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What Does A Basic Renters Insurance Policy Cover? | A good renters insurance policy will cover your personal belongings for fire , lightning , wind , vandalism and other named perils as well as theft and liability . It covers everything but the building and items owned by the building . It is the landlords responsibility to cover those . There are some basic fire policies that are more limited in nature so make sure you know what you are buying . |
Does Homeowners Insurance Cover Vandalism? | Homeowners Insurance is most often written on Form HO-3 ; the Form HO-3 Homeowners Special Form does include damage from the perils Vandalism and Malicious Mischief . The coverage will apply to the Dwelling and Detached Structures covered by the policy ; however , the deductible will apply . On the other hand , if only Basic Fire Coverage is purchased , sometimes known as ` Fire & Lightning ' , there would be no coverage afforded for damage caused by vandalism . This would apply to forms HO-1 or DP-1 which are the most basic forms of coverage available for single family residences . It is important that you review your specific insurance policy to assure that you are certain of what is covered ; also , you may contact a company representative for a detailed review of your policy ! |
What Is A Life Insurance Wrapper? | A life insurance wrapper is a terrible metaphor for the tax advantaged features of a life insurance policy that allows crediting methods like interest rates , indices and separate subaccounts using equities and bond investments . Life insurance accumulated tax deferred and a TAMRA compliant non modified endowment policy can generate tax free income provided that the life insurance policy is kept in force the life of the insured . The life insurance wrapped around the crediting method is the marketing approach here . |
What Does 10 Year Term Life Insurance Mean? | 10 year term life insurance means that the policy will stay the same price for 10 years , then either end , or jump way up in price . Some policies offer a rider to extend the policy beyond 10 years at an additional cost . Normally , after the 10 years of a 10 year term life insurance policy are up , the insured person must apply for a new policy at rates appropriate to their older age and health at that time . Or else they may be able to convert their policy to permanent insurance before the 10 year term ends . The permanent insurance is guaranteed to have the same health rating as the term did , and priced according to the age of the insured at the time of conversion . |
How Much For Full Coverage Car Insurance? | The only way to find out is to request an actual quote , there are too many variables for anyone to be able to give you a price unless you request a quote and give them all your information . Also , it 's important to understand that there 's no such thing as `` Full Coverage '' . There is Liability coverage which covers you in case you damage someone 's property or injure another person . There is Collision coverage which pays for repairs to your vehicle in case of an accident . There is also Other Than Collision coverage which pays for repairs to your vehicle in case something other than a collision happens . When people say `` Full Coverage '' they 're usually referring to a combination of Liability , Collision , Comprehensive and a few other overages . |
Can A Life Insurance Policy Be Used As Collateral? | It will depend on the type of policy you own . Term Insurance policies have no cash value and offer pure insurance coverage . If you purchase whole life or universal life insurance there is a cash accumulation account associated with the policy . This cash value is actual cash that is available to the owner -LRB- less any fees to cash policy in -RRB- . These cash funds can be used in certain situations as collateral for a loan . |
Can You Drive Without Car Insurance In Colorado? | Driving without car insurance in not a smart idea . Colorado requires drivers to carry insurance limits of $ 25,000 per per person , $ 50,000 per accident for bodily injury , and $ 15,000 per occurrence of property damage liability . If you get caught driving without insurance , the police can arrest you and impound your car . The court can impose additional fines and requirements , or restrict your ability to drive . Contact a local agent to discuss your auto insurance needs . If you can not afford full coverage , let them know that . It is better to have the state minimum requirements and be able to pay for the coverage , then no coverage at all . Let us know if their is anything we can assist you with ! |
Is GST Applicable To Life Insurance? | By GST I 'm assuming you are referring to Canadian Good 's and Services Tax . If this is the case , the answer is no . As of current legislation Canadian Goods and Services Tax does not apply to life insurance purchases . Ontario , however , does add a provincial sales tax to life insurance transactions . |
How Much Does Life Insurance Cost For A 40 Year Old? | This is a great question , Life insurance premiums vary depending on a number of things such as gender , insurance company , type of plan , riders you may want , amount of insurance you want , if there are any health issues , etc. etc.etc . You can contact us for a personalized quote if you are in one of the states that we are licensed in . |
Which Dogs Raise Home Insurance? | Rather than raise rates many companies restrict coverage . For example , the company might completely exclude coverage for personal injury or loss that comes beause you own a pit bull , Doberman , or Rottweiler . If you have an animal that has a history of biting , you will probably find that animal excluded as well . The company may also limit the amount that they will pay for any claim coming from the bite of any animal . |
What Is A Good Health Insurance Plan In Virginia? | A good health insurance plan is the plan that will best serve your specific needs . Suitability is an important factor in figuring out which plan is best for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employment was terminated , you lose the coverage . An individual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much ! |
What Does Life Insurance Per Unit Mean? | `` Life insurance per unit '' is the cost of life insurance per thousand dollars of coverage . Child Riders are priced per unit . E.g. a $ 10,000 child rider may cost $ 60 per year , or $ 6.00 per unit . Flat extras are also charged by unit . The insurance company may add on $ 7.50 per unit of life insurance for 3 years after having surgery for prostate cancer . For a $ 100,000 policy , that would add on $ 750 per year , but then the flat extra would drop off after three years and the policy would cost $ 750 less . You can also price your own policy if you know the cost of one unit of life insurance . E.g. . If you are buying a final expense policy that costs $ 50 per unit , a $ 10,000 policy will cost $ 500 per year . |
Can A Veteran Get Life Insurance? | A veteran who is no longer in active service can purchase the same life insurance as anyone else , based on age and health requirements . There is also military life insurance for veterans , but it has strict conditions -LRB- you can see those by searching on the word `` veteran '' on this website -RRB- . |
Can I Buy Health Insurance Just For My Child? | You can buy health insurance for just your child . Rates will be very inexpensive , unless there are major health conditions . Coverage may be limited since many carriers only issue short-term plans on child-only policies . However , beginning in October , Open Enrollment for 2014 plans will begin and many more options will become available . An experienced broker can help you select the best plan at the most affordable price . |
How To Avoid Paying Taxes On Annuities? | Deferred or single premium immediate annuity policies only delay taxes , they dont avoid taxes . Even artful tactics in ownership with trusts or split annuitant strategies ultimately pay taxes . You could give an annuity to a charity outright and you would n't pay taxes , but youd have no asset either . Annuities only stall the inevitable tax event . But they are advantages to deferring taxation and that is where the planning begins . |
What Does The Insurance Company Do When Your Car Is Stolen? | If you car is stolen and not recovered then the insurance company , providing you have comprehensive coverage , will determine the actual cash value of your vehicle and then write you a check for the stolen vehicle . You will have to relinquish the title over to the insurance company . If you had a loan on the vehicle the loan will be paid off first and you will receive what ever is left . If you do not have comprehensive coverage then you have no coverage for the loss . If you car is recovered then it will be determined if the car is repairable or a total loss depending on the condition the car is found in . Most insurance companies will wait 30 days to see if the car is recovered or not then just call it a loss at that point if the car is not recovered . |
How Many Claims Before Home Insurance Cancels? | This may differ by state , but here in Michigan the Guideline is 3 claims , over $ 1,500 , non weather related , within 3 years . Some companies may be a little different , but that 's a good baseline . Insurance companies do n't really have problems with weather related claims or big claims . The thing that hurts an insurance company 's bottom line is frequency , not severity . |
How To Evaluate Health Insurance Plans? | Obamacare has eliminated most competition in SC and with the regulations of the plans all plan choices are the same . However , deductibles , copays , and coinsurance are the key factors in evaluating the affordability and the value of the plan to each individual or family . ACA plans that are not on the federal exchange such as United Health One have some differences like an HSA plan that is not available on the exchange . Now , you can step outside of the approved Obamacare guidelines and find a plan that offers great protection at a lower premium while accepting the penalty imposed by the Feds for that `` terrible '' decision . For more information on truly affordable plans outside of Obamacare call Ron Hinch , The Hinch Financial Group @ 843-450-9879 ' |
What Is Physical Damage Coverage In Auto Insurance? | Physical damage is damage to your vehicle . If the damage is sustained in a collision , the applicable portion of an auto policy would be the collision coverage which repairs your vehicle after you meet a stated deductible amount . If the car is damaged by other means , the coverage applicable is called comprehensive . It works the same way but generally has a different deductible amount stated . |
How To Shop For Long Term Disability Insurance? | How to shop for long term disability care insurance ? First start with a group of companies to compare from . Then READ the plans . The most important anything in a disability policy is the definition of what is disability . It does n't matter how long or how much if you never met the definition of disability stated inside the policy . The cheapest premiums with the highest payouts mean nothing if you never meet the policy 's definition . |
Can You Get Life Insurance With Cancer? | While in the midst of cancer treatments , the only type of Life Insurance one can get is Guaranteed Issue . Since there are age limits on guaranteed issue life insurance -LRB- minimum age is usually 45 +0 -RRB- , and since it is not available in every state , not everyone can get coverage while having cancer that is not yet removed , cured , or in remission . After a year or two of being cancer free , there are several simplified issue policies that are available in addition to guaranteed issue , and some of these will work for persons under age 45 . The farther out from the time of being last treated for cancer , the better the chances of getting a regular life insurance policy . The type and stage of cancer also enter in . To find out whether you can get life insurance as a cancer patient or survivor , call an agent who can walk through the questions with you and who has an arsenal of policies to choose from . Get one locked in now , and hopefully you can find a cheaper one in the future . |
Can I Pay Auto Insurance With A Credit Card? | That is going to depend on your carrier . To the best of my knowledge there are a few carriers out there that will accept payment through a credit card . Many carriers still prefer payment to be in the form of a check or by debit card . Contact a local agent to discuss the payment options that they have available with the carriers that they work with . |
What Kind Of Annuities Are Out There? | There are many different kinds of annuities offered by many different insurance companies . Each annuity has its own features . I typically group annuities into four main categories . Immediate Annuities : This is an annuity that begins a payment stream upon purchase or shortly thereafter -LRB- within a year -RRB- . The payment is guaranteed for a period of time or for a lifetime -LRB- or lifetimes in the case of a joint payout -RRB- . Variable Annuities : This annuity has tax deferred growth that is based on the performance of the sub-accounts within the contract . The owner of the annuity can choose which accounts to allocate their funds . The performance of the annuity can be either positive or negative so an owner is assuming some level of investment risk . Fixed Annuity : This annuity has tax deferred growth that is set for a fixed period of time . The interest rate of the annuity is usually set at the purchase date but can be adjusted at a later date in some contracts . The performance is usually a known outcome and highly dependent on the length of the annuity contract . Indexed Annuities : This annuity has tax deferred growth that is based on the performance of an particular index -LRB- es -RRB- . The owner can choose which index -LRB- es -RRB- to allocate their funds such as the S&P , but their funds are n't actually invested in that index . The index is only used to determine the performance . The performance of indexed annuities are usually only zero or higher with a limit on the upside known as a `` cap . '' These are general definitions and are by no means suggesting which is better or more appropriate for any situation . My recommendation , if you are interested in learning more about annuities , is to speak with a professional licensed to describe the pros and cons of each annuity type based on your particular situation . |
What Does Obamacare Mean For Nurses? | Typically , nurses purchase their own health insurance -LRB- unless they work for a hospital or other large company -RRB- . Since rates are expected to increase -LRB- perhaps dramatically in some areas -RRB- , nurses will feel the brunt of higher prices . A new federal tax subsidy will help reduce rates for those that qualify . And of course , nurses , like everyone , must now buy health insurance . It 's the law . |
Why Should You Buy Long Term Care Insurance? | People usually buy long term care insurance so that they can have the money to make choices for their own care ; so that they can save their resources for spouse or heirs ; and/or so their relatives do not worry about what will happen to Mom , Dad , Grandma , or Grandpa if they can no longer can care for themselves . |
Who Can Apply For Medicare At Age 62? | If you 're not turning at least age 65 , you can only go on Medicare if you 're disabled or have ESRD -LRB- end-stage renal disease -RRB- and meet the under 65 Medicare qualifications . If you 're under 65 and qualify for Medicare Parts A & B , I would suggest looking into securing a Medicare supplement and Part D prescription drug plan or a Medicare Advantage plan . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . |
What Is A Rolling Target Life Insurance? | Rolling target just refers to an agent compensation method for universal life insurance programs . It 's not a type of life insurance coverage . The commissions agents earn on their sale of a universal life product are based on the `` target premium '' of a policy because universal products feature flexible premiums . I hope the information is helpful - please feel free to contact me with any other questions you may have . Thanks very much . |
What Is A Medicare Item Number? | Medicare Item Numbers are used in Australia to identify the Medicare benefit owed to the recipient . You can visit MBS Online to enter a Medicare item number to see your benefit at WEBSITELINK . The Medical Benefits Schedule is part of the wider Medicare Benefits Scheme managed by the Department of Health and Ageing and administered by the Department of Human Services of the Australian government . |
What Does Health Insurance Protect You From? | In the most basic terms health insurance protects you from large medical claims that would or could destroy your finances . Most policies are written with protection that limits the insureds maximum risk during a plan year . Health insurance protects you from financial loss by assuming a large portion of the risk in trade for premium . |
Who Qualifies For Medicare Part B? | If you meet the qualification for Medicare Part A you will also qualify for Part B . If you have worked in the Social Security system for at least 10 years , are a US citizen or legal resident for at least 5 years and have attained age 65 you can qualify for Medicare Part A and B. |
Is It Illegal To Not Have Health Insurance In New Jersey? | No it is not illegal to not have health insurance in New Jersey . Under the Patient Protection and Affordable Care Act of 2010 -LRB- PPACA , aka Obamacare -RRB- there will be a federal mandate to acquire health insurance that will result in penalty taxes imposed on income for individuals who do not acquire health insurance . The extent of this penalty tax will decrease over the course of the next several years . |
What's A Deductible For Car Insurance? | A deductible , regardless of the type of coverage you have , is the amount you pay in the event that you need to file a claim with your insurance company for a covered loss . A deductible choice has a direct effect on the price that you pay for the coverage in that the higher the deductible -LRB- meaning the amount of risk that you are willing to accept for yourself -RRB- the lower the premium you will be charged for the insurance coverage . |
What To Look For In Renters Insurance? | The key to purchasing a renters policy is to understand what your exposure might be . Take pictures of everything in your unit that belongs to you , including your clothing , appliances , dishes etc. . Then review the photographs listing the items and their replacement cost . Add the list of replacement costs and you will have the amount of personal property that you have at risk in your unit . I suggest you then meet with an insurance agent and discuss the best way to cover that risk . A claim is not the best time to discover that you are underinsured . Always select the highest possible liability limit . A lawsuit can ruin your weekend . |
How do I know what conditions are covered on a critical illness plan? | Great question ! The basic illnesses will be covered by almost all plans , but there are differences from company to company . The conditions under which they are covered and amounts paid out can vary also . I would tell you to look at the policy carefully , and if you do n't have it handy , contact the agent or company that sold it to you . They can tell you exactly what is covered by your policy . If you are looking into purchasing one , please shop carefully , or find a trustworthy agent to guide you through the selection process , to find the best fit for your needs . If I can help any further , please contact me , I 'd be happy to help.Thanks for asking ! |
How Should I Buy Life Insurance? | The first step in buying life insurance is to determine how much coverage you need , what type of insurance will work best for your needs , and how much it will cost . With life insurance you can not just pick out the policy with the features that you like . You must qualify medically , and your overall mortality risk -LRB- or lack thereof -RRB- determines your rate . What company you use and the type of policy you choose also figure into the premium you will pay . So the best way to buy life insurance is to talk to an agent who can help you determine how much you need , explain what types of policies work best for that need , and then shop around to find the best rate for which you qualify . Good life insurance agencies stick with you and guide you through to the time when the policy you want is in your safe , ready to go into action if tragedy strikes . While a life insurance agent is the last person most people wish to consult , in the end , most policies require an agent as the middle person , anyway . Starting out by calling an honest agent can make the process very simple and help you save hundreds of dollars . |
Will I Be Drug Tested For Life Insurance? | Not every life insurance company requires a drug test on every policy . Each provider has different underwriting criteria and rules . The policy size and your age at time of application determine the type of medical testing that may be required . A small policy may be simplified issue : just answer a short list of medical questions . A very large policy will require lengthier questions , along with blood and stool samples . |
What Affects Homeowners Insurance Premiums? | There are many factors . The reconstruction value of your home and other structures on the property . The amount of personal property that you have . Your claim history . Your credit level . Do you insure your home and auto with the same company . The age of you home . The geographic location . And more . This is just to name the ones that pop up immeadiately . |
What Happens To A Life Insurance Policy With No Beneficiary? | If there is no stated primary beneficiary , nor contingent beneficiary alive when the insured passes , the proceeds of a policy would become part of the estate and subject to probate . If the beneficiary was alive longer than the insured , the proceeds would go into the beneficiaires estate and subject to probate regarding their estate . |
Does Comprehensive Auto Insurance Cover Vandalism? | Yes , vandalism is one of the covered perils in the Comprehensive portion of most standard auto policies . Comprehensive is the more broadly defined of the two elements that make up the Physical Damage portion of a car insurance policy , the other element being Collision . Collision provides coverage for damages sustained by your car if involved in an accident with another motor vehicle , a stationary object or a human being . Comprehensive provides coverage for all other named perils including vandalism . |
How Long Does Cobra Health Insurance Last? | COBRA beneficiaries generally are eligible for coverage a maximum of 18 months . There are certain qualifying events that could extend the coverage . If the beneficiary stops paying the premium or if the employer stops providing the group health insurance the coverage could end earlier . Some plans offer a conversion from the COBRA plan to an individual plan at the end of the COBRA period . |
What Does Medicare Cover For Assisted Living? | Medicare does not cover Assisted Living at all . Medicare is very limited on its long term care benefits . You can only get assistance if you are hospitalized for three days , not counting day of discharge , and require skilled care . You can only stay in a nursing home for a maximum of 100 days . the first 20 days are covered in full as long as you meet the requirements , day 21 through 100 you will have a copay . You may also quaify from limited rehab services in your home . If you need assisted living you may qualify for certain veterens benefits if you or your spouse served in the military during a period of war . Your only other option is Medicaid . If you have assets see a good elder law attorney or Medicaid planner . It could save you a large portion of your assets and allow you to get help faster . |
Do Life Insurance Proceeds Go Through Probate? | Life insurance death benefit proceeds go direct to the policy beneficiaries . The beneficiary declaration in the application is the directive to the life insurance company on death benefit distributions . There is also an option for contingent beneficiary as well . Avoiding probate is another feature of life insurance coverage . |
When Is Life Insurance Necessary? | Anytime that someone wants to help ensure that their family is able to better survive financially after their passing . If you were to pass away suddenly , where would your family get the money to replace your income , pay the debts you left behind , or pay for college educations for your children just name a few examples of how the payout from a life insurance can help . Contact a local agent to discuss product availability , pricing , and product details . |
Does Aetna Sell Long Term Care Insurance? | I have worked alot with Aetna over the years , providing group health insurance benefits to small business groups . To the best of my knowledge , I have never personally heard of Aetna offering any form of long term care products . I know that they offer group health , group life , and group disability coverages . |
What Is Employer Sponsored Retirement Plan? | Employer Sponsored Retirement Plan is generally an ERISA qualified plan that a business sponsors for their employees with employee tax deductible contributions and sometimes an employer contribution match . An example of such a plan is the popular 401k retirement plan offered by many corporations and small businesses alike . |
Can You Use Disability Insurance For Maternity Leave? | Only short term disability insurance can be used for maternity leave . Long term disability -LRB- the type most commonly purchased in individual policies -RRB- will only pay benefits if off of work for an extended period of time due to complications of pregnancy , or recovery from complications suffered during or after childbirth . |
How Can I Find Out If Someone Has Auto Insurance? | It used to be easy but with privacy protection laws in-force , it now takes some work . Without knowing the reason why you want the information , bear in mind that you will need to demonstrate a legal need for it . You can check with the local police department but you will most probably have to file a police report and provide a solid and legal reason for needing to know about another 's insurance situation . You might also check with your State motor vehicle administration but again , your request will not be honored unless you can provide a reason for your request that is in compliance with the laws . |
How Does Life Insurance Test For Smoking? | That is a great question ! In the case of you purchasing a policy for a larger face value , the insurance company will send out a para-med who will take samples or swabs from you to test for the markers of nicotine use . In the case of a smaller face value policy , there will be a question on your application , and then subsequent ones relating to smoking related diseases . If at some point the company has reason to believe that your answers during the application process are less than truthful , they may elect to deny or delay your payment on those grounds . The best thing to do is quit smoking , or find a company that is lenient with their tobacco rules , or one that does n't ask at all . They exist , and a good agent can find one for you . I hope that helps , thanks for asking ! |
How Much Will I Get If I Cash In My Life Insurance? | If you own Term life insurance , there will be no cash to cash in . However , if you own Return of Premium -LRB- ROP -RRB- Term , and have held onto the policy long enough , you will be able to get back part or all of the premium you paid in . If you cash in Whole Life or Universal Life , the amount you get back is stated in a current policy illustration . That amount is called the surrender value . You can order a current illustration from your life insurance company or agent . |
Is There Life Insurance For People With HIV? | The only type of life insurance available to people with HIV at this point in time is guaranteed issue life insurance . This type of coverage is graded , only provides small face amounts -LRB- usually under $ 25,000 -RRB- and usually has a minimum age requirement of 45 years . Hopefully this is one of those health conditions that life insurance will look at more leniently in the future as HIV treatments continue to improve . |
How Do I Get Proof Of Renters Insurance? | If you currently have renters insurance , I would suggest contacting the carrier of the policy or your local agent and request a copy of your policy or a proof of insurance document . Within a couple of weeks at most after signing up for the coverage you should have received your policy documents electronically or in paper form . |
What Is PPI Auto Insurance? | PPI is ` Payment Protection Insurance ' . In addition to vehicle purchases , PPI is also purchased in mortgage and some credit situations . It ensures repayment of loans for the policyholder , in the event of illness , death , disability and unemployment . Generally , when the policyholder is unable to earn , for documented reasons like those stated above , the insuring company chosen makes payments to the lender , usually for a specific period of time . Additionally , there is usually a waiting period associated with the coverage , before payments will begin . PPI is often referred to as ` credit insurance ' . |
Do Annuities Have Beneficiaries? | That is a great question ! As annuities are an insurance product , there is the ability to structure your annuity to allow the remaining balance to pass to a beneficiary . Depending upon how you structure it , you can have your annuity pay for a certain number of years and run out ; pay until you pass , then continue to pay your spouse ; or pay the remainder to a beneficiary when you and your spouse have passed . That amount can be structured as a lump sum , -LRB- taxes ! -RRB- or a series of payments -LRB- lesser chunk of taxes -RRB- . Ask your agent to walk you through the options , ok ? Thanks for asking ! |
How Much Does Medicare D Cover? | This is a good question . Medicare part D or prescription drug plans cover certain amounts depending on your specific drugs . My clients normally give me their drugs and ask to find a plan -LRB- part D or C -RRB- that will save them the most money depending on what drugs they have . This is important for your broker / agent to do because they should be able to determine if you will end up in the donut hole -LRB- coverage gap -RRB- where you end up paying more for your meds later in the year . |
When Does Life Insurance Payout? | In addition to the helpful information Rich gave , I might add that permanent policies can pay out when the policy matures or endows . That is when the cash value of the policy equals the face amount of the policy . Also , ROP -LRB- return of premium -RRB- policies can pay back all the premiums paid in , usually when a term policy ends . |
I have been covered under automobile insurance with the same company for years, i'm changing companies and i've already provided the declaration page to my new insurance company but they stated they need proof of coverage faxed to them. What else could I send | They might be looking for evidence of insurance . This is a form provided by your new insurance company . They might be looking for the Insurance ID cards provided with your policy . They might be trying to be difficult , in which case your state insurance commissioner would be someone interested in your plight . |
Does Geico Offer Disability Insurance? | No , Geico does not offer Disability Insurance . To obtain a Disability Insurance quote , contact a Life Insurance or Disability Insurance office or website that can shop several companies to find your best quote . Long Term Disability Insurance is offered through a number of companies , and these agencies can help you find the one that has your most affordable option . |
How To Get A Life Insurance Policy On Someone Else? | In order to purchase life insurance on another party , there are a few things that must happen first . One is there must be an insurable interest . This means that you must sustain a financial loss of income or debt in order to have an insurable interest . Second , the person must be willing to take out the life insurance policy . You may be the owner and payer but they will be the insured . They must go through underwriting for health , life style , income , etc. . |
What Are Some Functions Of Life Insurance? | The main function of Life Insurance is to protect your family and loved ones in case of your death . If you were to die , any debts that you owe , as well as the costs associated with your funeral , could be passed to your family and loved ones . Life Insurance may not keep some of these debts from passing to them , but it would certainlylessen the amount owed . Life Insurance can also be used as a savings and investment vehicle . Certain life insurance policies are tied to investment accounts and market indexes , which allows the policy to grow . These policies still have a face value , but they also will build a cash value . This cash value can be used as a loan from the policy , or they can simply be used to increase the amount of payout at the time of payment . |
Why Was My Health Insurance Application Denied? | If you applied for Health Insurance and your application was denied , the company you applied to will have to give you a reason why it was denied . They should mail you a letter stating a reason . Since the Affordable Care Act was passed you can not be denied based on your health history , so as long as you are providing truthful , relevant info on the app , getting health insurance should be easy . |
Why Have Health Insurance Premiums Increased? | That is a great question . The simple answer ? Because the costs of health care are rising , as are the costs of insuring an increasingly aging population . We have nearly 10,000 people a day turning 65 , and oftenas they age , they have more health issues . Our population is also increasingly overweight , and suffering from the effects of that . There are a lot more reasons , but those are the best few . Want to discuss more ? feel free to contact me . Thank you for asking ! |
Who Pays First Medicare Or Medigap? | Medicare will pay your claim first and will pay only the Medicare approved amount . Your Medigap Plan will pay second . Depending on which Medigap Plan you have will determine if you are responsible for paying any deductibles , co-insurance or co-payments not covered by Original Medicare . If you have any questions regarding your specific situation , please feel free to contact me . |
How Does Health Insurance For Newborns Work? | If a group health plan , health insurance company , or health maintenance organization -LRB- HMO -RRB- provides maternity benefits , it may not restrict benefits for a hospital stay in connection with childbirth to less than 48 hours following a vaginal delivery or 96 hours following a delivery by cesarean section.You can not be required to obtain preauthorization from your plan in order for your 48-hour or 96-hour stay to be covered . -LRB- However , certain requirements that you give notice to the plan of the pregnancy or the childbirth may apply . -RRB- The law allows you and your baby to be released earlier than these time periods only if the attending provider decides , after consulting with you , that you or your baby can be discharged earlier.In any case , the attending provider can not receive incentives or disincentives to discharge you or your child earlier than 48 hours -LRB- or 96 hours -RRB- . If your state has a law that provides similar hospital stay protections and your plan offers coverage through an insurance policy or HMO , then you may be protected under state law rather than under the Newborns and Mothers Health Protection Act . Health insurance policies will generally cover a new born as long as you enroll your newborn within 30 days of birth . Coverage should be effective as of your babys birth date , just remember , you should enroll your baby within 30 days of the date of birth.Contact your health plan or your spouses health plan as soon as possible to find out how to enroll your new baby in group health plan coverage . |
Does Medicare Pay For Urgent Care? | Generally Medicare does cover urgently needed care . However , without knowing the specifics of your treatment I can not give you a definitive answer . There are many different circumstances that will determine what treatments medicare will cover and what they wont cover . The best way to find out if a procedure will be covered is to contact medicare directly at 800-medicare or online at www.medicare.gov . |
Can You Cancel A Auto Insurance Claim? | You do n't really cancel an auto insurance claim . However , you can withdraw the claim . If an investigation has begun , it is possible that it will be completed to its conclusion . If there was damage to other property or persons , your insurer will pay any obligation that it is legally bound to pay , even if you request the claim be stopped . |
What Is A Good Age To Buy Long Term Care Insurance? | A good age to buy long-term care insurance is when you are in a good financial position and have some extra disposable income . Also , if your health is good , you 'll save thousands of dollars -LRB- potentially -RRB- in premiums . Need specific numbers ? How about between 35-50 ? As an experienced broker , that 's my best estimate . But yes , as I have stated many times , an experienced FULL-TIME broker is a great resource for this information . |
What Is Health And Disability Insurance? | Health insurance is designed to pay providers for medical services . Disability insurance was created to pay the insured the benefit amount in the event of a qualifying disability . Disability income insurance comes in two forms : Short term disability Long term disability Short term is just what it sounds like and is inexpensive to pick up . Long term DI can cost significantly more due to the risk the carrier takes on to cover the insured for a longer period . |
How To Code Flu Vaccine For Medicare? | To code the flu vaccine for Medicare you must specify which of the 5 vaccines were given : Q2035 Afluria Vaccine -LRB- split virus , intramuscular injection -RRB- Q2036 Flulaval Vaccine -LRB- split virus , intramuscular injection -RRB- Q2037 Fluvirin Vaccine -LRB- split virus , intramuscular injection -RRB- Q2038 Fluzone Vaccine -LRB- split virus , intramuscular injection -RRB- Q2039 NOS Not Otherwise Specified Vaccine -LRB- split virus , intramuscular injection -RRB- You must still use HCPCS code G0008 for administration of the influenza virus vaccine . |
Is Long Term Health Insurance A Good Idea? | Long-term care insurance is probably not a great choice for the very wealthy or the very poor . The very wealthy can self-insure and the very poor would be strapped by the premiums . But for most of middle America , the very reail probability of needing long-term care at some point in their lives , and the very high cost of that care warrants very serious consideration of having a plan of long-term care a part of their portfolio . Medicare pays very little of the cost . Medicaid pays none of the cost if you have assets . And the stresses placed on family to provide that care when it ca n't be paid for are devastating . Talk to a long-term care insurance professional . And check out `` A Shopper 's Guide to Long-Term Care Insurance '' at WEBSITELINK |
Is hypnotherapy to control urinary incontinence from radiation treatment medicare covered? | Hypnotherapy would not be covered by Medicare to help control urinary incontinence . There maybe some mental health issues where Medicare will pay some of the cost for hypnotherapy but I do n't believe it will cover any of the cost for the problem you are having . |
How Does Auto Insurance Work? | That is a great question ! Auto insurance is designed to protect you from a number of potential risks . Every driver is expected to have insurance before getting behind the wheel , and the penalties for not doing so are pretty stiff . The costs of the policies can vary widely , based on the coverage package and the amount of deductible that you choose . Thanks for asking ! |
Do I Need Private Disability Insurance If I Have A Group Plan Through Work? | I personally dont think anyone should settle for a group plan through their employer . An individual contract is portable and will follow you to any future position you take . If you get sick or injured while on your group plan , and one day decide to change jobs , it will be much harder to get coverage . And unlike the coverage a group plan offers , private disability insurance benefits are tax fee ! With private DI , you can receive 70-80 % of your take home pay , as opposed to group plans that typically offer 42 % after taxes . Also , individual plans offer extra features like future increase options , partial disability or cost of living adjustments . |
Where Can I Find Car Insurance Quotes? | Step out the front door and holler I WILL BUY INSURANCE ! Actually , you do not have to go outside you can look in yellow pages , newspaper , daily bargin papers , internet or go to an agents office . If you or a good friend knows a trustworthy agent who will advise you about coverages go see the person . When there is a question about service or claims then you have a enabler to help you . Good luck on the rest ! |
What Life Insurance Policy Pays Dividends? | Paying life insurance dividends can be paid on any type of policy from any participating life insurance carrier . The most common companies that pay dividends are called mutual insurance companies . Some of the more common names of mutual insurance companies are State Farm , NY Life and Northwestern Mutual . Mutual insurance companies consider the policyholders part owners of the company and share a portion of the profits as dividends . You may or may not receive a benefit based on the year 's profits . You may find mutual company premiums a bit more expensive than none mutual companies with an expectation of paying their dividends . When purchasing a life insurance policy you should find the best product at the best price to cover your unique situation , not on who pays a dividend or not . |
When Is Disability Insurance Worth It? | when is disability insurance worth it ? When you have something to lose . Insurance of any type is simply protection from loss . If you have passive income at a level high enough to maintain the lifestyle you want , then no , probably disability insurance is not for you . However , if your lifestyle depends on your income , and you have nothing without your income , would n't insuring your paycheck be a good idea ? |
How To Sue Someone With No Auto Insurance? | While this isnt a legal corner you can probably approach this in one of two ways . You can file a claim with your insurance carrier , particularly if you have comprehensive and collision coverage . They will settle your claim and then pursue the other party . The other way would be to hire an attorney and file a lawsuit . Perhaps it could be handled in small claims but being without insurance doesnt absolve the other driver from responsibility . |
Can I Change From Medicare Advantage To Medigap? | Yes , you can change from Medicare Advantage to Medigap . You must first disenroll from your Medicare Advantage Plan and switch back to original Medicare . If you joined a Medicare Advantage plan when you first signed up for Medicare and are changing to Medigap within 12 months , you can choose from any Medigap policy . If you had a Medigap policy , switched to Medicare Advantage , and decided within 12 months to go back to Medigap , you can get your old policy back if it is still available . However , it will no longer have the prescription drug coverage . You may be able to get that from Medicare Part D. |
What Is The Biggest Car Insurance Company In Us? | The biggest car insurance company in the US is State Farm , followed by Allstate and Berkshire Hathaway Insurance Group . Progressive , Farmers and USAA are also very large companies . In your particular state , you may find other insurers to be more popular ; such as Erie , Travelers or Geico . As experienced brokers , our job is to compare and find the lowest rates available in your area and present you with the best options for your specific vehicles . |
Does Life Insurance Pay For Death By Natural Causes? | Life insurance benefits are paid whenever an insured dies during the period of time that the policy is in force . There is exclusion against suicide in the first couple of years and there are times when the company might contest a claim based upon misrepresentation but that would rarely be affected by someone dying of natural causes . |
How Can I Get Long Term Care Insurance Online In New York? | To get Long Term Care Insurance online in New York , go to a Long Term Care , Life Insurance , or Health Insurance website that sells Long Term Care Insurance from a variety of carriers . You can call them and they will walk you through the process of applying . |
What Does Life Insurance Test For? | When applying for most medically underwritten life policies , an applicant can expect to have a blood profile and urinalysis ordered as well as vital signs taken by a parmedical examiner . The lab tests look at body chemistry . There are lots of chemical names and acronyms such as glucose , albumin , protein , cholesterol , liver enzymes , HIV , GGTP , PSA , BUN , nicotine , drugs and so on . The tests continue to evolve over time and can vary in some cases by insurance company based on age and amount . A life insurance underwriter is looking for abnormal results which , on their own may not mean much but when compared with additional information collected such as medical history , readings for blood pressure , etc. , it helps them assess mortality risk . |
Is Long Term Disability Insurance Worth The Cost? | Every product purchase has a value proposition to assess . Disability insurance is no exception . Disability insurance is paycheck protection . Most American workers have 90 days in cash reserves . The odds are you will be disabled once in your working career . Depending upon your age , gender , smoking status , health history , etc. , is 3 to 5 % of your compensation worth it ? |
At What Age Can You Go On Medicare? | You can go on Medicare at age 65 . If you have been disabled for two years you can go on Medicare at that time , regardless of your age . You may be able to go on Medicare prior to age 65 if you have end stage renal disease or have Lou Gherig 's disease , under certain conditions . |
What Is The Best Life Insurance In The USA? | what is the best life insurance in the USA ? The one that is in force when needed . That 's the best policy because it is in force and will pay your claim . What could be better than that ? There is no single `` best '' because there is no single need . Best can be many things because there are many people and many needs . |
What You Need To Know About Variable Annuities? | In Canada , variable annuities are typically called segregated funds -LRB- the funds are segregated or separate from the other assets of the insurance company -RRB- . With payout variable annuities all or a portion of the income received depends on the performance of the funds chosen . A deferred or accumulation annuity -LRB- segregated fund -RRB- is similar to a mutual fund were the value depends on the performance of the funds you have chosen and your money is a risk . Since segregated funds are issued by insurance companies they contain death benefit and maturity guarantees . Some offer resets so you can lock in gains . Your advisor will be required to give you with an information folder prior to purchase to provide you with complete disclosure . You will find additional information on my website www.jpw.ca 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 . |
Is Health Insurance Mandatory In Florida? | Yes , health insurance is mandatory in the state of Florida or risk paying a fine . The affordable care act states that by January 1 , 2014 people are required to have health insurance or pay a fine . This rule is not just for Florida but for all states . An independent insurance agent should be able to show you plans from most of the major carriers and help you pick that plan that fits your needs . Several independent agencies -LRB- like ours -RRB- have a website that people can instantly compare health insurance plans online and then ask questions to experienced licensed agents over the phone . |
Can I Get Health Insurance For A Few Months? | You can buy health insurance for a few months . You can also buy coverage for one month . Short-term health insurance plans are ideal for individuals or families that only need coverage for a short period of time . Rates are extremely inexpensive and applications are often approved within 24-36 hours . If you are between jobs , laid off , a graduating student , waiting for Medicare benefits to begin or a seasonal worker , a temporary policy may be worth considering . You can purchase the plans easily online from reputable websites or directly through a broker . |
What Is Voluntary AD&D Life Insurance? | That is a great question ! AD&D , or Accidental Death & Dismemberment is a type of policy that covers a very specific type of injury and death . Many people will purchase it , thinking that it will provide adequate insurance in the event of one 's death . And it will , IF the death is the result of an accident . If it has to do with a sickness , disease or health issue like a stroke or heart attack , it provides no coverage at all , in nearly every case . It is a great , low cost way to protect against disability due to an accidental injury , and to supplement life insurance coverage , but I absolutely do not recommend it as a stand alone policy for life insurance . If you would like more information , please contact me , I 'd be happy to set aside some time to talk to you privately about this . Thank you for asking ! |
Which Retirement Annuity Is The Best? | There are three types of crediting methods for tax deferred annuities : fixed interest rates , indices and separate subaccounts . Product suitability and selection is determined by your financial profile , risk tolerance and money goals . Once you determine these critical components as an annuity purchaser , you can select the best annuity suited for you . |
Does Life Insurance Payout Get Taxed? | In most cases , life insurance proceeds are received income tax free . If the proceeds are payable due to the policy endowing -LRB- or maturing -RRB- the gain -LRB- proceeds less premium paid -RRB- may be taxable . Life insurance policies owned by an individual with proceeds payable to the estate of the owner may be subject to federal and / or state estate taxes . Proceeds payable on a viaticized life insurance policy also may be subject to income taxes . |
Am I Liable If Someone Gets Hurt In My Timeshare? | That is a great question ! The short answer is it depends . If I assume correctly that this is a points based timeshare arrangement , one of those `` vacation club '' kind of things , then it typically falls upon the resort management 's policy . But if you 've traded , sold or otherwise allowed someone else into your space on your time , then you may possibly be liable , depending upon the terms of the contract that you signed . If this is a property that you are an owner of for a specific number of years , then the liability issues may be more yours than the true property owners . Again , it will depend entirely on the policy exclusions that were in the contract you signed at purchase . If you own the property , most likely it 's you . My recommendation is to take a look at your contract and see , and if you can not find it , contact the company and have them send you a copy . You will have a better idea where you stand after looking at the terms . Good luck , and thank you for asking ! |
Why Buy Medicare Supplemental Insurance? | Medicare is not meant to cover all charges and if you rely on Medicare alone you can have a lot of out of pocket expenses . Medicare has large deductibles and copay 's for hospital stays . There are annual deductibles for outpatient and doctor visits . Without a supplement you could owe thousands . |
How To Calculate Long Term Care Insurance? | Long term care insurance is a morbidity product that is underwritten on the basis on medical and behavioral information . Medical information is based on your gender , age , smoking status , health history and current medical condition . Behavioral information is based on motor vehicle records , vocational and recreational hazards . |
Who Has The Best Long Term Care Insurance? | It is hard to say who has the best long term care insurance because each company has its own special features . What may be best for one person may not be best for another . In reality , less companies are carrying long term care insurance than in the past , and it is not hard to compare the features of 3 to 5 companies to see which has the best policy for you . |
Is There A Minimum Percentage Of Premiums That Disability Carriers Have To Pay Out For Claims? | Yes , across the country most , if not all , departments of insurance regulators require a minimum percentage of the premiums to be paid back to the policy holders . Depending on the state , the average requirement is between 60 % and 65 % . Generally , what you will see is the actual claims results increasing this percentage during periods of recession as many policy holders are inclined to go out on claim as a result of diminishing employment opportunities . |
Who Qualifies For AARP Health Insurance? | AARP insurance is uusally associated with indiviuuals that are turning 65 or have already been on Medicare . AARP is part of United Health Insurance Company which also owns GoldenRule Insurance company thATwrites individual health insurance policies . UHC also owns a special needs company , Care Improvement Plus , whick writes `` special needs policies for individauls with heart conditiun , diabetes , COPD . If you have any pre-exisating conditions and have not applied for social security disablity please do so because no matter what yujr age is once you have drawn social security disability for 24 months you call qualify for Medicare . If you need health insurance/nedicare you should certainly speak with your nearest UHC agent |
Is A Gym Membership Covered By Medicare? | Unfortunately , gym memberships are not covered by Medicare because they are not considered a medically necessary expense . However , there are some Medicare Advantage plans that can have some wellness programs and gym privileges covered . You would need to review each plan to find out if it provides that type of benefit in your area . |
Does State Farm Sell Disability Insurance? | State Farm lists three types of Disability Insurance on their website : Disability Income Insurance , Mortgage Disability Income Insurance , and Individual Credit Disability Income Insurance . The Disability Income Insurance provides payments to the insured during a period of disability so that they can pay for an incurred expenses . State Farm also sells Group Long Term Disability Insurance . |
Does Life Insurance Pay For Accidental Death? | Life insurance generally pays out death proceeds to the policy beneficiary at the death of the policy insured , no matter what the cause of death is.The exception is suicide during the first two years of the contract known as the contestability period and fraud resulting from misstatements or omissions . |
What Does A Million Dollar Life Insurance Cost? | The cost for a million dollar life policy is really not the factor or question in most cases well there would be many questions to ask first one would be are you insurable for that face value and for what purpose or needs you have for this amount . Second would you need a single premium because you have acquired a million dollars and you are looking to invest in a safe tax free invest we can look further in to this see my profile and contact me button for a free consultation . |