a requirement which protects you from loss of your material possessions in the event of a fire or other catastrophic event covered . Be sure to look at your options on the Renters Insurance . I recommend getting the replacement value type of coverage v. current value . Think about what it will cost to replace items like your TV -LRB- versus what it is currently worth -RRB- , your mattress and other bedroom furniture , etc. . |
Does Health Insurance Cover Gynecomastia Surgery? | I recommend checking with your provider first . I believe most insurance providers would consider the procedure elective and not cover it . That said it may be covered if your doctor diagnoses the condition to be a physical and or a mental health risk . In that scenario it would be wise toconfirm the procedure would be covered by your provider before scheduling it . In the event it becomes an out of pocket expense you should still be able to take advantage of yourinsurance network discount provided the doctor is in network . |
How To File A State Farm Renters Insurance Claim? | I used to work for State Farm before becoming an independent insurance broker . Here are your options in the order that I would recommend them . 1 -RRB- Call your State Farm Agent . He or she can take down the claim information and submit it to the claims department for you . Your agent might also be able to tell you what is likely and unlikely to be covered by your policy . He/She will also be able to explain the claims process and provide you with updates . 2 -RRB- Call the claims department directly at 800-782-8332 . They can take your call 24 hours a day 7 days per week . 3 -RRB- File your claim online at WEBSITELINK 4 -RRB- Download the State Farm App and file a claim with your mobile device . |
How Much Life Insurance Can I Qualify For? | The amount of life insurance that you qualify for depends on your age , income and assets . In some cases , the amount of coverage is also limited by health factors . So you need to visit with a life insurance agent to determine the amount of life insurance for which you can qualify . |
How Much Life Insurance Can I Qualify For? | There are several factors to consider when qualifying for a certain amount of life insurance . One do you have a beneficiary with an insurable interest ? Meaning , if you die does a family member , loved one or business suffer financially at your loss ? If so , then the insurance company underwriters will need to consider your age , build , health status and history , life style , income , assets , occupation and residence to determine the face amount of how much life insurance you may qualify for . The rule of thumb , based on age and life insurance carrier , can be 10 to 35 times your income plus your assets . I highly recommend using an experienced independent life insurance broker to help you navigate this maze of coverages as well as finding you the best rates . |
How Do I Switch My Homeowners Insurance? | In order to switch your Homeowner 's insurance , contact at least 3 local agents for quotes . You want to compare not just price , but coverages and if the agent is knowledgeable about the products they sell . Once you decide who you want to go with , they will ask you some questions for the applications and take some money down or bill your Mortgage company . If you do n't know who to call , ask family and friends who they use . |
Who Needs Long Term Care Insurance? | The # 1 risk in retirement is living too long . Extended life expectancy will place additional pressure on retirement funds to last longer than previously expected . But complicating that financial exposure is the cost of long term care . The very real probability of needing at least some home care assistance and at the worst nursing home confinement is reason enough to but it . |
Can You Switch Medigap Policies? | You can apply for a new Medigap plan at any point during the year . People often change their Medigap plans for a number of reasons , the most common being : You want to reduce your expenses by securing a lower premium from a policy with the same benefits -LRB- purchasing a Plan F with company B and dropping the existing Plan F with company A -RRB- . - this is the most common reason why people change their Medigap plans . Medigap plans are standardized so the coverage under a plan F is the same regardless of the company it 's through . So often people want to look at lowering their premiums when their policy gets hit with a rate increase . You may not need/want all of the benefits you 're paying for or you need/want more benefits than you have under your existing plan . Please note , if you do not have a guaranteed-issue right to purchase a Medigap plan without any medical underwriting , you would have to answer the health questions on the application . Medigap plans are guaranteed renewable . So in the event you could not medically qualify for coverage under a new Medigap plan , you always have the option of keeping what you have . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage , including quotes and plan comparisons , and if you have any other questions . Thanks very much . |
Can You Switch Medigap Policies? | The short answer is yes , you can switch your medicare supplement policy at any point in the year . The catch though is getting approved for the new plan . If you are over 65 and do not have a special enrollment condition you will need to pass a medical underwriting process for the new plan to accept you , this usually does not require a physical exam . If you are looking to change plans I highly recommend working with an expert licensed insurance agent who can help match you up with a company that will give you the best price for your situation . To search and compare plans and prices online please visit www.themedigapmarket.com |
What Does It Mean To Be Medicare Certified? | To be Medicare certified means that a provider of Medicare services has been approved and certified by Medicare , so thus are able to be reimbursed by Medicare for providing eligible services . They are able to become certified by applying for a National Provider Number -LRB- NPN -RRB- and for Medicare certification though a local Medicare carrier . |
What Is The Best Homeowners Insurance In Arizona? | Home owners insurance is dependent on the needs of the homeowner . If your home is a full time residence , a rental , a seasonal home or vacation home your needs will be different . Your insurance needs will also be different dependent on your current family and financial situation . For instance you may want to add an umbrella liability policy to cover your family against potential excess liability . These are very cost effective to add to your home and auto policies . You will get the best rates when you combine your home and auto policies under the same insurance company . You should consult with an insurance professional and discuss your needs and current situation and define a plan that matches those needs . I would be glad to review your situation and help define an insurance plan that meets your needs . So give me a call or visit my website at www.farmersagent.com//rried |
What Is The Best Homeowners Insurance In Arizona? | Homeowner 's insurance is basically comprised of three main things : dwelling coverage -LRB- the building itself -RRB- , personal property -LRB- your stuff inside it , from furniture to personal hygiene -RRB- , and liability -LRB- protects your family if something unfortunate happens and you get sued -RRB- . The best homeowner 's policy will cover you and your family adequately on all counts . Your first priority should be to talk with an agent to find out exactly what is most appropriate to your situation . Do you need higher limits on firearms ? Do you have expensive pieces of jewelry or fine art ? Is there an antique you 're especially proud of ? Did you redo your kitchen with all the latest gadgets ? If you 're talking with an independent agent , they 'll search multiple companies and find the best fit and/or price for you . If you 're talking with a captive agent , they 'll recommend something from their company . Our agency is independent and we pride ourselves on finding the best fit for our clients ' needs and budget . Visit us at insuranceeddie.com and let us know what we can do for you . |
What Is The Best Homeowners Insurance In Arizona? | Hi , you have asked about homeowners insurance in AZ. . We have a local representative in Tucson who would be delighted to help in either English or Spanish . In addition we have contracts with several companies that can provide competitive quotes . The truly good thing is that you live in Arizona where the weather is not as problematic as it is elsewhere . So , give us a call or check out our website at www.insurancebrowser.com , We would be delighted to give you a quote ! |
Does Life Insurance Cover Terminal Illness? | If someone has a terminal illness at the time of applying for life insurance , there are a handful of guaranteed issue policies that will provide that person with coverage . However , this type of policy usually has a minimum age limit of 40 + , is for small face amounts -LRB- usually under $ 25,000 -RRB- and not all states offer them . In addition , this type of policy is graded and will not pay out the full face amount for death due to illness until 2 + years have passed . If someone has life insurance and then is diagnosed with a terminal illness , and if the life insurance application/interview was done truthfully , then the policy will pay for death due to that illness , even if it occurs shortly after the policy was taken out . Some policies even offer a rider that allows the terminally ill person to take part of the death benefit in cash prior to death . |
Does Life Insurance Cover Terminal Illness? | Many policies now have an accelerated death benefit . This allows a policy owner to start receiving payments that are actually advances on the death benefit . The amount that can be taken this way is limited but it provides the owner with flexibility to offset the expenses of a terminal illness . |
Does Life Insurance Cover Terminal Illness? | Life Insurance in itself is a mortality insurance product that pays death benefit proceeds to the beneficiary of the policy upon the death of the policy insured . If the life insurance policy has an embedded or an add on rider featuring a morbidity provision , in this case , critical illness it will pay out the benefits correlated to a critical illness event . |
Does A DUI Affect Life Insurance Rates? | A DUI can affect life insurance rates , or even cause a decline . But if the DUI happened years ago , it may not affect your rate at all . The key factor with a DUI is how long ago it occurred ; whether there was more than one DUI ; and , if alcohol treatment was ordered , whether you continue to drink alcohol . One DUI over 5 years ago will affect rates far less than repeat DUI 's within a few years , especially if alcohol abuse/addiction is present . |
Does A DUI Affect Life Insurance Rates? | Yes , in under many carrier 's if you have had a DUI it is likely that you will pay more than someone that does not have a DUI . Every carrier has their own paramenter for the types of risks that they are currently willing to accept and also their own weighting method for the risks that they are willing to accept . Please contact a local agent to find out more about coverage availability and pricing in your area . |
How Can I Compare Medicare Part D Plans? | The key to comparing Medicare Part D plans is evaluating the drug formulary . It does n't matter if you have a Medicare Advantage plan that includes drugs or you are evaluating a separate Part D plan , you must compare the drugs on the formulary . Medicare.gov has a drug formulary finder which is beneficial . |
How Can I Compare Medicare Part D Plans? | The best way to compare Medicare Part D drug plans is to use the plan finder at Medicare.gov . You start by entering your zip code , then your county -LRB- if the zip covers more than one county -RRB- . Next , make the appropriate selections for how you get your Medicare and if you receive assistance . Enter the name and dosage of each drug , select a pharmacy and review the results . |
How Can I Compare Medicare Part D Plans? | I believe Medicare.gov is the most efficient way to compare plans . BTW - you should compare your plan every year during the Annual Enrollment Period , as plan 's formularies change and your medication may have changed - so always shop every year during the Annual Enrollment Period . Oct 15th - Dec 7th . -LRB- Plan will be effective Jan 1 of the following year -RRB- It may turn out - you are on the least out of pocket cost plan for you for the coming year as well - but better to always check . If you are on a Supplement and a RX plan - you compare the RX plans , if you are on a Medicare Advantage plan you compare the Advantage plans . -LRB- Because your RX is included within each Medicare Advantage plan - typically -RRB- . Hope that clarifies ! |
What Are Fixed Annuities Invested In? | The dominate position of insurance portfolios of most annuity and/or life insurance companies are investment grade government bonds . Those portfolio bond positions have varying maturity durations that result in a generally conservative return . |
When Is Medicare Cost Report Due? | The Medicare cost report is normally available by the end of March of each year . Anyone can obtain a copy of the reports if they desire . Mostly it is health care actuaries and insurance carriers that use the data for comparing and setting initial health insurance rates . The report is published by CMS . |
Does Medicare Cover Care At Home? | Medicare can cover some care at home if it is considered medically necessary and the care is provided by Medicare certified employees . However , the patient must be considered homebound and is very restricted from leaving the home while under this type of care . Another time Medicare can cover care at home is for hospice care . |
Does Life Insurance Cover Cancer Death? | Life insurance is designed by considering historical data that includes death by all causes . Once the issued policy has passed the incontestable period it pays a death benefit when a person dies . I have had two insureds murdered ; the policies paid the death benefit . Cancer is a natural condition that is a part of the statistical basis for the policy and is therefore a covered cause of loss . |
Does Life Insurance Cover Cancer Death? | Life insurance does cover death by cancer . However , it is common for someone diagnosed with cancer to seek out a life insurance policy , and at that point in time it is very difficult to obtain coverage . It generally takes at least a couple of years to obtain a medically underwritten policy after a cancer diagnosis , especially if over stage 2 . Of course , it also depends on the type of cancer , treatment needed , and effectiveness of the treatment . If a policy is issued , it generally is graded for 1-3 years , so that only a small amount is paid out if death occurs during that time . If the policyholder outlives the graded period . the policy pays the full face amount . As with every health condition , it is best to get your life insurance before a serious diagnosis . But whereas some health conditions cause your rates to go up more the longer you have it , the good news with cancer is that the longer you are in remission , the lower your rates usually go . So get what you can , and then keep trying every few years to get something lower priced . You will find that there are life insurance agents rooting for you , and who will work hard to help you get the best rate possible . |
Does Life Insurance Cover Cancer Death? | Typically , yes . But lets cover some of the what ifs . What if you had no history of cancer , but then unfortunately come down with it after you take the policy ? Youre covered . What if you had a history of cancer , but didnt disclose it to the broker when you applied ? Nor did you tell him or the examiner about any doctors who treated you ? Thats a big no-no . Thats insurance fraud . The carrier could contest the claim in the first two years . To tell you the truth , they might even come after you after that . What if you just completed cancer treatment last year ? Carriers typically like to wait 2 to 5 years before making an offer . However , I have seen offers made sooner , under exceptional conditions . What if you are a woman , and you have no history of breast cancer , but it runs in your family ? With all other things being equal , you could certainly be eligible for coverage now . But the family history might preclude you from getting the rock-bottom rates -LRB- sorry - blame the actuaries :-RRB- What if you have an accident-only policy ? No coverage for illnesses such as cancer . But what if you had cancer , but tragically the cause of death was a plane crash ? Different story . |
Does Life Insurance Cover Cancer Death? | Unless the policy was for accidental death only , it will cover death from cancer or any other illness . All true life insurance will . Accidental death policies should not be considered part of your life insurance coverage . You should count them more along the lines of your lottery tickets . They only pay off in the rare event that you die of an accident . The worst part of accidental policies are that they give people a false sense of security and prevent many people from ever getting around to buying the coverage they actually need . |
Does Life Insurance Cover Cancer Death? | True life insurance policies -LRB- not AD&D -RRB- pay a benefit regardless of the cause of death . In some cases the policy will refund premiums vs. paying the face amount , especially if death occurs during the contestable period . Suicide during the first 2 years the policy is in effect is a common situation where premiums paid will be refunded vs. paying the face amount . |
Why Do So Many Insurance Agents Fail? | Many people get into the insurance business thinking of it as a job . It 's not a job . It 's a business . If you go into business without a solid business plan and money to invest in your business you will fail . You have to learn the products and benefits you are selling . You have to be a professional person and a great communicator . But most of all ... you need people who want to talk to you . And that takes a lot of work or a lot of marketing money . There are also a lot of sharks out there that want to grab new agents and chew them up . They sign agents up for the worst deal imaginable where they could never win . The biggest red flag are the `` free lead '' scammers . They will sign agents up with horrible commission levels to get to the FREE leads . The free leads are worthless junk . You may as well be working the phone book . But if an agent does all the work and makes a sale ... he makes a tiny fraction and the guy who signed him up makes all the real money . It 's a racket , not a career builder . Just look on Craig 's List or any other free advertising place to find these scammers . If you enter the insurance business , make certain that you choose a reputable company with a good manager that you feel good about . If they make it sound too easy to make big money quickly ... watch out ! If they advertise on Craig 's List or offer free leads ... hold on to your wallet ! |
Why Do So Many Insurance Agents Fail? | I think there are several reasons for the high failure rate for insurance agents . Many come to the profession treating it like a sales job when in reality it is about building relationships with people and that takes time . It s not a job , but your own business and like any other business it takes a lot of hard work and determination . It is truly an investment of a persons time and money and I think many new agents do n't realize this . |
Why Do So Many Insurance Agents Fail? | So many insurance agents fail because this is a very hard business to be in . While from afar it looks easy , everybody looks wealthy and successful and people are just pounding upon the door demanding insurance . The reality is most people unwisely would forego carrying any insurance at all on themselves as it involves looking ahead and dealing with death . The purchase becomes `` another day , another time '' purchase . While it seems everybody needs coverage , very few pursue it , so it falls upon the insurance agent to make the case to the individual as to why they need coverage . The hard part about insurance is you ca n't taste it , drive it or feel it , at the end of the day , it is simply a promise to pay . It is a very hard thing to sell in reality . Agents fail because it is a difficult business and too many treat it like a sprint , rather than a marathon . A great amount of energy is expended quickly , along with resources with results that take a while . Most payments to agents take about 90 days after the application is taken . It 's a business that requires patience and a budget , the reason most agents fail is they lack either . |
Why Do So Many Insurance Agents Fail? | I concur with everything my colleagues have said above , but there is an additional factor . The failure rate is high because the hiring practices of most of the large companies are innately flawed . The large company agencies go a bad job of screening applicants to cull out the ones who are not likely to succeed . Their theory is that more bodies selling means more business , knowing full well that most of those people will not succeed . This flawed hiring practice compounds the training problems described above by dmrozek . The trainers are forced to train only the very basics . If a better job were done in the hiring process , there would be fewer new hires but they would be those with true potential . Because there would be fewer new hires , the trainers would have the time to provide more in depth training . |
Why Do So Many Insurance Agents Fail? | I have a bit of a different opinion about this . I believe most agents fail because they are n't trained correctly . I 've been doing this since 1991 and explored many company 's training programs . In that time , I have n't seen them change . Do you think the market has ? Insurance companies spend thousands of hours and millions of dollars training their agents on products , business plans , and sales skills . I 've consulted with new agents from some of the biggest companies in the country that were on the verge of failure . They did exactly what they were trained to do and they were failing miserably . These are some bright , knowledgeable sales professionals . You know what their companies told them to do ? Buy leads and call them , buy more leads and call them . If that does n't work , you 're not calling enough . Can you believe it ? When you find something that 's not working enough , do it more . I believe that the reason agents fail is that they are n't good prospectors . They 've never been trained in how to prospect or market themselves or their business . Try this , go to 10 agents , any age , any experience , and ask them what their biggest challenge is . I 've asked a lot more than that and I can tell you what the overwhelming answer is : `` I do n't have enough prospects to sell to '' . It 's the same with everyone . If you find someone who says they have enough or too many , they 're service providers , not agents . I watch really smart , professional salespeople struggle at the same time I look at a guy who looks awful , sounds worse , and does n't know anything about insurance succeed almost effortlessly . You know the difference ? That last guy knows how to talk to people . Watch him , he 's always talking to people and he actually listens to them and cares . Bottom line , the best prospectors are the most successful agents . As an industry , we have to begin training prospectors , not salespeople . We have to show new agents how to connect with more people and market themselves . We should spend more time training people on how to find new prospects than we do on how to sell to the prospects they do n't have . I believe there 's a shift coming from price driven , transactional selling back to a relationship based insurance practice . If we treat our products and services as a commodity , so will the consumer . So , let 's take the first step and change the way we train new agents . Let 's first find agents motivated by the profession , not the money -LRB- not that the money 's bad -RRB- . Then , let 's train them on finding good prospects . As I see it , that 's the future of our profession and the companies and agencies that start doing this will be on the front of that wave while the rest try to figure out why their 50 year old training program is n't working . |
Can An Illegal Immigrant Get Car Insurance? | The short answer is it depends upon the state . One of the most basic principles of insurance is a person/company must have an insurable interest in the property . In order to have an insurable interest in an automobile a person must have a valid drivers license and sometimes a registration . If a state allows an illegal immigrant to obtain a drivers license , then that person can obtain auto insurance . If the person can not obtain a drivers license from that state , he can not obtain auto insurance and even being behind wheel is illegal . Political debates aside , an illegal immigrant should find a state where he/she can register for a drivers license and get auto insurance . This not only benefits them because they will get property and liability coverage , but it will also benefit other drivers because it provides them something to recover from in the case of an accident . |
Does Health Insurance Work In Mexico? | US based health insurance includes most medical expenses incurred outside the country . This would include trips to Mexico . However some expenses are not covered . These include med evac , translation of medical records and return of mortal remains . It is always a good idea to supplement your major medical coverage with an international travel medical plan . |
Is Critical Illness Insurance A Benefit In Kind? | Critical Illness Insurance is offered in the UK , South Africa , Canada , Australia and Southeast Asia . The type of products offered in these countries has some differences from that offered in the US . `` Benefit in kind '' is a term used to apply to critical illness insurance in countries other than the US . From what I can tell , this type of policy is usually considered a benefit in kind , but you would need to check with a tax consultant to be sure . |
Is Critical Illness Insurance A Benefit In Kind? | Critical Illness insurance is a great benefit of any kind . 1 in 4 will contract any of the covered illnesses . In regards to that the coverages will pay cash indemnity lump sum and tax free like a life insurance policy . The policy was created by a heart surgeon who had seen patients stricken with the illnesses then due to being sick was not able to work or continue with daily normal life . They also needed financial resources to pay for treatments and to assist in paying for the accumulating financial obligations at home . |
Is Critical Illness Insurance A Benefit In Kind? | Critical Illness Insurance can be a benefit in kind , but it does not have to be . If the employer pays the premiums for the critical illness policy , the policy could be considered a benefit in kind . If the employee pays their own premiums , then the coverage is owned by the employee . |
When You Lease A Car Who Pays For Insurance? | You do . If you decide to lease a car , part of the leasing agreement will be that you obtain and maintain full coverage , namely both Comprehensive and Collision coverage for any covered physical damage to the car itself , as well as Liability coverage . Remember that the Leasing Company owns the car so they want to make sure that their interest is protected and they do that by requiring that you show proof that you have your own car insurance policy . |
Can I Deduct My Long Term Care Insurance Premiums? | If you are self employed , you can deduct 100 % of your tax qualified long term care insurance premiums as a medical expense . There are federal tax deductible limits on how much premium can be deducted at each age , ranging from $ 360/year at under age 40 to $ 4,55 / year at over age 70 . An individual can add LTC premiums with medical expenses , and the amount of that total that exceeds 10 % over adjusted gross income is tax deductible . After age 65 , the amount that exceeds 7.5 % over AGI is deductible . |
Does Health Insurance Cover Yoga? | Yoga is a `` spiritual exerices combined with some physical exercises '' . What `` medically required '' treatment is being provided ? What medical tests are being performed that the doctor and nurse can use to `` treat you '' and how often is the doctor and nurse involved in the yoga exercise ? It would appear that yoga is much like `` cosmetic '' surgery - perhaps you will feel better or look better but there seems to questionable grounds for a `` medical insurance '' policy to provide coverage for |
Is Whole Life Insurance Bad? | The death rate is 100 % . The question then is , when will it occur ? Term insurance will provide coverage for a limited period to time . Whole life insurance will provide the same coverage for the lifetime of the insured . Unless you die within the period of coverage of the term policy , the whole life policy will always be a superior buy . Unlike the term policy , the whole life policy premium remains constant and the policy develops cash values that can be used for other purposes . The whole life policy doesnt increase in cost just at the time that you need it . |
Is Whole Life Insurance Bad? | Is Whole Life Insurance Bad ? Well , it 's bad only if you believe that the person telling you this is doing so for your benefit and not to sell you something else . What you have to decide is what ever type of insurance the best choice for your needs . For a long term need , it is really hard to beat a whole life policy . Short term needs , different story . |
How Much Will Car Insurance Cost For A 19 Year Old? | Car insurance rates on a 19 year-old will vary , depending on where you live , your driving record , the type of car you own and your coverage . It could be quite cheap or fairly expensive , if there are multiple violations . As an experienced broker , our job is to shop all of the top companies for customers and utilize our websites to research and compare the best choices . |
Who Needs Long Term Disability Insurance? | Any person who is dependent on an income needs disability insurance . DI protects your income in case you can no longer work due to a sickness or injury . It allows you to stay financially afloat by covering whatever you need , from bills , your mortgage , co-pays , etc. . The average person only has 90 days of cash reserves , yet the average long term disability claim is 31.2 months ... a lot more than what the average person has on hand ! |
Who Needs Long Term Disability Insurance? | Who needs long term disability insurance ? Anyone who has an income that is relied upon for life 's essentials . In my work as impaired risk specialist for insurance products , I hear from many , many persons who have had to go on Social Security Disability due to a chronic illness or injury . What is shocking is the broad range of former occupations they held . Doctors and farm owners end up in the same financial situation as dishwashers and field workers . The chances of becoming disabled are too high and the consequences of becoming disabled are too harsh . For that reason , most people need Long Term Disability Insurance . |
What Does It Mean To Have Disability Insurance? | To have private Disability Insurance means that you have an insurance policy that will pay you a percent of your normal wages in cash if you were to become disabled and unable to work . There are short and long term disability policies , with the former providing coverage for a maximum of approximately 6 months . Long term disability can provide income replacement for years . Both are purchased with variables that you choose , and the price depends partly on those features . Some companies provide Group Disability Insurance , which operates the same but your employer may pay it for you . |
What Health Insurance Can I Get While Pregnant? | I am not aware of any company that will add maternity coverage after you become pregant . You can still get health insurance for yourself now , but the pregnancey would be classified a pre existing condition . In other words any pregnacy related costs or complications for you or the baby would be an out of pocket expense for you . Beginning October 1st of this year you will be able to get coverage through an exchange under `` Obamacare '' with any kind of pre existing condition including pregnancy but be prepared to pay extra on your premium . . |
Can You Get A Car Insurance Quote At 16? | In Montana you able to purchase insurance at that age but you are not allowed to own a car in only your name till your 18 . so If you were to purchase insurance you would have to have your parents or parent listed as a driver which also would make the insurance much cheaper . Or you could purchase what is called a non-owned auto policy that would cover you for liability to others but would not repair the car you were driving . I recommend you check your states laws which you can find on your states website . Or talk to a local agent in your area . |
Is Safeco A Good Homeowners Insurance Company? | Safeco is an excellent homeowners insurance company ! Safeco writes preferred middle market homes ; has many discount options available inclusive but not limited to Central Alarm Monitoring , Marital Status , Annual Prepay Credit , Fire Sprinkler , Gas Shut Off Valve , Age of Home , Type of Roof , etc. ... Discounts vary from program to program and are not all available in every State . Safeco is a member of the Liberty Mutual Group , is admitted in all 50 States , offers 24 Hour Customer Service if written through a contracted Gold Service agency , offers registration and access to policies for clients online , excellent claims service as well as multi policy discounts . If you desire , Safeco will package your Home , rental Homes -LRB- Landlords Policies -RRB- , Auto and Personal Umbrella coverage . The greatest multi line discount is the Home/Auto discount . Please note : multi policy discounts are only available if the Named Insured is listed the same on each policy and all policies are Personal Lines Policies . Commercial Policies and Personal Lines Policies are not affiliated when it comes to multi policy discounts . For an instant Safeco quote online , you may select your quote now at : WEBSITELINK Pleasecontact a licensed professional with any questions regarding coverage before buying a policy . |
What Is Wrong With Universal Life Insurance? | I have a universal life insurance policy . The idea is great . The problem is that with all the flexibility that is a part of the universal life policy , there is a temptation to get too flexible , skip payments , decrease payments etc. . I have seen universal life policies that self-destruct . There are some laws of economics that can not be violated without paying the price and paying too little , particularly in the early years , can leave the insured with a very expensive term policy that expires while they are still alive . |
What Is Wrong With Universal Life Insurance? | What 's wrong with universal life ? Nothing really , but ... Universal life is a flexible premium policy that provides a lot of leeway to the insured . This freedom can come back and haunt the insured as an underfunded UL can blow up down the road and leave the insured with nothing . Also in the past agents sold minimum premium plans during an up interest rate market . If nothing changed , these policies did fine , but how often in history does nothing change ? |
What Is Wrong With Universal Life Insurance? | Universal Life Insurance is a product with no inherent moral component to it except for client suitability , i.e. some savers or investor may not be suitable for the product . Universal life -LRB- UL -RRB- insurance has four policies : guaranteed UL -LRB- generally for indemnification -RRB- , current assumption UL , indexed UL and variable UL -LRB- should be for supplemental income . -RRB- |
Does Health Insurance Cover Tubal Ligation Reversal? | Most frequently health insurance will not cover reversals of elective sterilizations . Carriers tend to approve procedures that either result in a cure , or lower subsequent claims . In this case future claims are likely to be much higher once the ability to conceive is restored . Fifteen states have mandates requiring certain health insurance plans to cover specified infertility treatments . Every single mandate excludes tubal ligation and vasectomy reversal surgery from the requirement . Your best option is purchasing coverage optimized for the resulting pregnancy , and utilizing the un-reimbursed tax deductions to reduce expenses . |
Does Health Insurance Cover Tubal Ligation Reversal? | As long as it 's deemed medically necessary by the attending physician , then it should be . The bad news is that most times a tubal ligation is considered an elective procedure , so getting it or getting it reversed wo n't fall under covered services . An easy way to find out is to contact the benefits verification department of your insurance carrier -LRB- the phone number is usually on the insurance cards -RRB- and ask specifically if it is a covered service . 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 . |
Does Term Life Insurance Decrease Over Time? | No , the Term life insurance policies sold now nearly all stay level for the entire term . Decreasing Term was more popular in the past , but now the most competitive prices are for level term and you get the added bonus of the death benefit staying consistent for the full term . |
Does Term Life Insurance Decrease Over Time? | I have searched high and low and have not been able to locate a decreasing Term life insurance policy for the past couple of years . The only way I know how to get actual life insurance to have a lower face amount each year is to get an annually renewable policy and take out a smaller amount the next year . All the Term policies I know of are level benefit , meaning that the death benefit stays the same for a set number of years . |
Does Term Life Insurance Decrease Over Time? | Interesting question ! Most Term policies have a `` level '' guaranteed death benefit up to the time of the end of the term for the policy . However if you take in to account inflation , which has averaged about 4 % per year over the past 40 years , then the value of the death benefit definitely does decrease over time ! This is an important consideration when weighing whether to purchase Term or Whole Life , because while the premiums increase with age of the insured , the value of the death benefit decrease due to inflation . For this reason Term insurance can be much more expensive than Whole Life when you consider benefits vs cost . |
Does Term Life Insurance Decrease Over Time? | Most term life insurance companies have guaranteed level death benefits and premiums for a specified number of years . For example , 10 , 15 , 20 and 30 years are the most popular plans . There are some carriers that issue reducing term plans -LRB- often purchased to cover a mortgage -RRB- although they are not as popular as they were in the 80s and 90s . |
Which Pension Plan Is Best? | The best pension plan in my humble opinion is an employer sponsored 401 -LRB- k -RRB- defined contribution plan under ERISA -LRB- Employee Retirement Income Security Act of 1974 -RRB- But the real value of a 401 -LRB- K -RRB- retirement plan is the optional employer contribution match which can be as high as 6 % of your base salary.The pretax contributions save taxes today . The accounts accumulate tax deferred . And at distributions are taxed as ordinary income . |
Which Pension Plan Is Best? | Which pension plan is best ? The best pension plan is the one you PARTICIPATE in . There are different plans used in both individual and business situation . The best really comes down to you choosing to set money aside in one of them for later retirement use . There is n't a best one , there is yours , be it an IRA or a 401k or if you 're lucky enough a defined benefit plan . The best is the one your actively in . Matching , vesting and such , do n't matter if you are n't participating . |
Can You Be Denied Health Insurance For Being Overweight? | You can not be denied health insurance for being overweight . Whether you weigh 100 pounds , or 600 pounds , you will not be turned down for coverage for an Exchange -LRB- Marketplace -RRB- plan . The ACA -LRB- Affordable Care Act -RRB- legislation provides guarantee-issue for qualified health insurance plans , and pre-existing conditions , including obesity , are covered . |
What Is Medicare Local Coverage Determination? | Medicare Local Coverage Determinations -LRB- LCD 's -RRB- are guides that assist Medicare providers in submitting correct claims for payment . It also explains what criteria must be met for the service to be covered . Since Medicare services must be reasonable and medically necessary , LCD 's detail that criteria in three different types of LCD documents . |
Why Does My Landlord Want Me To Get Renters Insurance? | A landlord will require a tenant to have renters insurance to help protect them and you and your family . Renter insurance provides liability coverage and personal property coverage for the insured . The liability coverage will provide for a covered loss occuring that the insured is deemed responsible for and the personal property coverage provides for personal property due to acovered loss . If you would like to discuss details of renters insurance coverage , please contact a a local agent to have them go over it with you . |
How To Get Car Insurance With A DUI? | Hey , it happens . Sometimes we make a mistake and end up in a situation we did n't intend . It does n't mean you ca n't get car insurance , it just changes the finances . Now , I can only speak for the State of Michigan , but I do n't imagine it 's very different in other states . When your insurance company finds out you got a DUI -LRB- and they will -RRB- , they will , most likely , cancel your policy as you 're no longer eligible to be covered under a standard company . There are , however , other nonstandard companies that will be happy to insure you , at a price . Companies such as Titan/Victoria , Progressive , Bristol West , and others will still insure you . Now , I 'm assuming you still have a valid license -LRB- If not , it 'll be more difficult -RRB- . It would n't surprise me if your premiums tripled or more with these companies but there are ways to help manage your costs . If you look at the quotes from these companies , you 'll probably see that more than half the premium is in the physical damage coverages -LRB- comprehensive and collision -RRB- . If you can live without these coverages , you can save a lot of money , but be aware that they will not fix your car if you have damage . Also , if your car is leased or financed , you 're bound by contract to carry these coverages . In this case , you can raise deductibles but it wo n't make a huge difference . Do n't skimp on the liability coverages , these are much more important . Now the bad news . You may not be eligible to be insured with a standard carrier for up to 5 years . And you thought the fines and court costs were high . This is where it really hurts . I hope you have a good agent , he/she is your best friend right now . Work with them and see what you can do to minimize your costs without sacrificing the most important coverages |
Do I Need Supplemental Insurance With Medicare Advantage? | There are different kinds of supplemental plans that are sometimes coupled with a Medicare Advantage plan . As others have pointed out , you do not need a traditional Medicare supplement -LRB- Medigap -RRB- plan in addition to your Advantage plan . Some carriers offer cancer plans , hospital indemnity plans and other single purpose plans . You will be told you need these plans to fill the gaps in Medicare Advantage plans and cover your out of pocket expenses in the event of a hospitalization or severe illness . Truth is , you do n't need these add on plans . Just a waste of your money and a way for the agent pushing them to pad his or her wallet at your expense . If you feel you will have difficulty paying your out of pocket expenses which can be several thousand dollars under a Medicare Advantage plan , you should consider switching to traditional Medicare and buying a Medicare supplement -LRB- Medigap -RRB- plan . Medigap plan N is a good transition product or for those on a tight budget , Medicare supplement plan Hi F. #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes |
Do I Need Supplemental Insurance With Medicare Advantage? | You do not need and it is actually unethical and against Medicare guidelines to sell you a Medicare Supplement with a Medicare Advantage Plan . There are some policies that will help pay some of the out of pocket costs of a Medicare Advantage and in some cases they may be a good option . These are not Medicare Supplements . If however the premium gets too high you are better off in a Medicare Supplement plan rather than a Medicare Advantage rather than pay a premium for the supplemental hospital coverage , Make sure you have a good agent who can help you decide your best options based on your individual situation . |
Do I Need Supplemental Insurance With Medicare Advantage? | No you do not need supplemental insurance when you are on Medicare Part C aka : Medicare Advantage . In fact if you keep your Medicare Supplement while you are on Medicare Advantage it will not pay anything . Medicare Supplements only pay the gaps after Medicare A&B pay their part . When you are on Medicare Advantage , A&B do not pay at all . |
Can You Keep Insurance Money From Car Accident? | Your not supposed to keep the money the insurance company paid out for a repair . In most cases the insurance company will write a check either directly to the body shop or to both parties to guarantee the repairs are done . If the claim is minor the Insurance company may write a check directly to the insurance who then has the car repaired . If you chose not to repair the damages and keep the money I can pretty much guarantee if the damage occurs again in the same area you will be denied coverage for not fixing the damage in the first place . The insurance company will say the damage was pre-existing . |
How To Read A Home Insurance Quote? | I would just like to elaborate on the above answer : Coverage is designated by letters and sections , where section one covers property and section two covers liability . SECTION 1 : A - Dwelling B - Other Structures C - Personal Property D - Loss of use SECTION 2 : E - Liability -LRB- negligence must be proven -RRB- F - Medical Payments to others -LRB- no negligence has to be proven -RRB- In later sections will be the additional coverage such as scheduled property , additional causes of loss -LRB- flood , earthquake -RRB- and any scheduled exclusions . I hope this puts the above answer in context of your policy . |
How To Read A Home Insurance Quote? | Homeowners insurance is comprised of several variables but I 'll discuss some of the major components . First and foremost you want a Replacement Cost policy . Second , you need to work with your agent to determine the proper amount of Replacement Cost coverage -LRB- the cost to rebuild your home -RRB- . Once this amount is determined the other coverage lines are a percentage of the dwelling coverage . Here 's an example of the major components : Dwelling - $ 500,000 Other Structures - $ 50,000 -LRB- 10 % -RRB- Personal Property - $ 350,000 -LRB- 70 % -RRB- Next , you need to select your deductible . Deductibles typically range from $ 500 - % of your dwelling coverage . I recommend at least a $ 1,000 deductible because you do not want to file small claims on a home policy . There are other optional coverages that are very important such as Water/Sewer Backup and Law and Ordinance coverage . Identity Theft and scheduled items can also be added . As always it 's best to discuss your options with an independent agent who can present several options specific to your needs . |
Does Health Insurance Cover A Dermatologist? | Generally speaking , yes . This would be a specialist visit . Depending on the type of insurance that you have you may need a referral to see the dermatologist and have the visit covered by your health insurance . You would get the referral from your primary care physician . |
Does Health Insurance Cover A Dermatologist? | Most plans will cover a dermatologist as a specialist visit . Refer to your policy to see what your specialists visits will cost . If you do n't have your policy , call your provider . If you have your insurance card , check for a customer service number and give them a call . Specialist rates are often twice what a primary care physician co-pay will be . |
How Soon Does Health Insurance Start? | Health insurance can start in one of three ways : 1 . If it is short term health insurance , the policy can start as quickly as the next day after you submit the application electronically or have it post marked by most short term insurance carriers . It many cases you can select the effective date of coverage if you do not want it to start the very next day . 2 . The new Affordable Care Act plans aka Obamacare plans can start the first of the next month , if you apply by the 15th of the preceding month ... otherwise if you submit after the 15th of the month , it will start the first of the month of the month following the next month ... in other words if you submit the application on July 17th , the policy will start September 1 . 3 . If it is group or employer based health insurance you should check with the HR department , because dates can vary . Hop that helps . Tracy McManamon onesourcebenefits.com |
How Soon Does Health Insurance Start? | The answer to your question depends upon the context of where you are getting your health insurance and the type of health insurance you are getting . If your health insurance is being provided by your employer the answer will vary depending upon that company 's personnel policies and can even very for classes of employees -LRB- e.g. - hourly versus salaried -RRB- . As such your coverage could effective date could range from your date of hire to some date after you have completed a probationary/waiting period with that employer . The business owner , their Human Resources person or their insurance broker should be able to provide you with this group specific information . In 2014 and after , the Affordable Care Act -LRB- ACA -RRB- requires that an employer can not impose a waiting period of more than 90 calendar days from the date of hire for a new hire to be enrolled or to waive participation in the company 's group health plan . For practical purposes many employers are moving to a personnel policy of a new hire being covered on the first of the month following 60-days after being hired . Individual major medical insurance will go into effect on a first of the month basis . Though the first of what month will depend upon when you apply for coverage . The ACA require that enrollments received on or before the 15th of the month become effective the first of the next month . Applications received after the 15th of the month will become effective the first day of the following month . Bear in mind that as of April 1 , 2014 you are essentially unable to enroll in individual major medical insurance for the rest of 2014 unless you experience a change of life status event -LRB- marriage , divorce , loss of other coverage are common examples -RRB- . Short Term Major Medical insurance is not subject to the ACA restrictions and applicants have much greater flexibility in choosing the effective date of their coverage which can range from starting at midnight of the day they apply to some other date the applicant indicates they want their coverage to go into effect . Marlin McKelvy Consumer Directed Benefit Solutions www.cdbsagency.com |
How Soon Does Health Insurance Start? | Two conditions have to be met for any health insurance plan to start providing coverage : 1 -RRB- Have an established effective date for the coverage 2 -RRB- Submit your initial premium payment to place the coverage in force . An effective date for health insurance coverage is generally the first of a given month . Even if you sign up for a plan and set up an effective date , the coverage will not start providing benefits until you pay your initial premium -LRB- and pay continuing premiums each month -RRB- . |
Where Can I Get Auto Insurance Without A License? | This is normally something an Independent Agent will be able to do for you quite easily . We handle these types of policies all the time without any issue whatsoever for drivers throughout California . If your outside of California , you would want to look up an Independent Agent who contracts with multiple carriers so that they can offer you the most options with the least amount of work on your part . |
Where Can I Get Auto Insurance Without A License? | Not sure where this question is going but I 'll do my best . Insurance without a license is a possibility but not a certainty . It depends on your state and the companies that are available there . Most states require certain mandatory coverages to legally drive a car . You can not get these coverages without a valid license . However , you may be able to get physical damage coverage for a car you own , even if you do n't have a license . If you ca n't find out from your state 's website , call a local agent and ask . Some companies will write a comprehensive only policy that does not provide mandatory coverages to legally drive a car . If this is available , be aware that they will not provide a certificate of insurance . It will cover damage to the car ONLY with a deductible applied . They will also , most likely , require photos to verify that there is no existing damage to the car . I do n't know if this answered your question or not . If the question is about getting liability coverage without a license , I can be pretty confident in saying no . Prab , i believe , brings up a different view of the question . I approached it from the view that you 're not eligible for a license because of past violations . If you are eligible for a license and just do n't have one , such as moving to the US and you just have n't gotten a US license , then he 's correct . We will write the insurance with the requirement that you get a valid Michigan license within 30 days . |
Does Health Insurance Cover An IUD? | Most health insurance plans will cover the cost of an IUD . As part of Obamacare , covered participants are supposed to provide contraceptives at no out of pocket costs to the individual . Covered contraceptives generally include birth control pills , the birth control patch -LRB- such as Ortho Evra -RRB- , a diaphragm , contraceptive gel and an IUD . |
What Qualifies As A Life Changing Event For Health Insurance? | A qualifying life changing event for your health insurance allows you to enroll for coverage at any time . The federal subsidy will apply -LRB- if applicable -RRB- and no medical questions will be asked . The link below is the official list of `` events '' and is 100 % accurate . Beware of any other `` lists '' that are posted online or elsewhere since they may not be accurate . WEBSITELINK LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated consumer health insurance websites that offer the lowest available rates and updated information and tips . |
What Qualifies As A Life Changing Event For Health Insurance? | To qualify for a special enrollment period , you must have a `` life-changing event . '' Qualifying events include : 1 -RRB- Getting married 2 -RRB- Having a child 3 -RRB- Adopting a child 4 -RRB- Fostering a child 5 -RRB- Moving out of your current coverage 's service area 6 -RRB- Losing your existing health insurance under certain conditions including : 7 -RRB- Loss of group coverage through your employer 8 -RRB- Your COBRA coverage expired 9 -RRB- You get divorced 10 -RRB- You come off your parent 's group coverage 11 -RRB- Your plan was terminated by the carrier 12 -RRB- You lose your Medicaid eligibility , CHIP eligibility , or similar situation 13 -RRB- Becoming a U.S. citizen 14 -RRB- Leaving incarceration 15 -RRB- Becoming a member of an indian tribe : those in a federally recognized tribe can apply for new coverage/make changes to their existing coverage once a month throughout the year Please note , voluntarily terminating your existing coverage or your coverage was terminated by the carrier because you did n't pay your premiums are NOT considered qualifying events for a special enrollment period . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . Thanks very much . |
What Qualifies As A Life Changing Event For Health Insurance? | The following are considered to be Life Changing Events : Lost or will be losing health coverage Welcomed a child Moved permanently to a new county or state Got married Became a U.S. Citizen Released from prison A family member died I gained or lost a dependent There was a change in my disability status There were changes to my income |
What Qualifies As A Life Changing Event For Health Insurance? | Life changing events are marriage , birth , adoption , death , or change of coverage status for someone eligible for the plan . For example , if a spouse lost their job and their health coverage , or became eligible for other coverage through an employer , that would be a qualifying event . Moving could be a qualifying event on some coverage if you move outside of the coverage area of your current insurance provider . |
Are Medigap plans D and N identical? | There is one major difference from plan D and N. Plan N has a $ 20 Copay when you go to the doctors office and a $ 50 Copay when you go to the emergency room . Plan N would be better suited for someone that has more office visits in a year . |
What Is Disability Income Insurance? | Disability insurance could just as easily be called income replacement insurance . A disability plan will pay you up to 70 % of your monthly income in case of an injury or illness so severe that you can no longer perform the duties of your current occupation . The benefits can be used to pay your living expenses or anything else you may want or need . |
What Is Disability Income Insurance? | Disability Income Insurance , also known as `` Paycheck Protection , '' does just that -- it protects your paycheck ! If you can no longer work due to sickness or an injury , it will pay a portion of your income each month for a pre-determined amount of time . We 're quick to protect our homes , our health and our lives , but we forget how easily we could become disabled ! |
What Is Disability Income Insurance? | Disability Income Insurance is insurance that pays you cash in the event that you are unable to work due to illness or injury . It is called income because the benefit is a percentage of what your normal income is , and it is paid to you as a replacement to your paycheck . |
What Is Disability Income Insurance? | Disability income insurance is insurance that will pay you some of the income that you lost if you were to become disabled . While it can not replace 100 % of your salary , it can replace up to approx 75 % of your income , depending on the terms of the disability income policy . You can get a separate disability policy or get a disability income rider on some life insurance policies . |
Can You Transfer Renters Insurance? | Renters insurance can not be transferred , because the rates are based on the individual and the property covered . Renters insurance covers onlythe nameed insured and direct family membersresiding with the named insured.If you have a room mate situation then each room mate should have their own renters insurance policy . When you get a rate for insurance coverage it takes into account many factors which make insurance coverage non transferable . |
Does Health Insurance Cover Cialis? | As long as the physician writing your prescribing deems your need to be medically necessary , most insurance companies will cover this medication . Several other erectile dysfunction drugs are also covered by most plans , as are vacuum devices and implants , as long as they are medically necessary , something that would normally be the result of a disease or side effect of surgery . |
Is Universal Life Insurance Taxable? | In general , life insurance death benefits are not subject to income tax . That is also true with universal life policies . If the policy is surrendered prior to death any amount that exceeds the sum of the premiums paid into the policy is subject to tax . The same is true if an amount greater than the sum of payments is taken as a loan from the policy . |