About Experts Sitemap - Group 33 - Page 2 2014-08-19

Life & Health Insurance: Positive ID for Life Insurance, life insurance policy, life insurance companies
life insurance policy, life insurance companies, death official: Dear Jo, A lot depends on the circumstances of his death. Because we are aware of the fraudulent claims of accidental death, it is reasonable for insurance companies to be cautious. Generally, companies will pay when it becomes obvious that the insured...

Life & Health Insurance: REGARDING ICICI PRUDENTIAL LIFE INSURANCE......, prudential life insurance, life insurance policy
prudential life insurance, life insurance policy, icici prudential: Start by calling the Prudential agency and giving them your policy number. If you do not get a response, I am not sure how this would be pursued outside the U.S. Perhaps a representative in your state can direct you on how to lodge a complaint with the insurance...

Life & Health Insurance: SINGLE PREMIUM LIFE, modified endowment contract, life insurance policy
modified endowment contract, life insurance policy, single premium life insurance: Dear Susan, The Federal government has defined any life insurance policy guaranteed paid up in less than seven years as a Modified Endowment Contract. This means that should you tap the equity in a single premium policy before age 59 1/2 you will pay a...

Life & Health Insurance: Student loans and protecting your cosigner with insurance, life insurance policy, household expenses
life insurance policy, household expenses, lifetime income: Dear Deb, I like the way you think. At her age the actual cost of the Death Benefit is minimal. Having these costs buried in some form of Permanent Whole Life makes sense. If you can afford to set aside approximately $60 per month till she is ready to...

Life & Health Insurance: Surrender policy with loan, surrender policy, close approximation
surrender policy, close approximation, variable universal life: As long as the VUL is over 15 years old, there should be no traps. If less than 15 years have passed, there could be a taxable boot . Assuming the former, I would suggest that you first reduce the Face Amount to the amount of insurance you want to keep...

Life & Health Insurance: Whole life insurance, whole life insurance, term life insurance policy
whole life insurance, term life insurance policy, term life insurance: Jess, It s difficult to answer the question without a lot of additional information. However, here s are two points to consider when thinking of whole life insurance. First, no one that I know of over the age of 65 wishes they hadn t purchased whole...

Life & Health Insurance: Beneficiary - Employer Group Life Insurance, group life insurance, state insurance department
group life insurance, state insurance department, term life insurance: Pina, I don t know the laws specific to California in regards to group life insurance. I do know most community property states require the spouse to sign the consent form to not name them. While it s more of a legal question than insurance question,...

Life & Health Insurance: EIUL, Indexed Universal Life
Indexed Universal Life: Interesting points, and in my opinion, valid. FIFO withdrawal treatment is of course not unique to EIUL. Actually the thing that intrigues me most is the option to have a lapse protection rider that many VUL s don t have. Also, a lower expense picture than...

Life & Health Insurance: EIUL, whole life insurance, roth ira
whole life insurance, roth ira, investment tool: It sounds like you would be better off purchasing the least amount of FACE VALUE that the policy allows, due to you EIUL purpose....using it as an investment tool. I have purchased UL in my twenties, but added term in my thirties,and forties. Each term was...

Life & Health Insurance: finding polies, bankers life casualty, military marketing
bankers life casualty, military marketing, lincoln national: Dear Cathy, Do you mean Rio Grande National Life? Even if not, it still might be the same company. Below is part of an answer I gave in April 2007: If the policy was part of a military marketing group, it was ceded to Bankers Life & Casualty in 1967....

Life & Health Insurance: Gerber Life Insurance, risk investment, additional insurance
risk investment, additional insurance, life habits: Jessica Hello! Are you referring to the GrowUp Plan? If so, the premiums paid until the child is age 25, when the cash value equals the premiums paid into the policy, according to their website, will have provided the insurance company with 25 years...

Life & Health Insurance: is it haram?, marriage in islam, prophet peace
marriage in islam, prophet peace, interfaith marriage: Dear Collene: I am a Life & Health Insurance Expert... ... ... not a clergy, mufti or religious fundamentalist mulla. However, since you have referred a very important question, thus I take an interest to share my knowledge with you. Our Prophet...

Life & Health Insurance: health insurence training, CAREER WITH LIFE INSURANCE COMPANY
CAREER WITH LIFE INSURANCE COMPANY: Dear Anil: If you wanted the Panel of the Insurance Company as Homeopathic Medical Practitioner, you may approach to the Medical Department of any Insurance Company, submit your C.V. and if approved, you may start your career as a Homeopathic Medical Practitioner....

Life & Health Insurance: Life Insurance, Inherited policies, lost life insurance policies
Inherited policies, lost life insurance policies: If grandpa didn t name a successor owner, the policy passes into his estate and would be owned by whomever the executor determined to be the rightful heir. If paid up the policy can still be in force and pay out when your mother dies. The Medical Information...

Life & Health Insurance: Life Insurance Beneficiary, life insurance beneficiary, us army
life insurance beneficiary, us army, insurance policy: I am not aware of any public method to find an insurance policy, however I am aware of a for-pay version that claims to be able to do this. I do not know anything about it from personal experience and do not endorse or discourage you from using it.......

Life & Health Insurance: Life Insurance Forgery, insurance paperwork, younger siblings
insurance paperwork, younger siblings, burial expenses: Dear Todd, I am not a lawyer, but I feel for your loss of a sister as well as your mother. It appears that she is acting according to her true character, in which case you will have gained nothing by giving in to her selfishness. Unless she has a change...

Life & Health Insurance: life insurance, stay at home moms, life insurance industry
stay at home moms, life insurance industry, life insurance companies: Dear Michelle, The life insurance industry, just as every other field of endeavor, has some parties that do not have the best motives. However the greater percentage of life insurance companies, including American General, strive to serve their clientele...

Life & Health Insurance: life insurance, stay at home moms, eggs in one basket
stay at home moms, eggs in one basket, t pay: Hi Michelle, There is many different parts to your question and the answer is going to be quite long but here goes. First of all it is great that you are 100% honest on the application but do not worry if the information is not exactly right. Generally...

Life & Health Insurance: low carb diet, life insurance policy, low carb diet
life insurance policy, low carb diet, lean beef: Dear Joanne: Your question pertains two part. One belongs to the consequent upon the result of using low carb diet. In this connection, please consult with a good doctor. As far as trying for a new policy or improving the premium rate for an old policy,...

Life & Health Insurance: low carb diet, life insurance policy, low carb diet
life insurance policy, low carb diet, lean beef: Joanne, The insurance company is not so concerned about the diet, but they are concerned about weight volatility. One of the questions is whether his weight has changed during the last 12 months and why. Always remember that it doesn t really hurt to...

Life & Health Insurance: Maternity coverage, americanpregnancy org, health insurance policy
americanpregnancy org, health insurance policy, individual health insurance: Kristy Good morning! If you are not currently pregnant, find an individual health insurance policy that you can afford now, before you conceive. Maternity is either very expensive to cover ($6,000 to $8,000) or not covered by insurance companies these...

Life & Health Insurance: Maternity coverage, family health plan, maternity coverage
family health plan, maternity coverage, mccollough: Hi Kristy, I recommend that you obtain a family health plan with maternity coverage or negotiate with a local hospital to help reduce your costs. Having a baby costs about $5000-$15000 on average, but it s the unknown possible complications that can get...

Life & Health Insurance: Maternity coverage, arizona, health
arizona, health, insurance: Kristy: In Arizona, (and likely applies in your state,) it is recommended that those having a baby in the future purchase a high deductible HSA, (health savings account,) qualified PPO. In addition, it s recommended that you purchase a maternity package...

Life & Health Insurance: medical insurance coverage, medical insurance coverage, state department of insurance
medical insurance coverage, state department of insurance, malignant cancer: Rosa (see follow-up at bottom) Good morning! I will be happy to help. First of all, many states are changing their state laws regarding when a dependent will age out of their parents insurance plan. For instance, Illinois recently changed their...

Life & Health Insurance: Whole life insurance, whole life insurance, death benefit
whole life insurance, death benefit, surrender value: Well, the good news is that she s lived a happy, healthy life. In many whole life policies where you ve paid into them for so long, the death benefit starts to increase as the cash value approaches this. You may want to check to see if she currently has...

Life & Health Insurance: beneficiary of life insurance, home owners insurance, social security number
home owners insurance, social security number, lutcf: Dear Michelle, Policies have to be paid for, so one source of information would be his checking account history. Also, any policy of significant size would have involved a request for medical information. This request would have been noted in his medical...

Life & Health Insurance: Cutting Down Debt, roth ira advisor, life insurance agent
roth ira advisor, life insurance agent, life insurance policy: Thanks for your question, sounds like you ve been doing quite a bit of consultation on this. My feedback is this: It SEEMS from what you ve described as though your need for protection coverage (a death benefit to be paid to someone upon your death to...

Life & Health Insurance: health, money back guarantee, stop smoking clinic
money back guarantee, stop smoking clinic, 25 reasons: I m not a psychologist, but I have some training in behaviorism and have learned something about stopping. First, don t try to stop alone. Get as many people on your stop smoking team as you can. Your doctor should be on it, but also people who care about...

Life & Health Insurance: health insurance cost, arizona health insurance, health insurance broker
arizona health insurance, health insurance broker, individual health insurance: Thomas: It is hard to imagine that an insuror is charging you $3000 a month for individual health insurance coverage, and you are the only one on the policy. Is this the case? If so, each state has different laws regarding what an insuror may charge. In...

Life & Health Insurance: Life Insurance Beneficiary in California, life insurance beneficiary, life insurance policy
life insurance beneficiary, life insurance policy, state of california: Rita, The specific difference is that this policy is provided by the company and most states have laws that require the beneficiary to be your spouse. Your 401k is the same. However, it is possible to not list your spouse, by having your spouse sign....

Life & Health Insurance: Life Insurance Beneficiary not a relative, life insurance beneficiary, life insurance policy
life insurance beneficiary, life insurance policy, lutcf: Dear Diane, Since the former girl friend appears to be the beneficiary of your brother s policy, she is under no obligation pay for any of your expenses. However, before you have the company pay her the proceeds, check with the company to see whether there...

Life & Health Insurance: Life Insurance beneficiaries, life insurance beneficiaries, insurance fraud
life insurance beneficiaries, insurance fraud, personal representative: The way the beneficiaries are listed in the policy or in a letter or a form later filled out and signed by the owner of the policy is the way the money will paid out period. You should request that the company send you a photocopy of the beneficary names...

Life & Health Insurance: Life insurance payouts taxable, life insurance policies, inheritance tax
life insurance policies, inheritance tax, funeral expenses: Hi Eileen, I am sorry to hear about the passing of your mother. I know how it can be a very stressful time and a lot to do. There is a couple of ways that the insurance monies become taxable. If the premiums were paid with pre-tax money then the death...

Life & Health Insurance: my mothers death, greedy person, luck mike
greedy person, luck mike, death bed: I m sorry but I don t know of a way to find out private information such as if another person has an insurance policy out on another person. Even though it is your sister and mother involved, if the policy in question was taken out by your sister on your...

Life & Health Insurance: PREEXISTING TORN ACL, student insurance plan, north carolina wesleyan university
student insurance plan, north carolina wesleyan university, north carolina wesleyan: Hi Edwin, Since the current student insurance plan he has only covers accidents during the football season I don t see the insurance carrier paying anything. Without being able to read the insurance policy, which your brother should have (I hope), I cannot...

Life & Health Insurance: Responsibility for a medical bill when on my father's health insurance, debt collection agency, medical bill
debt collection agency, medical bill, x rays: Hi Laura, Did you have insurance when you lived with your father and were you on his plan or your own? If you were on his own plan then he should be legally responsible for the charges. If he signed the documents acknowledging that he s liable for the...

Life & Health Insurance: ssd and life insurance, life insurance policies, whole life insurance
life insurance policies, whole life insurance, insurance question: Tia, Oh no, that s yours. It is a benefit you receive from the US Gov. as long as you are disabled. It never needs to be repaid, nor are you ever asked for it to be repaid. The only time it is an issue is if the payments are received fraudulently -...

Life & Health Insurance: Whole Life Insurance, whole life insurance, life insurance policy
whole life insurance, life insurance policy, dear christine: Dear Christine, This is a very good offer. I just did a comparison with a company that provides 25% first year, 50% second year, 100% third year and beyond, with full benefit in the event of accidental death; and its monthly premium is $65.37. Willard...

Life & Health Insurance: 2 life insurance different company claims, sheikh saeed, maturity date
sheikh saeed, maturity date, different company: Dear Ganesh Babu: Thank you for referring the question(s). Aye! you can claim the sum insurance from both the companies. Even if you have 2 or more policies from same company, yet the company is liable to pay you sum insured against each policy subject...

Life & Health Insurance: Billing System, arizona health insurance, health insurance broker
arizona health insurance, health insurance broker, medical insurance company: It is your responsibility to pay any medical bills, whether you have insurance or not. Most physician s offices collect from the insurance companies as a courtesy to you, but ultimately it is you that is responsible for the bill. That being said, if I were...

Life & Health Insurance: cash value life insurance question, whole life insurance, cash value life insurance
whole life insurance, cash value life insurance, insurance question: Dear Deb, It looks like your cash value is about twice what was paid in. If you were to simply cash out the policy, you would be paying income tax on the gain. And, depending when this policy was taken out, there could be a 10% Federal Premature Distribution...

Life & Health Insurance: EIUL insurance policy, mike feinberg, index portion
mike feinberg, index portion, death benefit: I would indeed probably suggest that you do look at a 30 year term policy (if you d like, I can help you procure the cheapest/best available one for sure) and with the difference of what you re currently paying and what you will end up paying, invest that...

Life & Health Insurance: Individual health insurance vs. health care card, heath insurance, insurance
Life & Health Insurance: Individual health insurance vs. health care card, heath insurance, insurance

Life & Health Insurance: Life Settlement, life insurance policies, sole intention
Life & Health Insurance: Life Settlement, life insurance policies, sole intention, wet paper

Life & Health Insurance: medical billing dispute, commercial health insurance, health insurance provider
Life & Health Insurance: medical billing dispute, commercial health insurance, health insurance provider, time services

Life & Health Insurance: Health Insurance, personal health insurance, blue cross blue shield
personal health insurance, blue cross blue shield, insurance llc: Each state has their own laws, but generally speaking, no, you are at no more risk of being canceled with a personal plan as opposed to a group plan. In Arizona, like most states, premiums for individual family plans are based on age/sex/location, not health....

Life & Health Insurance: Health Insurance, secondary insurance, primary insurance
secondary insurance, primary insurance, accident policy: Hi Toni, The secondary insurance carrier is only required to pay their portion per the Certificate of Coverage of your plan. Due to the fact that I do not have access to that information it s impossible for me to tell you what the insurance carrier will...

Life & Health Insurance: Individual health insurance vs. health care card, major insurance companies, individual health insurance
major insurance companies, individual health insurance, health care card: Hi Kay, Sorry to hear about the problems you are having trying to find coverage. As you have found out it can be difficult trying to obtain coverage with a pre-existing condition but not impossible. My advice is going to be a general because I don t...

Life & Health Insurance: Interest paid on a whole life product, whole life, life insurance
whole life, life insurance, interest rate: In Panama where I sell insurance right now it is 4.5% guaranteed and up to 6% proyected. As the market rates drop so does it for life insurance so get it when the rates are up. The rates are droping here so they are going to drop for life. I honestly...

Life & Health Insurance: Life Insurace, life insurance beneficiary, group life insurance
life insurance beneficiary, group life insurance, life insurance agent: Hello Kristen, Without seeing the application it sounds like you re purchasing a group life insurance policy. Normally the 1x, 2x, etc. sections represent how much insurance you want to obtain. For example, 2x pay of a $40,000 annual salary would mean...

Life & Health Insurance: Life Insurance, purchase life insurance, niece and nephew
purchase life insurance, niece and nephew, dave bowman: Sure. The main restriction on purchasing life insurance is insurable interest - is there a relationship between the owner of the policy and the person whose life is being insured. Usually, the owner and the insured are one and the same so this isn t an issue....

Life & Health Insurance: Life Insurance Policy, life insurance policy, legal aid society
life insurance policy, legal aid society, divorce decree: This is NOT my area of expertise so you should ask your lawyer, however I have the exact same situation in my divorce so I ll just friend to friend tell me my take on it. And also my lawyer s view on it. You really don t need to check to see if he has...

Life & Health Insurance: Life Settlement, mr moneybags, life insurance policy
mr moneybags, life insurance policy, life insurance policies: I am not that familiar with life settlements, but I did find the following article doing a google search for wet paper life settlement . Please keep in mind that what follows was found online and I have no personal input in the subject matter. Hope this...

Life & Health Insurance: life/funeral insurances, metastic lung cancer, issue life insurance
metastic lung cancer, issue life insurance, google search: I m sorry to hear of your difficulty and while there are plans available with no questions asked, many of them have a 2-3 year waiting period where only a refund of premiums is payable if death occurs in the first 2-3 years after taking out the policy...

Life & Health Insurance: life insurance and implacations, life insurance trust, life insurance agent
life insurance trust, life insurance agent, irrevocable life insurance trust: Dear Lisa, The rule concerning gifts is that the recipient is free to do whatever he wants with that gift. Under the Crummey condition, regarding gifts to an Irrevocable Life Insurance Trust, that means the beneficiary of the gift has 30 days to do something...

Life & Health Insurance: medical billing dispute, ambulatory surgery center, balance billing
ambulatory surgery center, balance billing, billing dispute: Hi Eleanor, Let me start off by saying that I m sorry you have had to experience the effects of balance billing. I assume you re not on Medicare. In case you don t know what balance billing is let me explain. Doctors, hospitals, medical centers, etc....

Life & Health Insurance: pre-existing condition, group insurance policies, open enrollment period
group insurance policies, open enrollment period, life insurance policies: With end stange renal disease your husband would not qualify for life insurance on an individual basis. However, it may make sense to look for group insurance policies that he might be able to get into by virtue of membership in the group. Often, credit...

Life & Health Insurance: Is pregnancy consider a pre-existing condition in Nevada?, arizona health insurance, bcbs of alabama
arizona health insurance, bcbs of alabama, health insurance broker: It will be best to check with your new employers Human Resources representative to be sure the birth is covered. That being said, it is very likely that the birth will be covered by insurance, as will the doctor office visits. Insurors usually pay on a, ...

Life & Health Insurance: Re: HEALTH CARE AND VACATION, health care premium, employers view
health care premium, employers view, forty hours: James I do not understand your question. Are you stating from the employers view point of hiring a new employee. You do realize that I live in Panama - the country - and am certified in Panama to sell insurance. Please let me know if the question was...

Life & Health Insurance: Single male, life insurance policy, man in question
life insurance policy, man in question, group life: Hi Kristen, Being unmarried or married has no impact on a man s ability to purchase life insurance. The man in question either has a policy paid for through his employer or the employer offers a group life plan that employees can purchase. John (J.R.)...

Life & Health Insurance: Whole Life/ Suze Orman, whole life insurance, permanent life insurance
whole life insurance, permanent life insurance, liquid asset: That s an interesting question. I had not heard anything about her boss buying whole life insurance. But if Suzie is consistent - and I believe that she is - she would most likely be outraged. By the way, my 86-year old father owns over $100,000 of whole...

Life & Health Insurance: "Becoming Your Own Banker" Nelson Nash, accumulation account, life insurance broker
accumulation account, life insurance broker, accumulation value: Dear Ann, This is not a scam, but I think that you are putting the initial coverage on the wrong person. One of the incumbrances faced by this concept is Modified Endowment Contract limitations. To overcome this problem while funding the policy enough to...

Life & Health Insurance: What is the best way to get out of an EIUL policy, term life insurance, surrender charges
term life insurance, surrender charges, surrender value: Clarification: 1. I believe that one of the options in the EIUL is a traditional interest bearing accumulation fund. 2. No need to reduce the coverage. Just calculate the term premium by multiplying the annual mortality rates by the Face Amount per $1,000,...

Life & Health Insurance: cashing out whole life, life insurance policy, life insurance industry
life insurance policy, life insurance industry, permanent life insurance: The day that I first came into the life insurance industry I was shown a picture of a man receiving a check from New York Life for the full vaue of his life insurance policy. He was 95 years old, and that was as far as the policy would go. I thought, What...

Life & Health Insurance: copy of policy, life insurance policy, equitable policy
life insurance policy, equitable policy, dollar charge: Dear Richard, Your original Equitable policy should be all you need. If you have lost it, the $25.00 charge is pretty much the standard fee for getting a copy. As for your last question, I do not know if there is a law regarding this issue. Willard...

Life & Health Insurance: "Becoming Your Own Banker" Nelson Nash, death benefit, school car
Life & Health Insurance: "Becoming Your Own Banker" Nelson Nash, death benefit, school car, exact reasons

Life & Health Insurance: Rio Grande National Life Insurance Company, raton new mexico, garica
Life & Health Insurance: Rio Grande National Life Insurance Company, raton new mexico, garica, shirley ann

Life & Health Insurance: Health Insurance, peace corps volunteer, insurance agent
peace corps volunteer, insurance agent, insurance plans: Sorry for the delay. I think what yo are saying is that you developed a condition from being overseas that will limit your ability to get health coverage. The answer to that depends on may variables like what state you live in, what your condition is, your...

Life & Health Insurance: health insurance, health insurance companies, john goodman
health insurance companies, john goodman, insurance carrier: Hi Linda, I m not entirely sure what you mean by breaking even. I will need clarification as to what you mean. This is business economics 101. If you re referring to the length of time an insurance carrier takes to break even on the revenue vs. expenses...

Life & Health Insurance: health insurance emergency, health insurance coverage, friend christy
health insurance coverage, friend christy, small business owner: I apologize, the website is www.coverageforall.org Is she currently covered under a group or individual plan? If she has a group plan, has she been offered COBRA? The last thing she wants to do is to go without insurance in the middle of medical testing....

Life & Health Insurance: Insurance Policy owner passed away, necessary premiums, life insurance policy
necessary premiums, life insurance policy, executor of the estate: Cam, First, as long as the premiums are being paid or the cash value of the policy covers the necessary premiums, the policy will remain in force or valid. Transferring ownership of a policy is slightly different for each company. Generally, if the...

Life & Health Insurance: Lee Horner, loan originations, force policies
loan originations, force policies, capital security: What does your enterprise think of table rated cases? For example, we need $50 million of life coverage on a 78 year old gent that may come in at table F; any ideas? I ll pass your info on to our general agency. You can email me directly at steinway@azbar.org...

Life & Health Insurance: Life Insurance, life insurance policy, lutcf
life insurance policy, lutcf, brumbaugh: Dear Bart, I have never run into a situation like yours. I would have to know how the identity of the insured is determined. If she had been insured by name, it seems to me that the company should pay. Willard R. Brumbaugh, LUTCF CA License 037477...

Life & Health Insurance: Life & Mortgage Insurance, heart disease and diabetes, life insurance policy
heart disease and diabetes, life insurance policy, mortgage insurance: Dear Greg, In order to answer your questions, I need more information. 1. Your date of birth 2. State of residence 3. Height and weight 4. Type of cancer that you had 5. Family history of cancer, heart disease and diabetes 6. Amount of insurance...

Life & Health Insurance: life insurance, waiting period, insurance company
waiting period, insurance company, premiums: Monica, Sorry for the delay in responding. The best thing to do is to gather all of the information you can to show that the application was completed truthfully. I m assuming your aunt died of a disease, and not an accident. If it was an accident,...

Life & Health Insurance: lost life insurance policies, life insurance policies, life insurance policy
life insurance policies, life insurance policy, social security number: Dear Richard, If it was in fact Globe Life, if you submit your Social Security number or your father s as the applicant, they should be able to provide you with a duplicate policy. The phone number for Globe is 1 (866) 999-2343. Willard R. Brumbaugh,...

Life & Health Insurance: MARKETING, pre set appointments, telemarketing companies
pre set appointments, telemarketing companies, supplement programs: If you cvall the marketing department of the insurance companies you represetn, they can give you both list companies that they have worked with, and also companies that provide leads for Med Supps. They have a vested interest in you succeeding, opposed...

Life & Health Insurance: I'm way past homework!, dividend scale, homework question
dividend scale, homework question, no hard feelings: None whatsoever and I apologize as well. I m not sure you interpreted it wrong, I may be the one who interpreted it wrong. I also was having a rough night last night (4-year old son threw up on the car all over hundreds of dollars of new clothing and our...

Life & Health Insurance: private vs. employer provided health insurance, health savings account, copay plans
health savings account, copay plans, high deductible health plan: Hi John, Congratulations on the new job. I take it you don t have any children just yet judging from the prices you conveyed. Although the premiums you gave are in range, it sounds like you looked at the most benefit rich copay plans. If you haven t yet...

Life & Health Insurance: Rio Grande National Life Insurance Company, lincoln financial group, life insurance company
lincoln financial group, life insurance company, national life insurance: Dear NiCole, A year ago I learned that Rio Grande National had been acquired by Kentucky Central. The policies that were held by Kentucky Central were then turned over to Jefferson-Pilot and Liberty LIfe. JP phone# (336) 691-3000 LL phone# (864)...

Life & Health Insurance: RTA while personally insured but forgot to claim now ended, legitimate claim, insurance companies
legitimate claim, insurance companies, time limits: Insurance companies are bound by the time in which coverage existed and the claim event occurred. You have a legitimate claim....One provision you should be aware of is that sometimes insurance companies have time limits on claims. You need to contact them...

Life & Health Insurance: RTA while personally insured but forgot to claim now ended, insurance companies, citifinancial
insurance companies, citifinancial, time limit: I m guessing that RTA means return to activities. All insurance companies have a time limit on claims. The time limit is not necessarily bound by the term that the loan was in force. In the U.S. of A. the individual states set these limits. I don t have...

Life & Health Insurance: RTA while personally insured but forgot to claim now has ended, insurance brokers association, ppi compensation
insurance brokers association, ppi compensation, payment protection insurance: Hi Christopher, It is difficult to say for certain not having sight of the policy wording for the insurance, however it is common for insurers to specify that a claim against a policy must be brought to their attention within 90 days (unless exceptional...

Life & Health Insurance: re: mother's policy, beneficiary designation, elderly relatives
beneficiary designation, elderly relatives, customer service department: If you know the name of the insurance company, you can call their customer service department to see if there was a policy in force and let them know that you want to make a claim; until the proper beneficiary(ies) is/are paid, the money is still owed and...

Life & Health Insurance: Disablity insurance for children, disability income policies, disability insurance
disability income policies, disability insurance, high school sports: Disability insurance is designed to replace lost time, lost duties, or lost income. These all assume that the individual is employed and thus subject to these losses. The short answer is that there is no disability insurance for children until and unless...

Life & Health Insurance: Divorce&Life Insurance, life insurance policy, divorce papers
life insurance policy, divorce papers, divorce decree: Lynn, I m not sure about the state of Pennsylvania, but in many states a divorce stops all ties (including beneficiaries of life insurance). Generally, the only way for the ex-spouse to remain as the beneficiary of a life insurance policy is when the divorce...

Life & Health Insurance: Help with 2 questions, life insurance needs analysis steps
life insurance needs analysis steps: Hi John, You and your wife are smart to think about incorporating life insurance policies into your portfolio. It s always best to try and obtain insurance while your healthy and pray you never need to use it. There are two schools of thoughts when it comes...

Life & Health Insurance: Help with 2 questions, term life insurance, banner life
term life insurance, banner life, personal opinion: John, If you re in good health, you re probably looking at about $75/month. $1,000,000 is about the right amount, some will argue for more, some for less. My personal opinion is that Banner Life will have the best 30 term for you. Hope this helps...

Life & Health Insurance: Help with 2 questions, health insurance costs, life insurance broker
health insurance costs, life insurance broker, term life insurance: Hi John, First of all, congratulations on protecting your family with life insurance. You would be amazed at how many people have not taken the time for something so important. I also agree that term life insurance is the way to go. It will provide...

Life & Health Insurance: Help with 2 questions, heart disease cancer, term life insurance
heart disease cancer, term life insurance, cigar smoking: You are correct -- your options are plentiful, but the good news is that term life insurance is a pretty simple product so comparing a large number of plans is much easier than if you were comparing a more complex product like Long Term Care, disability insurance,...

Life & Health Insurance: Very high deductible health insurance, deductible health insurance, high deductible plans
deductible health insurance, high deductible plans, high deductible health insurance: Hi Brad, I have not seen any policies with the deductibles that you are looking for. But in all honesty I do not recommend a policy with that high of a deductible. What I find is that once you start getting into the truly high deductible plans of $5,000...

Life & Health Insurance: Life Insurance of deceased relative, life insurance carrier, life insurance policy
life insurance carrier, life insurance policy, social security number: Quintin, If you go to www.mib.com and click on consumer you will find a method for finding lost policies. I believe it costs about $75, but they will research hundreds of companies to find all the policies for a person by social security number. Hope...

Life & Health Insurance: Life insurance quotes, lutcf designation, life insurance quotes
lutcf designation, life insurance quotes, clu designation: Dear Tina, I strongly recommend that you contact a member of the National Association of Insurance and Financial Advisors, one that has either an LUTCF designation or a CLU designation. If you will give me your state and community (a zip code would help),...

Life & Health Insurance: Life insurance taking out on daughter, life insurance policy, legal recourse
life insurance policy, legal recourse, forward operation: Dear Nette, Thanks for getting bac regarding your query. To be sure, I ran the query past our life specialist in the office here, their reply was: Parents insuring their children is an unusual one, as in the U.K. I have never had a case of it myself,...

Life & Health Insurance: Lost life insurance policy, preferred insurance companies, safe deposit boxes
preferred insurance companies, safe deposit boxes, life insurance policy: I have some ideas. First, do you know who they had their homeowners and car insurance with? Was your dad an officer in the military and thus a member of USAA that just insures military? They have an insurance brokerage division (and homeowners/car ins too)....

Life & Health Insurance: Lost life insurance policy, life insurance policy, social security number
life insurance policy, social security number, lutcf: Dear Melissa, I have been successful many times with this kind of problem; but I m not sure I can help you at this late date. If you can get access to you father s checking account history or his medical file, either of these may have a record of the...

Life & Health Insurance: life ins. dividends, policy dividends, dividend option
policy dividends, dividend option, 1099r: Dear Richard, Yours is the first example that I have seen that reveals something that I have been aware of as a potential event - the dividends paid have become greater than the premiums that you have paid. As you are aware, the interest on the dividends...

Life & Health Insurance: life insurance, chartered life underwriter, chartered financial consultant
chartered life underwriter, chartered financial consultant, dave bowman: Bruce, thank you for the additional information regarding prior attempts at getting life insurance. Please go to the website I mentioned and find a CLU or ChFC in your area. Call him or her and tell them exactly what you have told me. That is what I recommended...

Life & Health Insurance: life insurance for international person ..., International life insurance, foreign insurance
International life insurance, foreign insurance, undisclosed condition: Most countries have resident life insurance companies that offer policies protecting you if you live permanently outside the U.S. If you obtained your policy while in the U.S. it should be payable wherever you go. Some companies offer U.S. citizens who travel...

Life & Health Insurance: Policy ownership and personal taxes, sole beneficiary, lutcf
sole beneficiary, lutcf, split dollar: Dear Jim, Yours is a pretty typical split dollar Whole Life. Unless you buy the company s share of the premium, what it paid would be considered reportable income. If this is a traditional participating Whole Life, dividends should offset a significant...

Life & Health Insurance: Pre-existing condition and pregnancy, maternity coverage, pre-exisiting conditions
maternity coverage, pre-exisiting conditions, georgia: Hi Melanie, Congratulations on the baby. Pregnancy is not typically considered a pre-existing condition per HIPAA, so you should be able to obtain maternity coverage as long as your employer has more than 15 employees. More than likely you will have a...

Life & Health Insurance: Spousal Consent?, life insurance policies, life insurance policy
life insurance policies, life insurance policy, cancer survivor: Bethany, It s not a spousal consent issue, but an insured issue. No one can take a policy out on anyone else without the permission of that person and without what is called insurable interest . First, the insurance company has to underwrite the...

Life & Health Insurance: Still on ex husband's insurance, worried, health insurance agents, california department of insurance
health insurance agents, california department of insurance, attention deficit disorder: You are not in the clear if you want your pre-existing conditions covered. It also depends on whether you are looking to purchase an individual or group plan since each have underwriting guidelines to follow. Call the CA DOI tomorrow and explain to them...

Life & Health Insurance: WAEPA, life insurance premiums, group insurance plans
life insurance premiums, group insurance plans, fegli life insurance: What is the WAEPA? I am not familiar with it. A lot of the group insurance plans are not really any bargains. People think they are but in reality they are not. The group headquaters gets a kickback for allowing companies to sell stuff to their members...

Life & Health Insurance: WAEPA, life insurance, savings
life insurance, savings, ratings: Hi Jane, I m sure youíre not alone in the frustration you re feeling right now. I went to the local gas station today and about had a heart attack when I saw the gas prices. As gas and food prices continue to go up people will have to make some sacrifices....

Life & Health Insurance: APA, arizona, medical
arizona, medical, insurance: Hello: I think that calling the insurance company is fine, but you will need the policy number to find out the specific benefits for that plan. You ve mentioned Oxford, but what state do you live in? Do you think it s a group policy or a family policy?...

Life & Health Insurance: assingment of whole life to nursing home, life insurance agent, home care insurance
life insurance agent, home care insurance, whole life insurance: Dear William, I often recommend whole life insurance instead of LTCI, since we have a 100% chance of dying and only about a 50% chance of needing long term care. While it is unlikely that the surrender value (equity) of the whole life policy will be enough...

Life & Health Insurance: Cobra and pregnancy, Arizona, health
Arizona, health, medical: Hi Amanda: This is a question for the human resources person at your school, whether COBRA is available to you if you decide to end your employment there. I would assume that it is available to you, but only they will know for sure. I would also ask how...

Life & Health Insurance: Dental Insurance, arizona health insurance, arizona dental insurance
arizona health insurance, arizona dental insurance, arizona group health insurance: Craig: All dental insurance plans offer minimal coverage, and are expensive, in my opinion. With annual maximum benefits ranging from $1000-$2000, it doesn t take long to reach this limit. There are many reasons why the coverage isn t the best, and the...

Life & Health Insurance: executor and beneficiary are the same., life insurance policy, death benefit
life insurance policy, death benefit, estate executor: Theus, No. The beneficiary receives the death benefit personally, not as an estate asset. Therefore, technically,the executor has full rights to the death benefit, even if they are not a beneficiary of the will. The only option for the beneficiary to...

Life & Health Insurance: Health Insurance, maternity coverage, day gap
Life & Health Insurance: Health Insurance, maternity coverage, day gap, complication of pregnancy

Life & Health Insurance: Health INS, New hampshire risk pool, affordable health plan
New hampshire risk pool, affordable health plan, pre-existing conditions: Hi Kristy, Is it a lack of funds or the two pre-existing conditions that hinder you from obtaining an individual health insurance plan? You did not say what type of operation you had in October, so it s very hard for me to give you an answer that is...

Life & Health Insurance: Health Ins, health insurance broker, individual health insurance
health insurance broker, individual health insurance, group health insurance: Hi Kristy, Sorry to hear about your problems getting insurance. Pre-existing conditions can be a problem for some companies but not all. From the information you have provided it seems like the operation you had in October is the sticking point. Hypothyriodism...

Life & Health Insurance: Health Ins, individual health insurance, group health insurance
individual health insurance, group health insurance, health insurance coverage: This is not my area of expertise so I d try other folks but as you probably know, the best way to get health insurance is through a workplace in which case they cannot impose pre-existing condition limitations on your coverage and cannot individually underwrite...

Life & Health Insurance: Health Insurance, health insurance choices, risk aversion
health insurance choices, risk aversion, asset allocation: Ricky, You re experiencing the same dilemma that millions of Americans have pondered at some point in their life. Finding an affordable health insurance plan to protect yourself against catastrophic events is 100% justified. You purchase insurance so...

Life & Health Insurance: Health Insurance, arizona health insurance, arizona group health insurance
arizona health insurance, arizona group health insurance, arizona dental insurance: Hello Kristy: My answer will be based on Arizona insurance laws and underwriting practices, but hopefully will still be helpful. It would be helpful for me to know what state you live in, though I only do business in Arizona. If COBRA was offered to...

Life & Health Insurance: Health Insurance, anthem blue cross blue shield, individual health insurance
anthem blue cross blue shield, individual health insurance, anthem blue cross: Hi Taryn: As a broker in Arizona, I m not too familiar with the plans in Colorado. I did look over the plans offered by Anthem Blue Cross Blue Shield, http://www.anthem.com/, and small group coverage is available to those with 1-51 employees. An HSA plan...

Life & Health Insurance: Health Insurance, maternity coverage, cover colorado
maternity coverage, cover colorado, risk assessment: Hi Taryn, The people you have spoken to are misinformed and/or lying to you. Colorado does have a few carriers whom offer maternity coverage and there is the state run program Cover Colorado (https://www.covercolorado.org). Cover Colorado pays...

Life & Health Insurance: Income Protection Insurance / Health Insurance, income protection insurance, disability coverage
income protection insurance, disability coverage, nonsmoker: Kate -- if you are able to truthfully answer no to their smoking question, then you will be treated as a nonsmoker just like anyone who hasn t smoked. It depends on the specific company, product, and underwriting guidelines. Some companies ask if you...

Life & Health Insurance: Insurance Change due to company buyout...while pregnant, insurance plan changes, flexible spending account
insurance plan changes, flexible spending account, pregnancy delivery: Hi Dodie, First of all congrats on the new arrival and my best wishes for a healthy delivery for both of you. This is something I deal with a couple times a year when ladies are having a baby and the insurance plan changes. As for your question about...

Life & Health Insurance: Leaving COBRA with pre-existing Cancer, HIPAA, affordability
HIPAA, affordability, cancer: Hi Joe, Congratulations on your endeavor to beat cancer. You re probably feeling pretty good about yourself right now. Based upon what you told me you have four options. You did not indicate what state you live in, so some of this may or may not...

Life & Health Insurance: Life Insurance/Creditors, Creditors, Life Insurance
Creditors, Life Insurance, Minors: While I m not an expert in insurance law, it s my understanding that life insurance proceeds are exempt from creditors in most states. You can contact your state insurance department to confirm this. Incidentally, life insurance proceeds can t be paid to a...

Life & Health Insurance: Life Insurance for elderly, insurance associates, paraplegic
insurance associates, paraplegic, wcb: Hi Cheryl---the short answer: yes and I have such programs available. The insured must be a non-smoker and in the last 5 years have no heart attack, no stroke and no cancer. We understand folks of this age aren t always the picture of health but if everything...

Life & Health Insurance: Life Insurance Owners, estate planning, life insurance proceeds
estate planning, life insurance proceeds, top of the table: Hi Stacey, What prompted you to make each other the owner of the life insurance policy and who are the beneficiaries? Additionally, who pays for the life insurance policies? I assume that neither of you has a trust set it, so the following will reflect...

Life & Health Insurance: Life insurance beneficiary, life insurance beneficiary, cash surrender value
life insurance beneficiary, cash surrender value, massive heart attack: Cheryl, Your best bet is to contact a life insurance trained attorney. However, as non-legal advice, consider that all assets that pass via beneficiary (including, but not limited to life insurance, 401Ks, IRAs, etc.) legally are to pass directly to...

Life & Health Insurance: Lump Sum Life Insurance Payment and Income Tax, mortgage interest deduction, insurance payment
mortgage interest deduction, insurance payment, death benefit: Dear Sheilah, I am sorry for your loss. The death benefit on your husband s policy is not subject to taxation, unless it was part of a pension plan. It could result in an increase in taxation, if you pay off the farm and lose your mortgage interest deduction....

Life & Health Insurance: What life insurance company is best for me?, life insurance policy, whole life insurance
life insurance policy, whole life insurance, life insurance company: Martha, Whole life is the best , like a Lexus is the best car. It is great, what everyone wants if it cost the same, but expensive to some. If you work outside the home and your income is used for bills, you probably need around 7-10years of your...

Life & Health Insurance: My Mother, alcoholic insurance life insurance
alcoholic insurance life insurance: I can fully sympathize with your situation. My mother was an alcoholic as well. While she was fortunate to have my father to buffer much of her irresponsible behavior, she made the lives of her children a lot less enjoyable due to her alcoholic episodes....

Life & Health Insurance: Pre exisiting conditions, Arizona, health
Arizona, health, insurance: Hi Sharon: It is very likely that you will be covered from day one, including the pre-existing condition. Each state has varying laws, but my guess is that you will be covered. Without divulging your pre-existing condition, (because you don t have to,)...

Life & Health Insurance: Taxes on Cash Value, policy replacement, taxation of life insurance
policy replacement, taxation of life insurance: Dear Joe, When a participting whole life policy is cashed out the surrender value of the paid-up additional life insurance is combined with the guaranteed cash surrender value. If this combined value exceeds the total premiums paid in, the difference is...

Life & Health Insurance: transfer for value?, mike feinberg, tax id number
mike feinberg, tax id number, ilit: I will preface my answer, as I often do, by saying I am not a lawyer or as well-versed in insurance law as I am in product information. I believe that if you wish to 1035 exchange your two policies into a new policy with a different owner (by nature of...

Life & Health Insurance: transfer for value?, loop holes, ilit
loop holes, ilit, best bet: Brian, That s a deep question. It depends on your state and how they handle ILITs, as well as the differences between the ILITs. A Board Certified Estate Tax attorney is your best bet to answer that question. The IRS has worked very hard to close the...

Life & Health Insurance: transfer for value?, life insurance trust, irrevocable life insurance trust
life insurance trust, irrevocable life insurance trust, life insurance policy: Dear Brian, If I understand your question, you want to remove your current life insurance from a Federal Estate Tax problem by exchanging it for insurance owned by an irrevocable life insurance trust. This you cannot do, since you are attempting to change...

Life & Health Insurance: transfer for value?, ilit, tax exclusion
ilit, tax exclusion, planning techniques: I do not know the answer to this querstion but I have an associate that does. I will email your question to him but he doesn t belong to All Experts so in order to get his answer and if you need it his help, email me back at: jbuob@yahoo.com so I can...

Life & Health Insurance: AAA Life Ins, life insurance company, fine organization
life insurance company, fine organization, age sex: AAA is a fine organization. What type of insurance are you applying for? Have you shopped around at all? If you can let me know how much ins & the type as well as your age & sex and state you live in I can also supply some no-obligation quotes. Good luck,...

Life & Health Insurance: chronic kidney failer, Arizona, health
Arizona, health, insurance: Christopher: If your current employer has 20 or more employees on the group plan COBRA will be offered to you if you leave the company. If less than 20 employees you would go directly to a Portability policy. There is no risk of having a lapse in coverage...

Life & Health Insurance: Equity Indexed Life Insurance, required minimum distributions, term life insurance
required minimum distributions, term life insurance, accumulation value: Dear Lisa, If I were to limit my comparison of the EIUL to the mutual funds, I would say it is much safer, since there is real chance of loss to the the mutual funds. And that would also apply to the 401(k) if it is in mutual funds or variable annuities....

Life & Health Insurance: Existing Insurancw, insurance company name, welcome letter
insurance company name, welcome letter, directory assistance: The only way to answer that question would be for you to contact either the agent that sold you the insurance policy or the insurance company that the policy is with. The insurance company name should be on the policy and you can get their phone number from...

Life & Health Insurance: Health Insurance, golden rule, premiums
Life & Health Insurance: Health Insurance, golden rule, premiums, zip code

Life & Health Insurance: Health Insurance, health benefits, golden rule
health benefits, golden rule, assurant: Hi Ricky, Overall, the plan looks good. I give it a B- for benefits and an A- for pricing. The deductible is really low, which some people think is a good thing. The coinsurance level and out of pocket maximum is more important to me because $750 is...

Life & Health Insurance: Health Insurance for my 60-yr old mom, arizona, health
arizona, health, insurance: Tina: Each state has different programs offered to those that are uninsurable on an individual basis. Insurance through your state sponsored program is probably the best alternative, but I would contact them ask ask if thre is any other assistance available....

Life & Health Insurance: Health Insurance pre qualifying tests, medical information bureau, auto mechanics shop
medical information bureau, auto mechanics shop, health insurance plan: Vicky As a follow-up, I learned from one of my carriers that they utilize a third-party service that contacts the client and sets-up the most convienent time for a test. Parameds can be done in home, at work, or in a clinic depending on regional coverage...

Life & Health Insurance: Health Insurance for the Uninsurable, guaranteed issue
guaranteed issue: Hi Kelly, Your best bet would be to have your husband obtain a small group plan if he has enough employees and then he could add you and your daughter onto the plan. Another option is to obtain a guaranteed issue plan through TN. You can find more information...

Life & Health Insurance: health insurance, arizona, health
arizona, health, insurance: Hello Nanci: Your daughter has pre-existing conditions and no health insurance to help offset the cost of treatment. The possibility exists that she may obtain coverage through Medicaid if she applies. These are the facts, correct? The short answer is:...

Life & Health Insurance: insurance, buying life insurance, legitimate companies
buying life insurance, legitimate companies, insurance term: Mike, The general idea is that if the policy is still enforce (insurance term that means active or the contract still exists), when you pass the beneficiaries will be paid the check. There are two types of life insurance. The first is called Term...

Life & Health Insurance: insurance, lutcf, dear mike
lutcf, dear mike, legitimate companies: Dear Mike, In answer to your first question, there would be a check to your beneficiary if the policy was a Whole Life policy. Other types may have run out. If you will tell me what state you are in, I could help you find a company. Willard R. Brumbaugh,...

Life & Health Insurance: insurance, life insurance, pay out
life insurance, pay out, ratings: Hi Mike, Yes, the money would go to your beneficiary. As for your second question, as long as the policy is in force and premiums are up to date the beneficiary will receive the full policy amount. I only work with A or higher rated companies and recommend...

Life & Health Insurance: insurance, life insurance policies, types of life insurance policies
life insurance policies, types of life insurance policies, bank robbery: Hi Mike, Now there are different types of life insurance policies. But if you have paid your premiums and the policy is still in effect then when you die your beneficiary will get a check. The only time the insurance company would not give out a check...

Life & Health Insurance: insurance, life insurance contract, life insurance carriers
life insurance contract, life insurance carriers, financial duress: Good morning! Mike, Since I m not sure what kind of life insurance you have (term or permanent), the general definition is that the beneficiary of the life insurance contract is paid the value of the benefit as long as the contract specifications are met...

Life & Health Insurance: insurance, life insurance policies, death benefit
life insurance policies, death benefit, death claim: Mike, if the life insurance policies are in force when you die, the beneficiary would need to file a death claim and provide proof of death, and they would receive a lump sum for the death benefit of the policy minus any outstanding loans against the policy...

Life & Health Insurance: LIFE INSURANCE, Single, Life Insurance
Single, Life Insurance, Life Insurance Loans: Carolyn: While the conventional wisdom is that you don t need any life insurance, who would pay for your funeral if you have no other assets? That being said, there are ways you can keep your life insurance and still take advantage of the fact it s a cash...

Life & Health Insurance: LIFE INSURANCE POLICY, life insurance policy, small business owner
life insurance policy, small business owner, disability insurance: Hello Carolyn, Based on what you told me I recommend you contact your insurance agent ASAP. This is one of those times where he or she should earn their money! You have a tough decision to make, but I m confident that you ll be able to bounce back. ...

Life & Health Insurance: LIfe Insurance, reinstatement, group insurance
reinstatement, group insurance, life insurance: This case presents some interesting issues. I m assuming that this is group term life. If it s universal life, the answer may be different. If the insurance company admitted that they made an error (in writing would be nice or if you have a name of an...

Life & Health Insurance: Life Insurance, normal bloodpressure, disability benefit
normal bloodpressure, disability benefit, cholestorol: Hi Ken----underwriting is based on a number of factors and is also company specific meaning one company might rate you table D (about 200% of normal premium) and another might rate you standard or preferred even; also some companies throw in, for free, chronic...

Life & Health Insurance: Life Insurance, life insurance policy, lutcf
life insurance policy, lutcf, brumbaugh: Dear Judy, I can t speak for all states, but in California people to be insured must sign the application, even if the policy is owned and paid for by someone else. This should control dishonorable intent, unless the person to be insured has limited mental...

Life & Health Insurance: Life Insurance Claim Delay, life insurance policy, life insurance company
life insurance policy, life insurance company, insurance claim: A life insurance company will automatically investigate any claim that occurs within one year of the date the policy is issued, and has a legal right to do so. The request for a release of medical records seems reasonable in light of this fact. While I...

Life & Health Insurance: Life Insurance Claim Delay, specific power of attorney, life insurance policy
specific power of attorney, life insurance policy, tooth comb: Tina, First, sorry about your loss. You need to be very careful as you proceed. During the first 2 years of a policy, the insurance company has full contestability on the policy. This means that if they find someone lied on the application or did not...

Life & Health Insurance: Life Insurance Policy, accidental death benefit, life insurance policy
accidental death benefit, life insurance policy, banner life: Patty, I ve never heard of an insurance company not telling you why they lowered your rating, which increases your premium. My advice is to contact another agent from a different company. I can assure you that they will be happy to help. I don t know...

Life & Health Insurance: Life Insurance Questions, life insurance questions, family health history
life insurance questions, family health history, life insurance companies: Sue, Life insurance companies don t actually investigate family health history, other than asking if your parents or siblings have or had heart problems. If a death claim is filed within the first 2 years of a policy s date, they will generally (when...

Life & Health Insurance: Lost life insurance policy from approx 19 years ago, life insurance policy, lutcf
life insurance policy, lutcf, brumbaugh: Dear Tami, It is highly unlikely that you could find a company that still has record of his policy, since it would have lapsed for non-payment of premiums for 19 years. Having said that, there is the possibility that it was already paid up, that is,...

Life & Health Insurance: level 2 life insurance, cash value increases, death benefit
cash value increases, death benefit, insurance companys: Good morning, Eve! I am assuming you are asking about the options associated with Flexible Premium Universal Life. The titles of the options can be used differently by different carriers, so Iíll refer to Option A as Level Death Benefit, and Option B as...

Life & Health Insurance: life insurance, buying life insurance, national association of insurance and financial advisors
buying life insurance, national association of insurance and financial advisors, professional guidance: Life insurance pays a death benefit on the death of an insured person. In most cases, it does not matter how or when you die, as long as the policy has been issued and has remained in force up to the time of death. As for a reputable company, there are...

Life & Health Insurance: Medicare and Medicaid copayments, medicare beneficiaries, fast food restaurant
medicare beneficiaries, fast food restaurant, federal government agency: Good evening! Lisa Medicare is a fee-for-service system. This means that Medicare, as a federal government agency, sets the pricing, or fees, for services that providers give to Medicare beneficiaries. Similar to any fast-food restaurant where you see...

Life & Health Insurance: Medicare Part B & D and Private Health Ins, company retirement plan, retiree health benefits
company retirement plan, retiree health benefits, medicare benefits: When an retiree is enrolled in the health plan provided during working years, there is no need to start your Medicare Part B OR Part D ....In your case your plan covers you as the Primary Insurer. So Medicare acts as secondary in your case. You could be...

Life & Health Insurance: A new job and the company's health insurance, probation period, hr department
probation period, hr department, insurance agent: Hi Brenda, I do not know if your baby will be covered under the group policy since I have not read the policy in detail. Your husband should contact the HR department of his company and/or the insurance agent to find out specifics. There are many loopholes...

Life & Health Insurance: Old life insurance policy, life insurance policies, life insurance policy
life insurance policies, life insurance policy, informal proceedings: Hi Thomas. Thanks for the inquiry. It is not unusual for insurance companies to merge; they rarely go out of business like other companies as they have a book of business that other companies would take over. What you might do is get the policies out...

Life & Health Insurance: my obligations, life insurance product, nieces and nephews
life insurance product, nieces and nephews, insurance money: I m sorry for the position you appear to have been put in here. I m really not sure I m qualified to give you advice on posthumous debt obligations (that s more of a question for credit/legal experts and may be state specific). I can tell you that as the...

Life & Health Insurance: old life insurance policy, life insurance policy, bromley
life insurance policy, bromley, ssn: Kathleen, Go to http://www.mib.com/html/lost-life-insurance.html. I think it costs about $75 to find all policy with your name/SSN. That s the best way to find lost policies unless you know the company name and the company still exists. Hope this...

Life & Health Insurance: Universal vs. term, life insurance policies, term life insurance
life insurance policies, term life insurance, life insurance policy: Hi Jim, I would recommend taking a look at your life insurance policies for a couple of different reasons. The first is the fact that the univeral policies are not working as well as they were 15 years ago. The whole theory behind them is that the interest...

Life & Health Insurance: whole life insurance designed for banking on myself, pamela yellen, knowledgeable underwriters
pamela yellen, knowledgeable underwriters, whole life insurance: Dear Christian, As you may have determined by my answers, I agree in principle with the BOY concept. However, due to some erroneous expectations held by many agents in my field, I would not refer you to a BOY agent. And many good insurance agents may not...

Life & Health Insurance: Beneficiary Reminder Service, lutcf, reminder service
lutcf, reminder service, address changes: Dear Michelle, I thank you for making me aware of this organization. It seems to be a worthy concept. It addresses the very real problem of insurance companies not being aware when someone dies. And it keeps families aware of any changes that would affect...

Life & Health Insurance: beneficiaries, medical information bureau, checkbook registers
medical information bureau, checkbook registers, life insurance policy: I m allowed to give my opinion here, so here goes. Just so you understand that this isn t a definitive answer - you might want to check with an attorney. Only a beneficiary that the owner of the policy (presumably your mom) named in the policy can benefit...

Life & Health Insurance: Policy was found, insurance salesman, lutcf
insurance salesman, lutcf, death benefit: Wow!! This is great news. I believe that Prudential does owe interest on the policy proceeds. But I don t think that any stock would be due you, since the policy would have been paid off long before Pru demutualized. Willard R. Brumbaugh, LUTCF CA License...

Life & Health Insurance: ERISA, Arizona, health
Arizona, health, insurance: Fernando: My recommendation would be to request reconsideration of the claim directly with the insurance company first. Often claims can be settled through this process. Obtain documentation from the healthcare provider showing when the claim was first...

Life & Health Insurance: Full time rv'er health insurance, time rv, permanent address
time rv, permanent address, insurance companies: Hi Charlotte, Sorry to say I can not answer your question for a couple of reasons. First, not knowing which state you live in makes in hard for me to make a recommendation. Second, all the insurance companies that I work with require residence in the...

Life & Health Insurance: LIFE INSURANCE
Life & Health Insurance: LIFE INSURANCE

Life & Health Insurance: Universal vs Term life, wealth building, repercussions
Life & Health Insurance: Universal vs Term life, wealth building, repercussions, insurance

Life & Health Insurance: Health insurance for retiree living abroard, expatriate insurance, jordan
expatriate insurance, jordan, overseas coverage: Hi Steve, Unfortunately, given the age of your friend, she will have a hard time finding a carrier who will cover her at a lower rate. All of the carriers I work with do not provide benefits to people over the age of 64, unless they are renewing the policy....

Life & Health Insurance: Health insurance for retiree living abroard, medical emergency services, accidental death dismemberment
medical emergency services, accidental death dismemberment, childhood polio: Hi, Steve! We work with a carrier that supplies an overseas short-term plan. This is guaranteed issue, meaning no underwriting questions. It is available to retirees past age 80, although there are some limitations past age 80. This plan is set up...

Life & Health Insurance: High Deductible Health Insurance for my Daughter, deductible health insurance, high deductible health insurance
deductible health insurance, high deductible health insurance, present insurance: Jane Great! ethomas@bloommg.com is my email. I suppose the server may have been down when you tried, but that is my contact information. Feel free to send to it. There is no obligation at all. You sign when the insurance company makes the offer. The...

Life & Health Insurance: insurance claims on suicides, death benefit, insurance claims
death benefit, insurance claims, insurance policies: The 2 year rule is federal law. Many companies have tried unsuccessfully to not pay claims after 2 years if they found out someone lied or provided inaccurate information on the original application. The courts have held that the companies have had 2 years...

Life & Health Insurance: LIFE INSURANCE, life insurance policy, insurance question
life insurance policy, insurance question, financial hardship: Carolyn, What company is it? I ve never heard of a 5/10 rule and I did a quick check to see if I could find anything - I couldn t. In any case, the question of canceling the policy is a personal one. If you need the money, as you indicated, it seems...

Life & Health Insurance: LIFE INSURANCE WITH NO BENEFITIARY, eagle pass tx, executor of the estate
eagle pass tx, executor of the estate, mccollough: Hi Gabriela, Who did the agent put down as a beneficiary and did your brother have a will in place? It sounds like your mother is the executor of the estate. You need to find out that information. If there isn t a will in place things are left up...

Life & Health Insurance: Life Insurance, life insurance policy, whole life insurance
life insurance policy, whole life insurance, tax deferral: Dear Dave, A. Prudential should be able to provide a record of all actions that have resulted in the loan that you have discovered. It probably can t tell you why you took the loan, unless it was to pay premiums. B. Since the dividends have historically...

Life & Health Insurance: Life Insurance, life insurance policy, life insurance company
life insurance policy, life insurance company, executor of the estate: Jennine, For the life insurance policy, a claim to the insurance company must be completed. This must be accompanied with a death certificate and is generally filed by the executor of the estate, the owner of the life insurance policy if it was not the...

Life & Health Insurance: Life Insurance, life insurance policy, insurance company name
life insurance policy, insurance company name, executor of the estate: Jennine, it would be helpful if you know the insurance company name, but if you are not aware of any of that information I would get in touch with the executor of the estate (unless it s his wife). If you are a listed primary beneficiary on a valid insurance...

Life & Health Insurance: Life Insurance, life insurance contract, market interest rates
life insurance contract, market interest rates, universal life policy: Patti, Guaranteed Cash Value is the cash value you will have, guaranteed, at the specific time in the policy, regardless of what happens to the market, interest rates or profitability of the company. Net Cash Value is the actual cash value (which could...

Life & Health Insurance: Lifetime Benefits, lifetime maximum, cap
lifetime maximum, cap, cancern: Hi Paul, There is a big difference between a $2M and a $5M policy. Some people find it more comfortable having a higher lifetime cap on their policy to help offset rising medical costs and the potential for a financial windfall from a catastrophic ailment....

Life & Health Insurance: Live outside US, need US health insurance, Arizona, health
Arizona, health, insurance: Hello Cheryl: Assuming you have looked into purchasing travelers insurance while in the U.S.A., your other option may be individual coverage if you are a resident in one of the states as well. Each of the 50 states in the U.S.A. have different laws pertaining...

Life & Health Insurance: life insurance, life insurance policies, issue life insurance
life insurance policies, issue life insurance, death benefit: Dear Nancy, There are guaranteed issue life insurance policies, but they only pay a significant benefit if the insured lives two or three years after issue. Of course the premiums are high, since the insurance companies are obligated to charge a rate...

Life & Health Insurance: Taking business online, health insurance agent, adobe creative suite
health insurance agent, adobe creative suite, proper supervision: Dear Earl Williams: While I welcome you on entering into this industry. However, I would like to suggest you to:- 1. Please follow the guidelines of your senior(s). 2. Since you are new, hence you should not play high jump without proper supervision,...

Life & Health Insurance: term life policy, cash surrender value, term life insurance policy
cash surrender value, term life insurance policy, life insurance policy: Dear Donna, You have identified this as a term life insurance policy. If this is true, then there is no cash surrender value. Term life insurance is like renting insurance. Just as you build up no equity by renting a house, you build up no surrender...

Life & Health Insurance: Universal vs Term life, universal life insurance, life insurance policy
universal life insurance, life insurance policy, universal coverage: Bryan, You don t mention your age, but I m guessing it s around 30. The short answer of the difference between universal life and term life is cash value. The advantage of cash value is that the universal life has the ability to grow a tax deferred...

Life & Health Insurance: 2 health care policies, medicare supplement plan, health care policies
medicare supplement plan, health care policies, carveout: Allen: Your question is tough to answer without knowing a few things. Will Mobil keep you on their group policy at 65, or automatically switch you to a Medicare supplement plan once you file for parts A and B? Does your wife have the option of keeping both...

Life & Health Insurance: Adequate Insurance Coverage, adequate insurance coverage, open enrollment period
adequate insurance coverage, open enrollment period, medical insurance policy: Dear Sierra, What a beautiful name! It would appear that you have at least $400,000 in life insurance. Since there appears to be no dependent need, and I suspect that estate taxes will not be an issue, you could reduce the face amount of your life insurance....

Life & Health Insurance: AIG, financial profession, disability payments
financial profession, disability payments, insurance portion: Hi Sharon, I have been talking to different people in the financial profession and they are telling me that AIG should survive this troubled time. It is not the insurance portion of the company that was in trouble. But if something would happen to them...

Life & Health Insurance: Cobra Health Insurance, Arizona, health
Arizona, health, insurance: Chuck: Here is a paragraph from the Department of Labor website: http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTML Qualified beneficiaries must be given an election period during which each qualified beneficiary may choose whether to elect COBRA...

Life & Health Insurance: disability insurance, AIG, disability
AIG, disability, insurance company solvency: It s an understandable error to assume that the AIG that is paying your disability is the same AIG that the government is bailing out. This is not the case. The insurance company that is paying your benefits is a separate, state-regulated entity that is required...

Life & Health Insurance: EIUL's, mike feinberg, life insurance coverage
mike feinberg, life insurance coverage, 401 k plans: I appreciate your question, however your interpretation of my answer to the previous question about EIUL is not quite in the proper context. I was answering the question from a person who already had an EIUL and was concerned about his inability to afford...

Life & Health Insurance: Equity Index Life insurance, Buy term
Buy term: If you are young and healthy, the simple answer is: buy term and invest the difference. The real question is how disciplined you are to 1. invest the difference. 2. keep the investment going (not freak out during market downturns and not spend the money...

Life & Health Insurance: Flexible Premium Adjustable Life, life insurance policy, mortality rates
life insurance policy, mortality rates, insurance licenses: Dear Steve, Since you are not getting any cooperation from your company, I ll calculate the information myself. This will take me about four hours to do, but it is my nature to try to fix things. I will have to work your project in with the other projects...

Life & Health Insurance: Equity Index Life insurance, variable universal life, index products
Life & Health Insurance: Equity Index Life insurance, variable universal life, index products, expense charges

Life & Health Insurance: life insurence, term life insurance, insurance term life
Life & Health Insurance: life insurence, term life insurance, insurance term life, life insurances

Life & Health Insurance: Health Ins. Form - How 2 Answer, group health insurance, health insurance plan
group health insurance, health insurance plan, medicare plans: Hi Patricia, Most plans have a waiting period for pre-existing conditions, but it all depends upon your specific plan. I would obtain a copy of your plan to determine if there are any pre-existing condition clauses. I highly doubt Anthem would drop...

Life & Health Insurance: Health Insurance for Elderly, MassHealth, seniors
MassHealth, seniors, health care coverage: Hi W, I m sorry to hear about your recent experiences. I recommend that you visit this website (http://www.mass.gov/?pageID=eohhs2subtopic&L=5&L0=Home&L1=Consumer&L2=Insurance+(including+MassHealth)&L3=Apply+for+MassHealth+Coverage&L4=Applicants+Aged+65+and+Older+Living+at+Home&sid=Eeohhs2)...

Life & Health Insurance: Health Insurance in Mexico, medical insurance, international
medical insurance, international, healthcare: Dear Sheila, Sorry for not getting back to you sooner regarding your question. First things first, I am not 100% in the US domestic market, I am based in the UK and deal more with International Health Insurance. However, I do work with US based specialists,...

Life & Health Insurance: health care bills, health insurance contract, family health insurance
health insurance contract, family health insurance, insurance aspect: Hi James: Thank you for the clarification. Your question relates more to a legal situation really, rather than a health insurance inquiry. That being said, take the health insurance aspect of your question out for the moment and you are left with a cut...

Life & Health Insurance: health/life insurance, cobra continuation, medical prognosis
cobra continuation, medical prognosis, policy issuance: I m sorry to hear about your current situation and hope that you make a full and quick recovery. Unfortunately, the availability of life insurance for a person currently diagnosed with cancer is very limited. Typically only a guarantee-issue whole life...

Life & Health Insurance: infertility & insurance riders, riders, Utah risk pool
riders, Utah risk pool, Select Health: Hi Harmony, I understand your desire to expedite the process in getting a health plan for your family. Unfortunately, as you have found out the hard way, some insurance carriers are more selective about who they will and will not accept. Normally the...

Life & Health Insurance: insurance, food stamps, dear charlotte
food stamps, dear charlotte, lutcf: Dear Charlotte, There would be no income tax on the death benefit, unless part of it was the account value of his retirement plan. It will have no effect on your Social Security, but it might make you ineligible for the food stamps. Willard R. Brumbaugh,...

Life & Health Insurance: insurance policies, life insurance policies, life insurance policy
life insurance policies, life insurance policy, death benefit: Ekta, I will be happy to answer your question, but I m not sure I understand it. A life insurance policy has one major benefit, when you die it pays a death benefit to the beneficiaries. There is no other product like this. Can you tell me what benefit(s)...

Life & Health Insurance: Life Insurance, lost policy
lost policy: Medical Information Bureau (MIB) has a policy finder. You will need your grandmother s name, maiden name, Social Security number and date of birth. There is a reasonable cost for this service. Here s the link: http://www.mib.com/html/lost-life-insurance.html...

Life & Health Insurance: Life Insurance, lost policy, old policy
lost policy, old policy: I am sorry for your loss. I get many questions such as this. The fact that there are fifty state insurance departments with different provisions makes it difficutl to know exactly what resources are available in a given state. I suggest that you start by...

Life & Health Insurance: Life Insurance and Funeral Payment, life insurance beneficiary, legal question
life insurance beneficiary, legal question, legal advice: Jill, The LI company must pay the beneficiary directly, and has nothing to do with any other business, or for that matter debt. This is probably more of a legal question than LI question. However, (this not being legal advice) it seems to me that the...

Life & Health Insurance: Life Insurance Payout, life insurance policy, indexed annuity
life insurance policy, indexed annuity, insurance payout: Be extremely nice to your uncle because you have no legal rights to dime one of that money unless you are somehow named as beneficiaries or have a trust or something written out by your father indicating his wishes, and even then, if not made part of the policy...

Life & Health Insurance: Someone has a Life Insurance Policy on Me, life insurance policy, insurance company
life insurance policy, insurance company, two friends: Hi Melissa, For any insurance policy to be issued there has to be what we call Insurable Interest . Insurable Interest means that you would be financially damaged or impacted in some way if someone died. That is why husband and wives are able to take...

Life & Health Insurance: Life insurance and beneficiary changes, intentional misrepresentations, term life insurance policy
intentional misrepresentations, term life insurance policy, term life insurance: David, technically, contestability refers to the insurance company s right to investigate and possibly void a claim due to intentional misrepresentations on the application and is limited to the first 2 years of a policy. My question here would be: Does...

Life & Health Insurance: Long term care insurance, Long term care, Medicaid rules
Long term care, Medicaid rules: First, call a few nursing homes and home health agencies in your area. Major companies such as John Hancock and Genworth and MetLife publish cost surveys in all 50 states. The national average is $176 a day for nursing home care, but the range of costs is...

Life & Health Insurance: life insurence, SSI, Life insurance
SSI, Life insurance, Insurability: If you are eligible to receive SSI (Supplemental Security Income) through Social Security, you are disabled. Being disabled in itself does not necessarily mean that you can t buy life insurance. On the other hand, the nature and cause of your disability...

Life & Health Insurance: my mother is 77 yrs old, germany health care system, medicare benefits
germany health care system, medicare benefits, nursing employment: Hi Milagos, I do not know where PR is since I m not familiar with that acronym. I assume you are talking Puerto Rico given your name. I m unsure about what options you have there given the fact that I do not sell insurance in Germany. Having said that,...

Life & Health Insurance: Primary insurance, Bill to?, arizona, health
arizona, health, insurance: Brooke: Whatever billing address was given to the doctor s office when the child had his first appointment is the address the bills will be sent to. If the mother put down her address then that s where the bills will be sent to. The court order should clarify...

Life & Health Insurance: Surrender of Prudential Variable Appreciable Policy, variable life policy, life insurance policy
variable life policy, life insurance policy, surrender charge: Dear Charles, I don t blame you for wanting to make a change. While it is good to maintain enough insurance to not leave your heirs with the responsibility for paying your last expenses, it is likely that this policy is not suitable for this purpose. ...

Life & Health Insurance: tax penalty, life insurance policy, whole life insurance
life insurance policy, whole life insurance, surrender value: Dear Youa, You will be taxed on only the amount of the surrender value that exceeds the premiums you have paid. It is possible that your premiums paids is still greater than the surrender value. If that is the case, there will be no tax. Wuillard R....

Life & Health Insurance: Accident vs. Suicide, life insurance policy, carbon monoxide detectors
life insurance policy, carbon monoxide detectors, carbon monoxide poisoning: Wow---what a sad story--sorry for your loss. How has the death been reported on the death certificate? that would be the starting point. I would suggest a coroner s inquest be performed if they are considering (or reporting) suicide. Was a police report...

Life & Health Insurance: Blanket Accident Insurance, lump sum benefit, hosptal
lump sum benefit, hosptal, primary insurance: Hi Sallie, For the cost I would say it is not a bad policy. But this policy is not designed to serve as your primary insurance. It is designed to help with some little things that come up when you are in an accident. For example, if you were in an accident...

Life & Health Insurance: Breast Reduction Justification, cigna ppo, breast reduction
cigna ppo, breast reduction, extreme weight: Hector, Thank you for the question. The answer to your first question is yes, it is a common practice. Any surgery can be expensive. What Cigna needs to understand from the doctor is the medical necessity of the procedure. If it s just cosmetic...

Life & Health Insurance: Breast Reduction Justification, cigna ppo, breast reduction
cigna ppo, breast reduction, treatment recommendation: Hector In managed care plans, like HMOs and PPOs, if a plan wishes for the PCP, physician, or specialist, to back up their treatment recommendation for coverage, the doctor must call the plan for a peer-to-peer review. Selected professionals on a peer...

Life & Health Insurance: no beneficiary for life insurance, life insurance proceeds, life insurance policy
life insurance proceeds, life insurance policy, insurance question: I think my answers are consistent. Your original email did not ask if your brother could prevent your father from making his estate the beneficiary, it asked if he (meaning your father) could name his estate as the beneficiary. I stated two things in...

Life & Health Insurance: COBRA and Stimulus, Arizona, health
Arizona, health, insurance: David: If passed, my understanding is that the federal gov t would subsidize 65% of the COBRA premium for recently laid-off workers through 2010. COBRA, as you may know, is for those that were on group insurance when they lost their job. Through COBRA...

Life & Health Insurance: COBRA vs ???, arizona, health
arizona, health, insurance: David: COBRA can be expensive, but not always. It is important to remember that COBRA coverage can only be a maximum of 2% higher than the premium rate your employer was paying for family coverage on their group plan. It is the same plan and coverage you...

Life & Health Insurance: cancer, health insurance policy, medical health insurance
health insurance policy, medical health insurance, major medical health insurance: Mike: Please keep in mind that you have asked for my opinion, and you will receive just that, my opinion. I am not stating that you should cancel any insurance policy, simply because I do not have all the facts. That said, it is very likely that you have...

Life & Health Insurance: cancer, medicare insurance, dread disease
medicare insurance, dread disease, cancer insurance: Mike I m sorry I didn t get to this sooner. Have been out of town. Yes, many people wonder about limited, supplemental insurance. However, if you are more at ease about possibly contracting cancer, then the investment would be OK. Many people suggest...

Life & Health Insurance: cancer, supplemental insurance policies, health insurance companies
supplemental insurance policies, health insurance companies, cancer policy: Mike, I get your question all the time. In fact, the main bulk of my business comes from supplemental insurance policies just like this one. A Cancer policy is a great piece to have. Think about someone you know who may have gone through cancer or...

Life & Health Insurance: cancer policy, cancer coverage, cancer policy
cancer coverage, cancer policy, worthwhile investment: Hard to say without knowing all of the details of both the cancer coverage and your existing medical plan. If there is significant overlap between the two, I would reconsider. If the cancer policy pays cash benefits without regards to whether your care is...

Life & Health Insurance: Dental., dental insurance plan, list of dentists
dental insurance plan, list of dentists, rotting teeth: http://www.bcbsga.com/wps/portal/chpmemberbcbsga?content_path=agent/noapplication/plansbenefits/nosecondary/dentalplans/pw_ad037135.htm&label=Dental%20Plans The link above is for Blue Cross Blue Shield of Georgia s individual dental plan. It s $27 a month...

Life & Health Insurance: follow-up: how to approach..., fortune 500 company, life underwriters
fortune 500 company, life underwriters, insurance underwriters: Tom, I don t know if I can help you. For one thing, I would not refer any of my clients to Conseco. What they just did with their LTCI clients speaks volumes about their values. Secondly, I don t understand your purpose in contacting life insurance underwriters....

Life & Health Insurance: Health Savings Accounts, health fund, healthcare
health fund, healthcare, hsa: Hi David, A bit tricky as I am based in the UK. I do business sin the US, but predominately with the Expat community. However, the concept of Healthcare Savings Accounts is just starting to be realised over here in the UK. Currently, there is only one...

Life & Health Insurance: health insurance, bearer of bad news, getting insurance
bearer of bad news, getting insurance, insurance works: Marion, I m sorry to hear about your situation. Unfortunately, insurance is expensive when you have pre-existing conditions. With the increasing cost of medical treatment, the cost of insurance has continued to increase. The basic way insurance works...

Life & Health Insurance: health insurance policy question, health insurance policy, sorry mom
health insurance policy, sorry mom, homwork: Karen, Congrats on the new job for your son. Having the policy got through the employer may have one big advantage and that is Underwriting guidelines. If he has had health insurance recently and migrates to this employer, the underwriting health questions...

Life & Health Insurance: Individual Health Insurance Questions, health insurance questions, individual health insurance
health insurance questions, individual health insurance, attention deficit disorder: Hi Kristen, Generally speaking, the decision to have a high deductible health plan rests with your comfort level and affordability. I m a big fan of those plans, but the decision is yours. There are plans that will cover your neck in the event of an...

Life & Health Insurance: Individual Health Insurance Questions, health insurance questions, individual health insurance
health insurance questions, individual health insurance, attention deficit disorder: Kristen, You have done your homework and I am proud of you. many times I get emails and people just want me to find it all for them. Thank you for taking initiative and truly honing your question down to the main concerns you have. Health insurance...

Life & Health Insurance: Invidivual or employer insurance, Arizona, health
Arizona, health, insurance: Karen: If your son has no pre-existing conditions that must be covered, I would strongly recommend taking the $500 and purchase his own policy. Furthermore, I would highly recommend that he purchase an HSA, (health savings account,) qualified plan. You...

Life & Health Insurance: insurance policy, life insurance policy, medicaid benefits
life insurance policy, medicaid benefits, lutcf: Dear Karen, It appears that it may go to your sister s estate. Since your sister did not know about it, that may have caused a problem. If I were you I would contact the company. Its legal staff may be able to help you, since the insured is not competent....

Life & Health Insurance: LIFE INSURANCE, DEATH CLAIM
DEATH CLAIM: Dear Shansia: Please, first of all, accept my heartiest condolence on the sudden death of your Mom. Death is an eventual result of our experience but it brings another fact of life. Let s understand it and try to help others and share our experience before...

Life & Health Insurance: Life Insurance, term life insurance, mortgage balance
term life insurance, mortgage balance, insurance product: If the bank is not requiring insurance on your life (for instance, if you are simply trying to preserve the family home for your family), there are very few good reasons you would name the bank as the beneficiary. Any policy you would be taking to cover...

Life & Health Insurance: Life Insurance, level term insurance, death benefit
level term insurance, death benefit, mortgage balance: There are all sorts of term policies that will pay off your mortgage if you wish. You just have to decide how you wish to do it. The most common policies are the 10 year, 20 year or 30 year level term policies. You may not want to pay it off though, as...

Life & Health Insurance: Life Insurance on My Mother, life insurance policy, insurance department
life insurance policy, insurance department, funeral expenses: Let s get back to the first domino in the set; the conversion. It was your mother s group policy as I understand it; what did your mother sign, if anything, authorizing it to be converted? Is that document a forgery of her signature? Now if her sig....

Life & Health Insurance: about my life insurance, Group Life Insurance
Group Life Insurance: Please accept my condolences on the death of your ex-husband. I m not sure who you called, but suggest you start with calling the insurance company directly and explaining your situation. They should be able to research this for you. It is possible that...

Life & Health Insurance: Missing Long Term Care Policy, social security number, john hancock
social security number, john hancock, time insurance: If John Hancock took it over, then it was most likely a policy with Time Insurance. If you are still in touchw ith the agent that sold you the policy, or know how to reach him/her, they should be able to tell you how to get a new copy. Otherwise, you...

Life & Health Insurance: Mom's Life Insurance, medical information bureau, life insurance policy
medical information bureau, life insurance policy, luck mike: The only method I am aware of that purports to find insurance policies is the following website: http://www.mib.com/html/lost-life-insurance.html Please keep in mind that this site costs money and I have not personally used them so cannot vouch for...

Life & Health Insurance: old policy, pilot life insurance, lincoln national life
pilot life insurance, lincoln national life, life insurance policy: Vivian, First, I can t tell you whether the policy is still in force or not. If it is, then you could cash it in or continue the policy. Second, Rio Grande National Life Insurance no longer exists. However, the policy might still exist. In 1996 the...

Life & Health Insurance: Paid up Life Insurance Policy, life insurance policy, jefferson pilot
life insurance policy, jefferson pilot, rio grande: If she found the policy, then you should have a policy number. Based on previous research on a previous question from fellow expert Willard Brumbaugh (thanks Willard), here is what he found about Rio Grande -- I have learned that Rio Grande National had...

Life & Health Insurance: Am I responsible for bill, bill dana, network provision
bill dana, network provision, stress level: Dana, WOW! Tough question. Probabaly set your stress level back up pretty high (sorry if that joke was in poor taste). The responsibility of the network provision is not really your doctor s office responsibility, sorry to say. They SHOULD take that...

Life & Health Insurance: Tax on life insurance, life insurance premiums, term life insurance
life insurance premiums, term life insurance, irs: Mike, This comes directly from the IRS website... You may not deduct insurance premiums for life insurance, for policies providing for loss of wages because of illness or injury, or policies that pay you a guaranteed amount each week for a sickness....

Life & Health Insurance: Taxation on Transfer / Surrender of a Single Premium Whole Life Policy issued in August 1987, modified endowment contract, irs form 1099
modified endowment contract, irs form 1099, insurance tax: Brett, I could go into all the details, but I m guessing this is a small policy with less than $10k in cash value (based on the age when issued and the date of the policy). If you tax rate is significantly lower than your mothers (like 5% versus 20%)...

Life & Health Insurance: Taxation on Transfer and Surrender of Single Premium Whole Life Policy Issued August 1987, modified endowment contract, irs form 1099
modified endowment contract, irs form 1099, insurance tax: Dear Brett, The yield on the original premium was 6%, a good rate of return. Especially since it also had the life insurance benefit, that thankfully was not needed. You now have seen how a good product combined with knowledge works to anyone s advantage....

Life & Health Insurance: Taxation on a Transferred / Surrendered Whole Life Policy Issued in August of 1987, modified endowment contract, irs form 1099
modified endowment contract, irs form 1099, insurance product: It is a pretty complicated matter indeed, and unfortunately one that is much more a tax question than an insurance product question for which I m most suited to answer. I generally decline to provide too many answers on taxation questions because I m not...

Life & Health Insurance: Taxation upon transfer or surrender of single premium whole life policy issued in August 1987, modified endowment contract, irs form 1099
modified endowment contract, irs form 1099, insurance tax: How old is your mother? Why not let her cash it out if she is the owner and not bother with the transfer of ownership? One way or the other the gain will be taxed and if no one is over 59 and a half, there will be a 10% penalty for someone to pay. John....

Life & Health Insurance: taxes on life insurance, Group insurance, taxability of premiums
Group insurance, taxability of premiums: Yes. Up to $50,000 of group life insurance may be paid by your employer and not included in your taxable income. Any employer-paid coverage in excess of this amount will be taxed to you based on an IRS table that specifies the amount includable in your income....

Life & Health Insurance: Use HSA for non-dependent medical expenses?, credit card debt, medical expenses
credit card debt, medical expenses, applying for disability: Jessica, Thank you for the info. It helped me get your correct answer. Now, there are different HSA s but normally the answer is YES. HSA s are your money and you can use them for anything you want. My biggest advice is to keep all of your receipts...

Life & Health Insurance: unique marketing/news release item, fortune 500 company, unique marketing
fortune 500 company, unique marketing, marketing news: Tom, Your questions is a general sales question. The best way to get to the rated decision makers is to find out who makes that decision in the company you are pursuing. Face to face intro is always best so drop by your place you are calling on and...

Life & Health Insurance: whole life insurance vs. term life, whole life insurance, luck john
whole life insurance, luck john, term insurance: You have to decide how much insurance you want to have first. And how long you want it for. Now that you are 62, the price of term insurance is getting higher. You can still get 20 year term insurance of probably 100,000 or more for 45.00 a month. You could...

Life & Health Insurance: COBRA and Medicaid, arizona, health
arizona, health, insurance: You would lose COBRA once on Medicaid. The question is why would you want both? If you get on Medicaid it may be possible to buy a supplement plan for those under the age of 65. This will depend on the state you live in, the disability, etc. I await your...

Life & Health Insurance: Collateral Loan against Term Life Insurance Policy, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, life insurance company: Dear Ruth, Whoever told you that you could use a Term policy for collateral for a loan did not know what he or she was talking about. Term policies almost never have any surrender value. Even those that do are calculated to run out of surrender value at...

Life & Health Insurance: change in beneficiary form, handwriting expert, divorce case
handwriting expert, divorce case, interpleader: Hi Sharon. Look at asqde.org which is one of the two respected associations of questioned document experts. The chap I recommend for Sacramento area cases is in Fair Oaks and also belongs to the other assn. The best way to not get surprised at trial is...

Life & Health Insurance: Healthcare Insurance, aetna hmo, risk pool
aetna hmo, risk pool, part time job: Hi Samantha, Unfortunately, it s a rare thing for me to see somebody with scoliosis being accepted by an insurance carrier. Since you did not indicate what state you reside in it makes a difficult for me to point you in the right direction. At this point,...

Life & Health Insurance: Insurance company refusing to pay although patient was covered, cobra coverage, question deals
cobra coverage, question deals, slow pace: Michael, I am sorry to hear that your fiancee needed emergency care. That is never fun and I hope she is doing better. First things first, it might help if I knew what carrier she had and what the plan design was like. This info may be tough to get...

Life & Health Insurance: LIFE INSURANCE TESTING ONLINE, state of alabama, life insurance
state of alabama, life insurance, insurance: Janet, Unfortunately, I m not aware of the specific laws for a resident in the State of Alabama. However, in all of the states of which I am aware you do not need to go to any school or class before taking the exam. You should be able to just sign up...

Life & Health Insurance: Life insurance, own life insurance, optional benefit
own life insurance, optional benefit, voluntary option: Jeff, Great question and you hit both scenrios right on the head. My professional opinion would be to provide your own life insurance...at least in some amount and type...that is not dependent on an employer keeping their benefits or doors open. I have...

Life & Health Insurance: maternity, typical pregnancy, maternity coverage
typical pregnancy, maternity coverage, health savings plan: Hi Christie, If something sounds good to be true it normally is the truth! Any reputable insurance carrier with a history of paying claims would not accept you as a member until your baby was born. A typical pregnancy can cost anywhere from $5000-$15000...

Life & Health Insurance: policy, fidelity life insurance company, life insurance company
fidelity life insurance company, life insurance company, life insurance companies: Dear Jackson, National Savings Life Insurance Company of Murfreesboro, TN was acquired by Victory Life Insurance which in turn was acquired by United Fidelity Life Insurance Company, Kansas City, MO. Over the years, blocks of NSL policies have been sold...

Life & Health Insurance: policy, life insurance policy, life insurance company
life insurance policy, life insurance company, permanent life insurance: Jackson, An advanced premium deposit fund is basically a deposit into the company s low-interest, guaranteed fund which they then use to pay the premiums in future years. There are generally two reasons people choose to do this, and one is for policies...

Life & Health Insurance: policy, life insurance policy, life insurance company
life insurance policy, life insurance company, premium deposit: Frankly, this sounds like a company-specific term and not a generally common part of a life insurance policy. It sounds like an accumulation fund of premiums paid in advance of when they are due but that would purely be speculation. Sorry I couldn t be of...

Life & Health Insurance: Question about taxes on policy loans., using life insurance, roth iras
using life insurance, roth iras, policy loans: Dear Kevin, I ve actually had to deal with the situation that you are describing. Phyllis M. had had a number of policies on her life purchased by her mother. It was necessary to take special steps to avoid $140,000 in taxes. She, that is Phyllis, passed...

Life & Health Insurance: surrendering life insuance at a loss, life insuance, life insurance policy
life insuance, life insurance policy, insurance adviser: Kathy, According to George Saenz at Tax Talk: When you surrender an insurance policy, generally most of what you receive is a return of the premiums you paid for the policy. Since premiums paid for the policy were never deductible, the return of the...

Life & Health Insurance: taxation of life ins. death benefits, 457 Plans, estate taxes
457 Plans, estate taxes: In most instances, life insurance proceeds are not subject to income taxes. However, if your brother s estate was large enough, the life insurance proceeds will be considered a part of his estate (assuming that he owned the policy), and may trigger federal...

Life & Health Insurance: Alimony and Life Insurance, social security benefit, life insurance policy
social security benefit, life insurance policy, lutcf: Dear Anne, I am sorry that you have had your trust violated, twice. There is no law that would prevent you from being the beneficiary on a policy on his life. However, this may be a provision of some Government programs. My understanding is that since...

Life & Health Insurance: AZ Laws on Beneficiaries, beneficiary designation, life insurance policy
beneficiary designation, life insurance policy, contractual obligation: Hi Amy. Interesting questions. Generally speaking life ins benefits are paid out as a matter of contractual obligation of the insurance company, that is, whatever your beneficiary designation says goes. Now if your husband is not the bene (which is fine...

Life & Health Insurance: bank on your self - company choice, direct recognition, Bank on Yourself
direct recognition, Bank on Yourself: Dear Matt, You can use Northwestern Mutual. However, as a responsible company working to treat all it s clients fairly, they do apply direct recognition to dividend distributions. As I understand Nelson Nash s book, you are told to buy from a company...

Life & Health Insurance: Client, cross plans, mike higgins
cross plans, mike higgins, group coverage: David: The employer is saying that your client has the right to go on COBRA, but the company does not offer group coverage for retirees after COBRA expires. You are correct, an individual plan is the way to go. I prefer Blue Cross plans. If she has few...

Life & Health Insurance: Have to choose HSA or PPO Today!!!, arizona, health
arizona, health, insurance: Hi Trina: Here is a link that will be very helpful, a comparison between HSA s, HRA s, and Flex plans. http://www.utea.org/educatorResources/healthInsurance/pdfs/FlexHRA%26HSAComparison.pdf I still believe HSA s are a better deal for you. Mike Higgins...

Life & Health Insurance: Death and a Lapsed Life Insurance Policy, life insurance policy, cancellation notices
life insurance policy, cancellation notices, power of attorneys: I am sorry for your loss. It is not likely that the policy can be reinstated but I would suggest a call to someone at NY Life other than whoever answers the phone first (i.e. a supervisor) and don t take the first no as the final answer; let them know...

Life & Health Insurance: bank on your self - company choice, loan interest rate, rate policies
Life & Health Insurance: bank on your self - company choice, loan interest rate, rate policies, tht

Life & Health Insurance: do I have to give my benefits to the trust?, life insurance policy, beneficiary change
life insurance policy, beneficiary change, reason time: Cheryl, I m not an attorney, so I definitely recommend that you meet with an estate and probate certified attorney. I also don t know the laws of your state. However, in general unless the trust document specifically allows for the trustee to distribute...

Life & Health Insurance: HDHP plans,HSA,and HSFA, arizona, health
arizona, health, insurance: Ken: Happy Thanksgiving: From the U.S. Treasury Department website... You can have both types of accounts, but only under certain circumstances. General Flexible Spending Arrangements (FSAs) will probably make you ineligible for an HSA. If your employer...

Life & Health Insurance: Health Insurance for a non-dependent, military health care, mail box
military health care, mail box, financial ability: Jarin, Thank you for the message. Sorry it has taken a few days to get back with you. It seems to have missed my e-mail box but I have it now. Your kindness in helping her is wonderful and I know it is appreciated. The easy way to explain: Deductibles...

Life & Health Insurance: Hep C, arizona, health
arizona, health, insurance: Hello Ed: Not all insurance companies deal with the MIB. As an example, Blue Cross of Az. does not, relying upon their own massive data base instead. Possibly the BCBS in your state does not use the MIB either. As for the Hep C, I can only tell you what...

Life & Health Insurance: Hep c, hepatitis c virus, medical information bureau
hepatitis c virus, medical information bureau, health insurance company: Ed, I am so sorry to hear about your diagnosis. Health insurance companies are like any other insurance when you are dealing with the body. They have to consider the person and all issues they have or could have based on underwriting findings. Your...

Life & Health Insurance: insurance for a family member, arizona, health
arizona, health, insurance: Mrs. Mills: If your mother is enrolled in parts A %26 B Medicare the best thing to do is purchase a supplement plan. My recommendation is a Plan F. The Blue Cross Blue Shield in your state will offer such coverage, as do many other companies such as United...

Life & Health Insurance: LIFE INSURANCE, life policies, power of attorney
life policies, power of attorney, insurance company: By law, any policy on a minor, the ownership of the policy reverts to the minor after they become of age, 18. So the power of attorney has nothing to do with the life policies. The children can write to the insurance company and request a duplicate policy...

Life & Health Insurance: LTC decision, t score, unanswered questions
t score, unanswered questions, hancock: Catching up on unanswered questions but I think this is from before we spoke on the phone. I hope all is well and that you have resolved your strategy on this but certainly feel free to let me know if further assistance is needed. Happy holidays. E...

Life & Health Insurance: life insurance excess loan situation, life insurance policy, whole life insurance
life insurance policy, whole life insurance, loan situation: Please try again. It should be available. However, if you can t access it, go straight to www.insurancenewsnetmagazine.com/April09. Willard R. Brumbaugh, LUTCF PS: If the term rider option is still on the policy, to increase the accumulation value of...

Life & Health Insurance: Old Life Insurance Policy, life insurance company of virginia, life insurance policies
life insurance company of virginia, life insurance policies, life insurance company: My research shows that the Life Insurance Company of Virginia is now better known as Genworth Financial. If you have the policies/policy numbers, I would suggest starting with customer service at 1-888-325-5433 and they should be able to help you or hopefully...

Life & Health Insurance: Rio Grande National Life Insurance, libertymutual com, national life insurance
libertymutual com, national life insurance, lincolnlife: Dear Kathleen, You might try these: Liberty Mutual Ins Co, www.libertymutual.com, 800-551-8354, purchased most life policies Lincoln National Ins Co, www.lincolnlife.com, 800-487-1485 ext. 8502, purchased some life policies Willard R. BRumbaugh,...

Life & Health Insurance: Stocks issued to life insurance, state inheritance tax, life insurance benefits
state inheritance tax, life insurance benefits, life insurance company: Dear Mary Ann, It does not matter whether you sell the stock or not; the appraised value of the stock at the time of her death will be included with the other assets of the estate. These will be taxed at the Federal level. If there is a state inheritance...

Life & Health Insurance: should i surrender term life, cash surrender value, money purchase pension plan
cash surrender value, money purchase pension plan, money purchase pension: Whole life is never canceled automatically. There are several ways to reduce or eliminate payments on a whole life policy. If the policy is a participating whole life (i.e. pays dividends), the dividends can be used to reduce the payments each year. A further...

Life & Health Insurance: Transfer of policy ownership, cash surrender value, income tax rate
cash surrender value, income tax rate, death benefit: Monica, Income tax on $40,000 at 10% plus 50% gift tax on $6,000 would be $7,000. 25% income tax on $40,000 would be $10,000. And 30% tax on the $40,000, if you were to cash in the policies, would be $12,000. If you are not concerned about the $3,000 coming...

Life & Health Insurance: AFLAC insurance, hierarchy of need, retirement coverage
hierarchy of need, retirement coverage, disability coverage: James, Great question. I work in the voluntary insurance market as well and I see exactly where you are coming from. I will answer your question this way...it depends on what they are offering. Let me explain. There is a hierarchy of need when it comes...

Life & Health Insurance: Loan on Life Insurance
Life & Health Insurance: Loan on Life Insurance

Life & Health Insurance: Insurance needs, arizona, health
arizona, health, insurance: Mr. Tanner: The short answer is an HSA, (Health Savings Account.) I am insured with this type of policy with a $5500 deductible and 100% coverage thereafter. You may read more about these plans here... http://www.higginscompanies.com/health_savings_account.shtml...

Life & Health Insurance: Life Insurance Proceeds, life insurance proceeds, mike feinberg
life insurance proceeds, mike feinberg, life insurance policies: Your concern is understandable, but as long as you are sure that the premiums are being paid with after-tax funds, the proceeds will be paid out tax-free. The identity and relationship of the beneficiaries/owners to you is not going to change the tax-free...

Life & Health Insurance: Loan on Life Insurance, tax consequences, lutcf
tax consequences, lutcf, brumbaugh: Dear Melinda, In ten years of answering questions, yours is the first of this type. I have to do some research to be sure of my response. I could use some information from you. Is his former company giving him the policy, or is he buying it? Do you...

Life & Health Insurance: Lost Life Ins policy and now cant remember the company, life insurance proceeds, consumer affairs department
life insurance proceeds, consumer affairs department, unclaimed life insurance: This is outside of my area of expertise but I d suggest calling the Department of INsurance in the state in which you believe the policy was purchased and perhaps you can get a list of companies selling life insurance at about the time the policy was purchased....

Life & Health Insurance: life insurance benefit, life insurance policy, capital gains taxes
life insurance policy, capital gains taxes, loan modification: Dear Jeffrey, This benefit, if it comes from a life insurance policy, is not subject to gift, income or capital gains taxes. This money should not be reported to the government, since it is not income. It would be subject to Federal Estate Taxes only if...

Life & Health Insurance: life insurance policy or IRA account, breast cancer survivor, life insurance coverage
breast cancer survivor, life insurance coverage, life insurance policy: Hello.. there are a couple of issues at hand here. One is whether to invest rather than purchase an insurance policy. This is of course an age-old argument and really -- the only way to surely answer the question is to have a crystal ball and know if you...

Life & Health Insurance: National Savings Life Insurance Co (Murrfeesboro TN), fidelity life insurance company, life insurance co
fidelity life insurance company, life insurance co, life insurance company: Dear David, National Savings Life Insurance Company of Murfreesboro, TN was acquired by Victory Life Insurance which in turn was acquired by United Fidelity Life Insurance Company, Kansas City, MO. Over the years, blocks of NSL policies have been sold to...

Life & Health Insurance: Old Life Insurance Policy., new willard, life insurance policy
new willard, life insurance policy, knights of honor: Dear Barry, I have researched this company for you and have found that Knights of Honor went bankrupt in 1916. KOH was a fraternal association for which there was no Guarantee Association to protect its policyholders at that time. The founders of KOH...

Life & Health Insurance: Old Life Insurance Run Around, life insurance company, sorry mike
life insurance company, sorry mike, government employees: If you have the name of the company correct then yes, I believe that you are referring to GEICO. However, I m not sure how much that helps if you don t have any of the companies acknowledging the policy. Do you have proof of continued payment of this policy...

Life & Health Insurance: Policy Value, life insurance policy, tobacco user
life insurance policy, tobacco user, value question: I m sorry you have to live in angst about the amount of the policy. Generally, these policies are placed in a trust so that they don t get included in the estate of the decedent, thus resulting in higher estate taxes. That means that most people who establish...

Life & Health Insurance: PPO vs. Network Plans, arizona, health
arizona, health, insurance: John: The types of plans most common are PPO s, (preferred provider organization,# or an HMO, #health maintenance organization.# Insurance companies often offer both. In Az. HMO s are very expenise, primarily because of the low deductible, first dollar...

Life & Health Insurance: single premium whole life ownership transfer, life insurance policy, retirement vehicle
life insurance policy, retirement vehicle, retirement purposes: Dear Melissa, This appears to be a series of questions that needs to be answered by a CPA. But I can say that a MEC can be used for retirement purposes. Assuming the bonus was a transfer of corporate assets directly into the life insurance policy without...

Life & Health Insurance: Universal Life Policy, universal life policy, lutcf
universal life policy, lutcf, dear mike: Dear Mike, Universal Life at its most basic is Annual Renewable Term insurance in a Whole Life chassis. If you are in good health you should be able to increase the Face Amount of your UL to the $200,000 you want and simply pay the term cost that is built...

Life & Health Insurance: Whole life insurance., whole life insurance, life insurance policy
whole life insurance, life insurance policy, state of massachusetts: Chris, LTC and Medicare is a specialized area and is specific to each state. While I can address this question in regards to other states, I do not know enough about the state of Massachusetts. My recommendation is to try one of the experts in the LTCi...

Life & Health Insurance: 25 year old, arizona, health
arizona, health, insurance: Hi Linda: I assume your company group policy is not with Blue Cross of Texas, is this correct? . If your daughter were covered on a Blue Cross of Arizona group plan and, aged out, at 25, she would simply have a letter, signed by her and the contract...

Life & Health Insurance: Catastrophic Insurance Worth It?, marsh affinity group, home health care
marsh affinity group, home health care, catastrophic health insurance: Jim Good afternoon! Here s the short answer: if you can easily afford $12.67/mo., get the supplemental coverage. It s three cups of Starbucks coffee per month for a financial return in the event of major illness or accidents, especially if your major...

Life & Health Insurance: Change of Ownership on Whole Life Ins., life insurance policy, whole life insurance
life insurance policy, whole life insurance, whole life ins: Gina Good afternoon! Please check with the agent who sold the policy and/or read the policy to be sure of your insurance company s rules, but... Transfer of value means you can lose tax advantages on the death benefit, which is usually not taxed otherwise....

Life & Health Insurance: If/How to get out of Comprehensive Life Policy, equity indexed universal life, universal life policy
equity indexed universal life, universal life policy, 1035 exchange: Dear Ed, 1. In my opinion it would be a good idea to get out of the policy. You could simply request that they cancel it, but I do not believe that that is the best option. It would be wiser to do a 1035 exchange. 2. If you surrender it at this time,...

Life & Health Insurance: Convertion of a Life Insurance Policy, cash surrender value, life insurance policy
cash surrender value, life insurance policy, current interest rates: Your new question suggests that your dividends were accumulating at interest. If this is true, the interest on the dividends has already been taxed. The dividends, themselves, would not have been taxed. So, you would need to add the dividends to the contract...

Life & Health Insurance: Convertion of a Life Insurance Policy, policy values, lutcf
Life & Health Insurance: Convertion of a Life Insurance Policy, policy values, lutcf, brumbaugh

Life & Health Insurance: Major Medical vs Limited Indemnity Plan, mini med, catastrophic coverage
Life & Health Insurance: Major Medical vs Limited Indemnity Plan, mini med, catastrophic coverage, group plan

Life & Health Insurance: My father's life insurance, home hospice care, life insurance policy
home hospice care, life insurance policy, contingent beneficiary: Shaun D., Thank you for emailing me. I am sorry for your loss. Going through that kind of illness can really take its toll on a family. Hope everyone is doing better now. The key with ANY life insurance policy is finding out who the beneficiary was...

Life & Health Insurance: Health Insurance, individual health insurance, amicable divorce
individual health insurance, amicable divorce, legal document: Kathleen, I am sorry to hear about the dissolution of your marriage, That is always a tough time with many ongoing repercussions. This may be better suited for an attorney, but to my knowledge the only people that can be carried on an ex-spouse s coverage...

Life & Health Insurance: Health Insurance Pre-Existing Conditions, Arizona, health
Arizona, health, insurance: Hello Phillip: Portability, (a.k.a HIPAA,) is the most likely option. Possibly you own a business and can get group insurance. Most companies offer group insurance for two or more employees, i.e., you and your wife. Lastly, assistance may be found through...

Life & Health Insurance: HSA (Health Savings Account), time restriction, personal checks
time restriction, personal checks, health savings: Millie, That s a tough one as I deal in HSAs very little at this point. To my understanding, however, there is a 12 month limit on claims to the HSA. I would check with who administers it (holds the funds, etc) and ask them if you can still claim. They...

Life & Health Insurance: health insurance, health savings account, hsa health savings account
health savings account, hsa health savings account, health insurance policies: Debbie: The negotiated rates for care vary quite a bit between insurance companies. If I m with an insurance company such as Blue Cross with excellent negotiated rates, I am not so concerned about the deductible amount as I am the negotiated rates. I ve...

Life & Health Insurance: Individual health insurance, with pre-existing conditions, benefit health insurance, individual health insurance
benefit health insurance, individual health insurance, health insurance plan: Heidi: As crazy as this sounds, $500 a month is a good price. You will be out of luck if you don t apply for HIPAA coverage today, and I would go with Blue Cross. At least get the application in to them so that it s date-stamped. You don t have to pay...

Life & Health Insurance: Iniversal Life Versus Varriable and Adjustable Life, Need for Life insurance, Uses for Life Insurance
Need for Life insurance, Uses for Life Insurance, Permanent Life Insurance: Karl: None of the investment or savings vehicles has the ability to instantly create an estate in such a manner as a life insurance policy. Thus, if you have no estate and want to create one, I suggest purchasing a ten year term life policy. If you are a...

Life & Health Insurance: IRA to Life, life insurance policy, own life insurance
life insurance policy, own life insurance, ira funds: No, you cannot. You cannot do a tax-free transfer of funds inside an IRA to anything other than another rolloved IRA. And since you cannot own life insurance inside an IRA, you would have to take constructive receipt of the IRA funds (which would cause...

Life & Health Insurance: Laid-off: what to do with group life insurance, group life insurance, life insurance coverage
group life insurance, life insurance coverage, term life insurance: Sandy, Thanks for the question. Sorry to hear about the job situation. In my opinion, group life should be the additional stuff you get that merely adds to your insurance portfolio while you work at a place. The main source of your life insurance should...

Life & Health Insurance: LIFE INSURANCE, life insurance policy, permanent life insurance
life insurance policy, permanent life insurance, insurance loans: Dear Carolyn, This is one of the benefits of permanent life insurance. Loans on life insurancer policies, just like loans on one s home, are not taxable unless one is surrendering the polcy for more than what he or she paid for it. Willard R. Brumbaugh,...

Life & Health Insurance: Life Insurance for Aging Parents, life insurance policy, permanent life insurance
life insurance policy, permanent life insurance, annuity products: Dear Kathie, I am sorry for the tone of my response. It was not meant to be a sales pitch. What it was meant to be was an attempt to begin a conversation. What any professional would need in order to make a recommendation would be knowledge of the health...

Life & Health Insurance: Life Insurance: Certificates VS. Policies, third party administrator, life insurance policy
third party administrator, life insurance policy, insurance certificates: Dear KDW, Terminology can be confusing when there is no consistancy of definitions. So, going on past observations, I think that a certificate of insurance would be issued by a group or association policy, probably offered by a third party administrator....

Life & Health Insurance: life Insurance beneficiary, life insurance beneficiary, marriage cert
life insurance beneficiary, marriage cert, death cert: Good day Angela. There are two schools of thought on this. First, your friend could have given you money any time he wanted to and I don t see why he couldn t also do so with life insurance. On the other hand the issue of insurable interest comes up in...

Life & Health Insurance: life ins and dis ins, individual disability insurance, term life insurance policy
individual disability insurance, term life insurance policy, life insurance policy: Mike, I am happy to assist the best way I can on here. I will take your questions in the order you presented them above. As for getting individual disability insurance, that is no easy task. It s possible, but not easy. Most disability policies...

Life & Health Insurance: life ins and dis ins, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, term life insurance: I am very sorry about my response to you. That was a big mistake on my part. I got a message from the website that said somebody gave you one s on your ratings for an answer and they said about disability/life insurance and you were the only one recently...

Life & Health Insurance: life ins and dis ins, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, term life insurance: Hi Mike, My advice would be to find an insurance broker or financial advisior that specializes in life and disability insurance. The agent can look at your entire portfolio and make some recommendations. But for me I would pick a broker. Brokers represent...

Life & Health Insurance: life ins and dis ins, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, term life insurance: Hi Mike, Sorry for the delay. I will approach each question separately. I am not exactly clear what you are trying to accomplish... o Frankly, disability insurance is not my specialty. You need to reconcile your need for that and the amount you need with...

Life & Health Insurance: life ins and dis ins, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, term life insurance: Hi Mike---most of the financial problems brought about by health issues arise due to disability, not death, so you re on the right track about getting that base covered . If you will send me an e-mail we can give you an idea, privately (this forum is public)...

Life & Health Insurance: life insurance, life insurance policy, tax liabilities
life insurance policy, tax liabilities, insurance company: Who is the beneficiary of the policy? Who is the insured person? What is the insurance company? It sounds from what you have told me that he bought the policy with you as the insured person and that he transferred it to you after he was gone. You cannot...

Life & Health Insurance: life insurance, term life policies, term life insurance
term life policies, term life insurance, death benefit: James, I m not a big ban of return of premium policies because mathematically, it is typically not priced well. I would recommend either a whole life policy or a term policy. For strength of company, you can t beat Northwestern or New York Life. ...

Life & Health Insurance: life insurance, life insurance policy, bitter divorce
life insurance policy, bitter divorce, dads side: David, I am sorry to hear about your loss and all the circumstances with your situation. I will be brief and as thorough as I can be. I will atempt to answer your questions and/or provide you with some guidance. POINT 1 - Life insurance pays to the...

Life & Health Insurance: life insurance policy, life insurance policy, life insurance company
life insurance policy, life insurance company, breast cancer: Amy, Unfortunately, there may not be much that can be done. If it was a group term policy, then if she was not paying premiums the policy would not be in force. This is one of the best examples of why people should own their own policies even if they...

Life & Health Insurance: Major Medical vs Limited Indemnity Plan, major medical coverage, indemnity plan
major medical coverage, indemnity plan, employer coverage: Gae Good afternoon! A limited indemnity plan, or mini-med, will not cover catastrophic illness, a long time in the hospital, a chronic condition, or many visits to doctors or major amounts of health utilization. It is meant to provide a smaller amount...

Life & Health Insurance: non-smoker health premiums, Arizona, health
Arizona, health, insurance: Bill: It is likely that most insurance companies you receive a quote from will ask about tobacco use, hence a discount for non-smokers. My point is that the, discount, could be meaningless if the company offering it isn t sound financially and in the...

Life & Health Insurance: Old Rio Grande policy, lincoln life, jefferson pilot
lincoln life, jefferson pilot, lutcf: Dear Norma, Since answering these questions, it appears that my inquirers have been satisfied. Rio Grande National had been acquired by Kentucky Central. The policies that were held by Kentucky Central were then turned over to Jefferson-Pilot and...

Life & Health Insurance: pre 1988 whole life loan or surrender?, modified endowment contract, life insurance policy
modified endowment contract, life insurance policy, confederation life: If the new policy were to be on you, the annuity might yield $9,875 per year for ten years. If so you would be taxed on $7,375 per year. The $9,875 could provide a death benefit of approximately $120,000 with a surrender value of about $100,000 in 10 years....

Life & Health Insurance: Rio Grande Nat'l Life Ins. Co., lincoln financial group, jefferson pilot
lincoln financial group, jefferson pilot, lutcf: Dear Ronny, Rio Grande National had been acquired by Kentucky Central. The policies that were held by Kentucky Central were then turned over to Jefferson-Pilot and Liberty LIfe. JP phone# (336) 691-3000 Jefferson Pilot was merged into Lincoln Financial...

Life & Health Insurance: Single Health Insurance Coverage., health insurance coverage, decent health
health insurance coverage, decent health, previous health: Andrew, I am not sure what state you reside in, so offering specific ideas may not be a capability I have. I can say this... 1 - You need some type of health coverage. Now, if you are only using it for general checkups and the occasional trip for a...

Life & Health Insurance: Supplemental health insurance, supplemental health insurance, federal tax returns
supplemental health insurance, federal tax returns, tax accountant: Robert, Great question. The answer is yes and no...and for the final answer I will defer to a tax accountant based on your situation and based on your state. I know where I live, the situation works this way... - First, we have to look at how the...

Life & Health Insurance: Surrender or Borrow against Life Insurance?, life settlement company, bankruptcy chapter 13
life settlement company, bankruptcy chapter 13, life insurance policy: Dear Susan Here s an idea that might have merit for you, especially if your mom is still insurable. Get a new policy for the difference and sell the current policy to a life settlement company. At her current age such a policy could be $3,000 a year...

Life & Health Insurance: Surrending a Life Insurance, accumulation value, policy loans
accumulation value, policy loans, insurance question: Assuming you are relatively young, it would be wise to let the policy accumulation value cover the mortality charges till your economic situation improves. Pay off the loan as you can. There is no payment schedule with policy loans, so you can set your own...

Life & Health Insurance: TAX FREE OR NOT TAX FREE?, single premium life insurance, policy loans
single premium life insurance, policy loans, dear joseph: Dear Joseph, I understand your feelings. Unfortunately advertising copy has still not caught up with the realities as I have known them for years before 1987. The products are still the best vehicles in the financial field. Just look at what happened...

Life & Health Insurance: VAL and Bank on Yourself, current interest rates, surrender value
current interest rates, surrender value, 1035 exchange: In today s economic world 4% is a good rate of return, and I recommend taking advantage of it. Having not studied Pru VALs, I do not know if they earn dividends. As for the direct recognition issue, one way companies deal with the impact of loans is to...

Life & Health Insurance: AIG/Industry, life insurance industry, contract guarantees
life insurance industry, contract guarantees, valuation systems: Yes, but on the down side is the fact that the guaranteed minimum premium with American General may be only one percent. This is okay for annuities, but life insurance has mortality charges that would be deducted from the accumulation value. A better company...

Life & Health Insurance: Bhandari, jodhpur rajasthan india, central india
jodhpur rajasthan india, central india, uttarakhand: Aye! I am Bhandari and proud of it. The highlight of Bhandari is given as under:- The Bhandari last name is mainly found in Nepal. They migrated southward from Rajputana in early 1100 and subsequently spread over different parts of India. Along with Maharashtra,...

Life & Health Insurance: beneficiary, life insurance carrier, joint tenancy
life insurance carrier, joint tenancy, decedent: Hi Debbie---well then, with a will that over-rides everything else. Assuming it was properly drawn you would get the ins proceeds once they re laundered through the estate; some extra expense perhaps but cash in hand at the end of the day. You might want...

Life & Health Insurance: beneficiary of life insurance, beneficiary arrangements
beneficiary arrangements: Please accept my condolences on the loss of your loved one. With that said, this is a question with legal implications. While I can t give legal opinions, I can give my understanding of this situation. If your boyfriend names you as the beneficiary, freely...

Life & Health Insurance: Catastrophic health insurance, association health insurance plans, health savings accounts
association health insurance plans, health savings accounts, value: Hello, The decision to purchase health insurance is one where you have to see the value in it. It sounds like you value having health insurance, but feel frustrated and a bit annoyed about the premiums continuing to increase, even though may never actually...

Life & Health Insurance: Catastrophic health insurance (asset protection), arizona, health
arizona, health, insurance: Hello J-me: There is a common misconception that group health insurance is less expensive than individual plans. The reality is that group insurance, on average, is twice the cost of an individual plan. This is due to state mandates, maternity, and the...

Life & Health Insurance: Catastrophic health insurance, office management, finacial advise
office management, finacial advise, asset protection: I can definitely give you some advise and options. I am going out for the day and will reply later this evening. In the interim, please feel free to review my company s website and post on a forum. We are a team of experts including financial managers who...

Life & Health Insurance: college grad-individual insurance options, arizona, health
arizona, health, insurance: Hello Michelle: The short answer is: Yes, the HSA is best. You are able to pay for all medical services, including dental and over the counter drugs, with tax-free monies you deposit in your HSA account. Any money left in the account at the end of the...

Life & Health Insurance: Divorce, Pre-Existing Condition, a mess, arizona, health
arizona, health, insurance: Jim: Under COBRA, participants, covered spouses and dependent children may continue their plan coverage for a limited time when they would otherwise lose coverage due to a particular event, such as divorce (or legal separation). A covered employees spouse...

Life & Health Insurance: disability premium taxation, Deductibility of disability premiums
Deductibility of disability premiums: The answer is maybe. If a sole proprietor wishes, they can deduct the premiums for a disability income policy as a health insurance cost. However, this will result in any benefits received for a claim being taxable to the recipient. A better approach is...

Life & Health Insurance: Earnning of Life Agent, life insurance agent, insurance companies in canada
life insurance agent, insurance companies in canada, living in dubai: TChadha, With it being Canada where you are going, I may not be the person to ask. Generally, in the US, you would want to be in a network of businesses to get your name out to the most companies who may be looking for help. It may work that way in Canada...

Life & Health Insurance: Equity indexed universal life with AVIVA, EIULs, Equity Indexed Universal Life
EIULs, Equity Indexed Universal Life: Dear Eric, Before I answer this question, I want to disclose that I am appointed with Aviva. 1. Is it the best place to get an EIUL? I believe so. This may be only true in those states that allow the No Lapse Guarantee. 2. Can they offer me a tax...

Life & Health Insurance: Primerica, dave ramsay, life insurance company
Life & Health Insurance: Primerica, dave ramsay, life insurance company, american general life insurance

Life & Health Insurance: Group Catastrophic Health Plan, marsh affinity group, employer association
marsh affinity group, employer association, catastrophic health plan: Tony, That questioner worked for a university using Marsh Affinity Group, which has a website at http://www.marshaffinity.com/. You re going to have to approach each insurer that you might be interested in pursuing a contract with to see what their philosophies...

Life & Health Insurance: Life Insurance, arizona law, rocketmail
arizona law, rocketmail, steinway: I m sorry to hear about your loss. In most states, and I believe Illinois is the same, the will would dictate who takes the benefit as it would be payable to his estate. If there is no will, it will typically go to the surviving spouse if there is one, and...

Life & Health Insurance: Life Insurance, mike feinberg, good blood
mike feinberg, good blood, complete health: I do not think the family history will affect your abilities to get the best available rates in this case since it is not considered heart disease or cancer. The company I would recommend would depend on a comparison of available products -- depending on...

Life & Health Insurance: Life Insurance, equity indexed universal life, minimum outlay
equity indexed universal life, minimum outlay, preferred health: Dear Bob, At our age a 20 Year Term policy is difficult to find. However, you can get a minimum outlay Equity Indexed Universal Life that would carry to age 84, and beyond if you want. I m not saying that Aviva is the best company, but such a policy...

Life & Health Insurance: Life Insurance, yr term, good blood
yr term, good blood, tobacco use: Hi Bob---your mom s death due to r. fever shouldn t ordinarily be held against you although her death at that early age might raise some underwriting questions. I ran quotes from our best company for term insurance (they also throw in free accidental death...

Life & Health Insurance: Life Insurance, rheumatic fever, higher hope
rheumatic fever, higher hope, good blood: Bob, Your mother s death due to rheumatic fever should not be an issue. They won t even ask about it. They are really only a problem with heart disease. I don t know you re exact health, but a standard non-smoker rating will cost around $300 to $350...

Life & Health Insurance: Life Insurance Benificiary, Beneficiary arrangements, Probate
Beneficiary arrangements, Probate, Life insurance: I suggest leaving each policy equally to five children, per stirpes. This in Latin means by the root. (I am told - not a Latin scholar!). What this means is that if any child were not living at the time of your decease, their share would automatically...

Life & Health Insurance: Life Insurance Payout / Beneficiary, life insurance policy, dave bowman
life insurance policy, dave bowman, social security number: If you are a named beneficiary, you have a right to file a claim against the policy. Having the policy number or the name, date of birth, and/or Social Security number of the decedent, this will be helpful. You will also need proof of death, in the form of...

Life & Health Insurance: Can Life Insurance payments be deductible as alimony, irs pub, life insurance policy
irs pub, life insurance policy, policy spelling: Dear Karen, An irrevocable beneficiary is not the same thing as the owner. The owner is identified in the policy or in an amendment to the policy. It may be possible that the insured is the owner and have access to the cash value of the policy as long as...

Life & Health Insurance: Life insurance, whole life insurance, policy anniversary
whole life insurance, policy anniversary, insurance question: Mirela, Since I can t see the policy it is possible that it is a Universal Life policy instead of a term policy. Since I now know she is 82 years old, I suspect it is a Universal Life policy. A Universal Life policy is similar to a term policy, although...

Life & Health Insurance: Life insurance for terminally ill, life insurance policy, dying of lung cancer
life insurance policy, dying of lung cancer, disability insurance: Kendahl, Sorry to hear about your situation. If several months ago was more than 2 months, it s unlikely she will be able to reinstate the policy. Life insurance is like auto insurance, in that if you know you are going to need it now (e.g., you...

Life & Health Insurance: LOST INSURANCE POLICIES, life insurance policies, home owners insurance
life insurance policies, home owners insurance, social security number: Dear Donna, Life insurance policies of any significance require information from the applicant s doctor. So your mother s physician would have the name of any inquiring insurance companies in her medical file. If she paid for life insurance by check,...

Life & Health Insurance: not legally divorced and have work life ins, divorce in california, california lawyer
divorce in california, california lawyer, insurance product: I would suggest you speak to a California lawyer who specializes in insurance law -- this is a legal question moreso than an insurance product question and therefore I d be less than qualified to give you proper counsel. Hope this helps a little bit! ...

Life & Health Insurance: life insurance and hospice, state medicaid office, life insurance benefits
state medicaid office, life insurance benefits, medicaid law: First, let me express my sympathy for your brother s condition. I know from my own mother s experience how trying a time this must be. I am not an expert on Medicaid law. The amount of resources that an individual can retain and still qualify for Medicaid...

Life & Health Insurance: has life insurance paid, life insurance policies, death claim
life insurance policies, death claim, pre existing conditions: Nancy, Sorry to hear about your loss. Many life insurance policies have a 2 year contestability period. If the insured dies during the first 2 years the company reviews the application and policy to decide if the insured possibly misled the company...

Life & Health Insurance: Nonprofit - donations - paying for medical bills?, charter board, local grocery store
charter board, local grocery store, insurance question: Bonnie, This isn t exactly a Life Insurance question :) Sorry to hear about your nephew. There are a few things that might apply (I m not a tax expert, but have some experience with this). First, a person can give another a gift of up to $12,000...

Life & Health Insurance: PAYOUT TO BENEFICIARIES, social security number, skip tracer
social security number, skip tracer, death claim: the ins. co. will make a check out for 1/3 to each of you and give it to ONLY to each of you or mail the check to each one that fills out a death claim and you have to prove who you are. If you know your brothers social security number you can hire a detective...

Life & Health Insurance: Primerica, life insurance policy, life insurance companies
life insurance policy, life insurance companies, customer ignorance: Dear Jay, This along with what is happening to AIG is a delightful example of pay back. Primerica, ever since its inception as ALWilliams, has built its book of business on misrepresentation and customer ignorance. This is not to say that all of its agents...

Life & Health Insurance: Privacy of Medical Info, term life insurance policy, life insurance policy
term life insurance policy, life insurance policy, term life insurance: Hi Amanda, As the owner of the policy, the agent is required to tell your mother how they determined the premium. Which would include the smoker rate. I know it will be embarrassing but the alternative could be worse and that would be if you would pass...

Life & Health Insurance: pre-existing conditions, arizona, health
arizona, health, insurance: Hi Julie: Not all cancers are considered the same disease, but the underwriting is usually the same for all cancers. I m referring to individual plans, not group plans. As mentioned previously, on individual plans the AZ. applicant would have to be 10 years...

Life & Health Insurance: pre-existing conditions questions, short term disability, cancer policies
short term disability, cancer policies, disability policy: Julie, Thanks for letting me try and help... I will try and stick to your two points - #1 - Pre-Existing Conditions are set differently based on the policy you are applying for. Usually the amount of time that must pass by to be eligible for coverage...

Life & Health Insurance: pre-existing conditions, healthcare topic, federal guideline
healthcare topic, federal guideline, creditable coverage: Julie Good afternoon! or morning where you are at this moment. I am going to assume you are now looking for personal insurance again. Please correct me if I m wrong. The exact definition of what is a pre-existing condition varies by state. HIPAA,...

Life & Health Insurance: Recession and Health Industry, insurance fraud
insurance fraud: Baris, Apologies for my delay, I thought I had answered this for you... ! Insurance Fraud takes on many guises, what is anticipated during times of recession is people making false claims to gain financial reward or what tends to be far more common,...

Life & Health Insurance: Recession and Health Industry, RECESSION & HEALTH INDUSTRY VS. PICKING MONEY OR STRUGGLE FOR SUCCESS.
RECESSION & HEALTH INDUSTRY VS. PICKING MONEY OR STRUGGLE FOR SUCCESS.: Dear Baris: Thanks again for your referring the follow up question. It helps my Brain Storming and developing new flow of participation of thinking with you. Money is not a problem in this world. It depends upon our working. Always remember: 1. ...

Life & Health Insurance: Recession and Health Industry, health care market, health care reform
health care market, health care reform, nahu: Baris, What involvement the government has or had is always hard to say. The health care market and industry have always been in the government s sites, but you never really know to what extent until something happens or after the fact. I feel that they...

Life & Health Insurance: Recession and Health Industry, buying a new car, health procedures
buying a new car, health procedures, generic level: Baris, Of course the first problem with reducing the price is that you still have to make a profit at some point. A second problem is managing your brand value. If you have a brand value that indicates strength, exclusivity and focus to the high-end,...

Life & Health Insurance: Retirement savings & Life Insurance combined, life insurance savings, universal life insurance
life insurance savings, universal life insurance, life insurance policy: Jasmine, An IUL is some kind of a universal life insurance policy. It is a life insurance policy based on interest rates. If the company has a good return on their interest rates, then you will make more. if it does not there is a minimum interest...

Life & Health Insurance: Tax consequences of Single Premium Life, tax consequences, life question
tax consequences, life question, death benefit: Thats what I was wondering if you received them each year or were they used to buy additional death benefit which it sounds like they were. If one pulls out money, they just convert the excess death benefit to cash and give ot to you on a withdrawal or as...

Life & Health Insurance: Term insurance, stock market performance, fixed annunity
stock market performance, fixed annunity, roth ira: Hi again Bobbie---here s something else to consider---put the $800,000 into a qualified IRA annuity that will guarantee you $50,000 per annum for life; we then get you a universal life policy for $50,000 per year premium (this should be around $700,000 of...

Life & Health Insurance: Variable Appreciable Life Cash Value Best Practices?, equity indexed universal life, loan interest rates
equity indexed universal life, loan interest rates, life insurance policy: Dear Andrea, I think that you are old enough to remember a previous cycle of inflation in which it was the conventional response to buy now to avoid higher costs later, and to take advantage of paying back loans with devalued money. Unfortunately this very...

Life & Health Insurance: Whole Life Surrender, whole life insurance policies, whole life insurance
whole life insurance policies, whole life insurance, life insurance policies: Dear Jason, The only way to avoid the taxation of what I refer to as phantom interest is to keep the policies in force till your dad passes on. Do whatever you can to keep these policies in force. It is interesting to me that just at the time I have an...

Life & Health Insurance: Cobra, arizona, health
arizona, health, insurance: Thank you Michael: Your son has a couple of options. One, as mentioned previously, is to ask BCBS if he can convert to an individual plan with no underwriting. They most likely will allow this, as most BCBS s do. But if they don t it s not a big deal....

Life & Health Insurance: Cobra coverage, arizona, health
arizona, health, insurance: Hello Kasha: The easiest, and best way to get the answer you need is to simply ask the new group health insurance company if you will have a waiting period on the pre-existing conditions because you had a break in coverage of 45 days. The insurance company...

Life & Health Insurance: Colloecting Life Insurance Proceeds, life insurance proceeds, connecticut general life insurance
life insurance proceeds, connecticut general life insurance, group life insurance: Contact (800) 238-2125 x 3021 Chuck Beyer. I left a message with your information this morning at 9:30 EDT. Please let me know how this turns out. You can e-mail me at willardbrumbaugh@yahoo.com or call me at (888) 792-2379. Willard R. Brumbaugh,...

Life & Health Insurance: cash surrender, cash surrender, death benefit
cash surrender, death benefit, lutcf: Dear Thadduess, I need a lot more information about the policy than you have provided here. If this was a guaranteed cost policy, the surrender or loan value would be substantially less than the face amount at your age. On the other hand, if this is...

Life & Health Insurance: Daughters' preexisting condition, arizona, health
arizona, health, insurance: Hi Cindy: The first thing to do is ask your current insurance company if they will transfer your daughter to an individual plan without having to go through underwriting. As an example Blue Cross of Arizona does this when a dependent is, aging-out. ...

Life & Health Insurance: Divorce, arizona, health
arizona, health, insurance: Hello Lisa: You and your children have the right to stay on your current group health insurance plan for up to three years through COBRA. If your husband has an individual/family plan you can simply ask the insurance company to be split off his policy onto...

Life & Health Insurance: fathers life insurance, life insurance company, insurance question
life insurance company, insurance question, hi thanks: Phil, There are databases and every policy that is issued has a history listed with the state it was written in. If you know the state then start with their department of insurance and go from there. They should keep a record of all policies written under...

Life & Health Insurance: found old life nsurance policies my dad took out on me, national life insurance co, life insurance co
national life insurance co, life insurance co, national life insurance: Hi Rosemary---sounds to me like you were talking to some low level clerk. Short answer: no it isn t true. What I would suggest you do is request a death claim form; you re not proposing to cash out the policies as that s done during the lifetime of the...

Life & Health Insurance: Group vs. Private vs. Medicaid vs. Cobra, arizona, health
arizona, health, insurance: Hello Reneh: Allow me to start by listing the best solution first, and answering your other concerns afterward. Having lost 62 pounds some years ago I know it can be tough to do. But losing weight is the best answer, and all you need to do is get within...

Life & Health Insurance: Individual Health Insurance with heart disease history, health insurance broker, individual health insurance
health insurance broker, individual health insurance, group health insurance: Hi Toni, It is a little hard to say exactly what your options are since I don t know the extent of your heart condition. But here is a couple of different options to consider. First, if the newspaper has more than 20 employees then the insurance company...

Life & Health Insurance: Insurance Policy, insurance policy, personal experience
insurance policy, personal experience, grandmother: I would go to www.mib.com and look towards the bottom of the page. They offer a policy locator service (which I have not personally used so I cannot endorse or provide personal experience) which does cost money. This is the only method I know of locating...

Life & Health Insurance: insurance, Death Claims
Death Claims: Please accept my condolences on your sister s passing. I know this must be a very difficult time for you. Most insurance companies pay an uncontested claim without undue delay. The average time to settle a claim once all requirements have been submitted...

Life & Health Insurance: about insurance, ENSURE EMERGENCY FUNDING NOT BECAUSE SOMEONE IS DYING BUT BECAUSE SOME ONE HAS TO LIVE.
ENSURE EMERGENCY FUNDING NOT BECAUSE SOMEONE IS DYING BUT BECAUSE SOME ONE HAS TO LIVE.: Dear Abdul: Thank you very much for referring me the question. Keeping in view your particulars, provided, I have designed a plan for you. The plan starts with 1,230,000 protection against Rs.3,085/= per month but on paying the same on Yearly Basis...

Life & Health Insurance: Life Insurance, life insurance policies, savings bank life insurance
life insurance policies, savings bank life insurance, beneficary: Hi Orrin, The only specific thing that I can say regarding these types of policies is to look out for who gets the death benefit. Often times when you buy life insurance from a bank then they are listed as the beneficary. So if you pass away then the...

Life & Health Insurance: Life Insurance on Absentee Parent, personal life insurance, life insurance policies
personal life insurance, life insurance policies, individual life insurance: Individual Life insurance policies require an application form which is signed by the proposed insured. I didn t specify that there is a difference between our agency s policy and the law because to the best of my knowledge there isn t -- I don t know of...

Life & Health Insurance: Life insurance Cash Value, surrender charge, surrender charges
surrender charge, surrender charges, surrender value: Desr Abe, Until the surrender charges period has ended only the surrender value can be accessed, borrowed or transferred. Depending on the type of policy you have and company rules, you might be able to have the Face Amount of your current policy reduced....

Life & Health Insurance: Long Term Policy Premium Increases, state insurance department, ltc policy
state insurance department, ltc policy, class basis: Unfortunately there s nothing able to be done as the contracts are guaranteed renewable, which provides the companies with the right to raise premiums on a class basis (as long as they are not raising for specific individuals only) and can gain approval from...

Life & Health Insurance: life insurance after a death, beneficiary clause, life insurance policy
beneficiary clause, life insurance policy, biological children: Hi Lissa--I m sorry for your loss. Unfortunately, the beneficiary clause of life policies governs who gets the benefit. Only if it was paid to his estate and he died without a surviving spouse would you and your sister take and then it would require probate....

Life & Health Insurance: life insurance policy, life insurance policy, google
life insurance policy, google, pertinent info: Jay Powers, There are ways to find life policies, but not sure how easy it would be priot to 9/11/01 when they really started the datatbase they use for that. I will have to find the name of the database for sure to tell you exactly along with some other...

Life & Health Insurance: Policy, responsible company, lutcf
responsible company, lutcf, brumbaugh: Dear Kalyn, You should be able to call the company for a claim form. If you cannot find the company due to a name change or merger, contact me with the name and address that you have, and I will find the responsible company. Along with the filled out...

Life & Health Insurance: pre-certification responsibility, pointing fingers, billing office
pointing fingers, billing office, insurance card: Judith, So sorry to hear about your issues. I do hope things are better save for this trouble you are asking me about. Every situation and company and doctor is different. I will give you my opinion on the items you are mentioning and then will try...

Life & Health Insurance: Quick Question, life insurance policy, capital gains
life insurance policy, capital gains, lawyer: Hi Skyler, Usually there are not any taxes that need to be paid on the benefits from a life insurance policy. But it does depend on what type of policy it was. If the policy received any kind of capital gains then it may be subject to some taxes. The...

Life & Health Insurance: Quick Question, life insurance policy, www irs gov
life insurance policy, www irs gov, long term care insurance: This is out of my expertise since I focus only on long term care insurance and not life but my guess is that proceeds from life insurance are not taxable. I bet you can find out on www.irs.gov and search their website or call the tax help line they have. Or...

Life & Health Insurance: Quick Question, life insurance proceeds, life insurance policy
life insurance proceeds, life insurance policy, tax money: Skyler, Thank you for the inquiry. Sorry it has taken a few days to get back with you. Our power has been out since Sunday and getting time on the internet is now rather rationed. Most policies out there would not require you to have to pay taxes on...

Life & Health Insurance: Quick Question, life insurance policy, insurance payout
life insurance policy, insurance payout, slow response: Hi Skyler, Sorry for the slow response and please accept my sympathies for your loss. In general, if you receive a life insurance payout because of the death of an insured person such as your spouse, the benefits are not taxable income and do not need to...

Life & Health Insurance: Quick Question, life insurance policy, policy documents
life insurance policy, policy documents, questioner: Dear Questioner: Can you please email your policy documents after scanning! I wanted to go through your documents before my final reply. Usually, no tax is paid against Life Insurance Policy, however, if it is paid, it ought to be mentioned in the documents....

Life & Health Insurance: Quick Question, irs publication 525, life insurance proceeds
irs publication 525, life insurance proceeds, life insurance policy: Skyler Good evening! Generally, life insurance proceeds from a death benefit are not taxable. If you generate interest on the benefit, you must report interest as taxable income. In other words, if you get more money than just the stated policy benefit...

Life & Health Insurance: Quick Question, interest rate option, fixed indexed annuities
interest rate option, fixed indexed annuities, life insurance policy: Hi Skyler. Good question. Sorry for your loss. A response and a suggestion for you. No, there are no taxes payable on this, it is totally free and clear net to you. The suggestion: if you don t need the money and won t for some time to come, rather than...

Life & Health Insurance: Redemption of life insurance policy, cash surrender value, life insurance policy
cash surrender value, life insurance policy, tax consequences: Eric, No, not really. If you surrender a policy and the cash value is greater than the total premiums paid, the gain is treated as ordinary income and taxes are applied appropriately. If your cash value is less than the total premiums paid, then...

Life & Health Insurance: Rio Grande Life Insurance policy, life insurance policy, lincoln national
life insurance policy, lincoln national, lutcf: Dear Larry, Those that I have answered have not passed on to me their results, so I can only guess that they were satisfied. Below are numbers that might work for you. JP phone# (336) 691-3000 LL phone# (864) 609-8111 Lincoln National (866) 835-3223...

Life & Health Insurance: Student health insurance, arizona, health
arizona, health, insurance: Hello Ann: Assuming your son is healthy, he can simply apply for an individual plan through a local insurer. I recommend your local Blue Cross Blue Shield. The premium will be considerably less than nearly identical coverage on the group plan. Young males...

Life & Health Insurance: Taxation of Life Insurance, 1035 exchanges
1035 exchanges: Dear Tracy, 1. If you were to surrender your policy at this time, you would be taxed on $13,419. Thus doing a 1035 exchange would save you about $4,000. 2&3. If you were to pay down the loan to $75,000 and pass the loan into the new policy, there would...

Life & Health Insurance: tax on cash-out of life insurance from my father, life insurance contract, form 1099
life insurance contract, form 1099, insurance company: The sum of ALL premiums paid are considered return of premium (your own money) which is non-taxable. Any gain above and beyond that amount is considered ordinary income. The company knows this and the IRS only knows what the insurance company tells them...

Life & Health Insurance: VUL cash out, stock market losses, life insurance policies
stock market losses, life insurance policies, surrender charges: Dear Stefanie, I do not believe that he will be able to offset his losses in a timely manner by cashing out the policies. However there is a way to account for the premiums that he has paid into the policies. Before I get into how to do it, I want to...

Life & Health Insurance: Whole Life Cash Surrender Value, cash surrender value, lutcf
cash surrender value, lutcf, death benefit: Dear Stephen, Since you have had this policy for 40 years, it is possible that you were one of my first policyowners. So I may have not given you as much information as you deserved. As a result there is some confusion on my part as to how you are defining...

Life & Health Insurance: Whole Life Insurance Loans, whole life insurance, share insights
whole life insurance, share insights, insurance loans: Dear Bonnie, It would appear that you have nothing to gain by surrendering these policies. It is not that you will be paying taxes on the loans. It is the imputed value of the policies in excess of the premiums paid that will be taxed.. If you will call...

Life & Health Insurance: whole life CSV, lutcf, s education
lutcf, s education, fafsa form: Dear Doris, The term policy will either get increasingly more expensive, or the face amount will go down, possibly both. The whole life policy, on the other hand provides you the opportunity borrow and restore as often as it suits you. Remember, the...

Life & Health Insurance: US Army life Insurance from 1944, social security number, army life
social security number, army life, insurance premium: Contact the Veteran s Administration and provide your Dad s old military I.D. number or at least his Social Security number. Many veterans kept the old NSLI policies when they left the military, but had to pay the premiums to keep them in force. Hope this...

Life & Health Insurance: Beneficiary designation, beneficiary designation, life insurance policy
beneficiary designation, life insurance policy, contingent beneficiary: Meribeth -- I apologize but this is a question that specifically deals with state laws (which I would imagine are different in each state) having to do with divorce. While the underlying question is in regards to life insurance, it isn t a product question...

Life & Health Insurance: Depression as a pre-existing condition, arizona, medical
arizona, medical, insurance: Carrie: You have absolutely nothing to worry about. The treatment you are receiving is very common, millions are receiving the same type of care. Even if this diagnosis did, follow you around, it wouldn t be that big of a deal to an insurance company....

Life & Health Insurance: disability insurance, Pre-existing condition
Pre-existing condition: I m not aware of any best company - if that means that they will ignore a pre-existing condition. Disability income is underwritten individually, so pre-existing conditions must be revealed at the time of application. Most carriers can rider out certain...

Life & Health Insurance: Flexible premium adjustable life insurance, insurance costs, surrenders
insurance costs, surrenders, life insurance: The reason the cash value starts to decline after age 95 is because the monthly insurance costs that are deducted at that age are much higher than they are now. And they come out of the cash value just as they do now. Your premiums now pay those but because...

Life & Health Insurance: Is it Fraud, arizona, health
arizona, health, insurance: Carrie: It depends on whether it s a group plan or individual/family plan. On a group plan a divorced spouse may stay on the plan for up to 3 years through COBRA. If it s an individual plan your boss could simply have his ex-wife convert to her own policy...

http://en.allexperts.com/q/Life-Health-Insurance-1543/2009/5/f/Depression-pre-existing-condition-1.htm


Life & Health Insurance: Group Insurance though Employer, health insurance plan, insurance on line
health insurance plan, insurance on line, group insurance: Christina: The bad news first: The reality is that if you do not continue with the insurance it is certainly guaranteed that you won t have a house payment to worry about, as there will be no house. You are facing some very, very large medical bills in...

Life & Health Insurance: graded death benefit whole life insurance, e mail address, whole life insurance
e mail address, whole life insurance, death benefit: Leslye, There are things out there that can help. I have an insurance broker firm sending me an application for something today, but would need your e-mail address to forward it on to you. I always hesitate asking this info, but what I send you will...

Life & Health Insurance: Health, Dental, Vision at kinda new job?, cobra coverage, waiting periods
cobra coverage, waiting periods, texas department of insurance: Leigh, I will start by saying I am sorry and congratulations all at once. We can all be thankful for opportunities that come our way. I am not as familiar with the great State of Texas and their laws concerning coverage when this type of thing happens....

Life & Health Insurance: Health Insurance, preventative measures, claims history
preventative measures, claims history, group claims: Alia, Excellent question an the answer is normally yes. Many times health care rates are driven by claims history. In other words, it will start at one premium. Then, as you use the insurance they will usually evaluate each 12 month period on usage and...

Life & Health Insurance: Hospital Indemnity Insurance, arizona, medical
arizona, medical, insurance: Jessica: The premium that your family is paying changes everything. There is no need to look at outside coverage or HSA s. The premium is very low, and it is likely the employer is picking up at least half the cost, but likely more. Spending $516 a year...

Life & Health Insurance: Insurance 101, safe travels, hopitals
safe travels, hopitals, worng: Mansoor, Thanks for those responses and I hope you have safe travels. That is a big move for someone so young, but it sounds like you are getting ready quite well if you thinking about things like insurance. California, as you know, may always be a...

Life & Health Insurance: Insurance 101, hopitals, insurance purposes
hopitals, insurance purposes, group insurance: Actually non-citizens are welcomed with open arms at our emergency rooms; if you have available to you some group insurance through your school or work for example, I would suggest getting same, but at least here in Arizona no one is turned away from emergency...

Life & Health Insurance: Insurance basics, arizona, health
arizona, health, insurance: Hello Mansoor: Young males such as yourself are the least expensive to insure. The cost of health insurance for you will be much lower than for most people. Prices will range from $30-$300 a month depending on the type of coverage. I suggest an HSA, (health...

Life & Health Insurance: ins. coverage for treatment by provisional licensed psychologist, licensed psychologist, insurance situation
licensed psychologist, insurance situation, provisional license: Maggie, As with most out of network issues, you usually come out the best by discussing your insurance situation directly with the physician and your carrier to see what qualifies under your plan in particular. Sometimes the physician can find ways to...

Life & Health Insurance: insurance claim payout, life insurance company, sole beneficiary
life insurance company, sole beneficiary, pretax dollars: Rene, I am very sorry for your loss. As for the policy, it sometimes depends on the wording of the policy as to the taxability. Most life policies are not taxable but some policies are if they are paid with PreTax dollars through a place of business...

Life & Health Insurance: Life Ins CSV Gains and losses, 1035 exchange, lutcf
1035 exchange, lutcf, accurate answer: Dear Kirk. What is the basis for surrendering these policies? Might a 1035 exchange resolve the issue? How old is this client? Are there loans on these policies? Are they both whole life policies. And how much are they for? I realize that these questions...

Life & Health Insurance: Life Insureance, medical information bureau, life insurance policy
medical information bureau, life insurance policy, human resources department: If you know the name of the insurance company, you should call them. If not, start by googling the term unclaimed assets - (your state) or use the state the policy was written in. If your former boyfriend died less than the statute of limitation on unclaimed...

Life & Health Insurance: lapsed term insurance, policy language, term insurance
policy language, term insurance, insurance policy: Sharon, I am very sorry for your loss. I can not say enough about the process of grief you and others will go through. You will be in my prayers. Each company is a little different with regards to the lapsing rules. Many times, however, if a policy...

Life & Health Insurance: life insurance, dear dave, lutcf
dear dave, lutcf, term coverage: Dear Dave, If the funeral home is trying to collect on some policies, get them. They might be the ones the niece said were terminated. If they were Whole Life policies, there may have been some extended term coverage that might have lasted till his death....

Life & Health Insurance: life insurance claim, state insurance commissioner, j c penny
state insurance commissioner, j c penny, life insurance policy: He would have had to sign the application even if she was the owner who paid for it. You can t buy a policy on someone who cannpt sign the application. She needs to contact the state insurance commissioner in the state where she lives and file a complaint...

Life & Health Insurance: Medical Bill, blue shield insurance, blue cross blue shield insurance
blue shield insurance, blue cross blue shield insurance, blue cross blue shield: Raph, I usually answer questions people have, but will comment on your comment anyway since you took the time to send it. Situations like this do happen and MRIs seem to be major culprits for this type of issue. The doctor who assigned the MRI should...

Life & Health Insurance: Medical Bill, arizona, health
arizona, health, medical: Hello Ralph: You have proven, through the words that you have written, an understanding that the first rule in a dispute of this sort is to communicate your position in a professional, clear manner. Continue to do so when dealing with BCBS in your state,...

Life & Health Insurance: Medicare supplement insurance, medicare supplement insurance, medicare supplements
medicare supplement insurance, medicare supplements, medicare plan: Jarvey, This webpage may help clear some things up: http://www.medicareadvocacy.org/FAQ_ManagedCare.htm#Enrollment%20and%20Lock-in It states what you mentioned, but I am not sure about your enrollment in the other and it s stipulations. I found...

Life & Health Insurance: pregnancy question, arizona, health
arizona, health, insurance: Robert: Firstly, double check my answer with your new employer s HR department or the new insurance company. Every state has different laws and mandates, and I am only familiar with Arizona s. That said, your situation seems pretty clear cut, and you...

Life & Health Insurance: Supplementary Insurance, supplemental health insurance, washington state department of insurance
supplemental health insurance, washington state department of insurance, primary health care: Arun, Thank you for your e-mail. I am not sure what you are defining as Supplemental Health Insurance so to answer your question may be difficult if we are not on the same page. I will say this: 1 - If it is truly Supplemental then it will pay what the...

Life & Health Insurance: supplemental health insurance, group insurance plan, supplemental health insurance
group insurance plan, supplemental health insurance, hospital confinement: Dave, Congrats on the new offering. I am not sure what you are used to, but a $20.00 copay for visits is not bad in today s topsy turvy insurance economy. As for supplemental insurance to help cover some costs I know there are plenty of plans out there...

Life & Health Insurance: BOY Lafayette Life, college financial aid, savings bonds
college financial aid, savings bonds, verizon cell: Dear Michelle, I am familiar with the concepts involved in your query. They do work, but there are some issues not every agent is fully aware of. In order to properly advise you I would need to see the sales materials and a copy of the policy itself. If...

Life & Health Insurance: Cash Value Protection, life insurance contract, death benefit
life insurance contract, death benefit, stable company: Darren, Doug Andrews concept of using the equity in your home to invest and to make more money on the spread is not necessarily a bad strategy. In fact, there are very few strategies that I would call bad , just like there are few investments, insurance...

Life & Health Insurance: damages award taxable, damages award, cataract surgery
damages award, cataract surgery, medical malpractice: I don t believe it s taxable but it s also on the light side. I would suggest you consult with a medical malpractice atty before you do anything else; you might strike a deal that the first $35k you get out of it free of charge; the atty gets a % for recovery...

Life & Health Insurance: Executor for Estate, common law spouse, american income life
common law spouse, american income life, cardiac failure: Dear Rita, I talked to a service rep at AIL. She said that if this policy is less than two years old, they need to review the insured s medical records in order to verify the eligibility of the claim. I don t know if this situation applies to your aunt...

Life & Health Insurance: Flexible Premium Variable Life Insurance, cash surrender value, variable life insurance
cash surrender value, variable life insurance, life insurance policy: I m sorry to learn you were hard sold a policy that is clearly not appropriate for you. While most flex premium variable policies have a surrender charge that extends for many years, here s a line of thinking you may want to explore. Many companies offer...

Life & Health Insurance: Cash Value Protection, interest guarantee, missed fortune 101
Life & Health Insurance: Cash Value Protection, interest guarantee, missed fortune 101, douglas andrew

Life & Health Insurance: Searching for a policy number, social security numbers, ancestry com
Life & Health Insurance: Searching for a policy number, social security numbers, ancestry com, demutualization

Life & Health Insurance: My father's life insurance policy, life insurance policy, life insurance policies
life insurance policy, life insurance policies, father mother: I would think you should call the insurance company to find out -- do you have the policies? If not, I would suggest going to www.mib.com and clicking on the ad for policy locator, this is the only way I know of locating insurance policy information when...

Life & Health Insurance: Health Insurance, arizona, health
arizona, health, insurance: David: The benefit of being on a group plan is that pre-existing conditions will likely be covered once enrolled in the group plan, you can t be denied coverage, and maternity is covered. Not so on an individual plan. But if you are reasonably healthy,...

Life & Health Insurance: Health insurance, health insurance companies, heart attack
health insurance companies, heart attack, health insurance: You will just have to keep trying. You may be able to get if after it was 5 years ago but it is not promising. He may never be able to get it. Thats the problem with health insurance, companies don t want to write a policy that they pretty much figure is...

Life & Health Insurance: Insurance Policy on Children, life insurance policy, extenuating circumstances
life insurance policy, extenuating circumstances, decisionmaker: I m very sorry for the loss of your sister and I m sorry that my answer is not likely to be good news. A life insurance policy is a contract between it s owner and the insurance company to complete a transaction if the contract is in effect at the death...

Life & Health Insurance: Life and Health Insurance Exam /State of NJ, variable life insurance, life insurance products
variable life insurance, life insurance products, fixed indexed annuities: Dear Angelina, It would appear that Kaplan is more interested in marketing securities than selling life insurance. I suggest that you contact the New Jersey Department of insurance to learn of what life insurance schools qualify you to take successfully...

Life & Health Insurance: Life Insurance Claim, life insurance policy, lincoln national
life insurance policy, lincoln national, lutcf: Dear Jimmy, Those that I have answered have not passed on to me their results, so I can only guess that they were satisfied. Below are numbers that might work for you. JP phone# (336) 691-3000 LL phone# (864) 609-8111 Lincoln National (866) 835-3223...

Life & Health Insurance: Life insurance, cash surrender value, life insurance policy
cash surrender value, life insurance policy, social security number: Only the cash surrender value of the policy would be considered. As to whether that should be considered, I do not know. However, the steps that I described in regard to your father would not apply in her case, since Federal privacy rules would interfere....

Life & Health Insurance: LTC, Bed reservation benefit
Bed reservation benefit: This is called a bed reservation benefit. A long term care insurance policy usually provides for a bed reservation of say, thirty days a year so that the individual can come back to the nursing home when their visit home or hospital stay is over. You may...

Life & Health Insurance: LTC, nursing home administrator, temporary absence
nursing home administrator, temporary absence, hospitalization: I m not sure if you are talking about your grandmother needing LTC in a facility like a nursing home or if you are asking how charges work if she has LTC insurance which is what I mostly deal in. If she does not have insurance, then I think each nursing...

Life & Health Insurance: Medicare benefits, medicare supplement plan, medicare supplement plans
medicare supplement plan, medicare supplement plans, group health plan: Janice Good afternoon! You will pay for PT through Medicare Part B after COBRA is exhausted, according to the scenario you ve presented. Therefore, you will pay 20% of the costs and Medicare will pay 80%, after a $135 deductible, if you don t get a...

Life & Health Insurance: Searching for a policy number, florida unclaimed property, state of florida unclaimed property
florida unclaimed property, state of florida unclaimed property, social security number: Dear James, Forty-five years is a long time to hold information. However, if you have your mother s Social Security number either the State or Prudential may be able to help you. If you do not have her SS number, you should be able to get it from her Death...

Life & Health Insurance: TAXES & INSURANCE, accelerated death benefits, taxability of life insurance
accelerated death benefits, taxability of life insurance: First, let me offer my prayer that the doctors will be confounded and your wife will be healed. With respect to your question, accelerated death benefits are not subject to income taxes. As estate tax and gift tax exclusions are changing annually under...

Life & Health Insurance: Temporary Producer Licence, department of insurance, angelina
department of insurance, angelina, insurance: Angelina, This is very specific to each state, as many states are different. I recommend that you email your state s department of insurance. They will be able to answer this for you quickly. For example, here in Texas before someone can receive...

Life & Health Insurance: taking insurance, insurance options, payment arrangement
insurance options, payment arrangement, deciding what type: Hi Kristy, I don t see how your school has any right in deciding what type of insurance companies you choose to participate with. If you are restricted and this woman is in need of your service you should work out a payment arrangement with her. There...

Life & Health Insurance: Bank on Yourself, policy loans, failed marriage
policy loans, failed marriage, dear ann: Dear Ann, First, I am sorry to learn of your failed marriage. I know the hurt you have been going through. The bank on yourself concept is not dependent on a specific level of income. The $50,000 figure is more for marketing purposes. You can start...

Life & Health Insurance: BOY -Why not Variable, life insurance policy, accumulation value
life insurance policy, accumulation value, life insurance companies: Dear Sharon, Variable Life policies are a wonderful products for life insurance companies, in that they guarantee only the death benefit. The loan value is subject to change due to the vagaries of the stock market. You have seen how volatile the stock...

Life & Health Insurance: Breast Cancer, disability insurance, pre-existing conditions
disability insurance, pre-existing conditions: My wishes for a successful surgery and speedy recovery. The short answer to your question is no. Under normal circumstances, a disability company will not offer a policy to someone with a pre-existing condition that may increase the odds that they will...

Life & Health Insurance: How much and what balance?, universal life, term life
universal life, term life, long term care: Jim: Thanks for a most detailed and challenging question. First, let me say that as a Boomer just a year ahead of you and your wife, I face pretty much the same dilemma and have asked myself the same questions. There are no easy one-size-fits-all answers....

Life & Health Insurance: Changing health insurance plans with current employer, health insurance plans, hmo policy
health insurance plans, hmo policy, endocronologist: Follow up... Some states may have implemented pregnancy laws and the National Health Care reform is looking into mandates on it...but nothing is in stone that I am aware of. I do know that services have been denied in the past for pregnant women without...

Life & Health Insurance: Cobra, arizona, health
arizona, health, insurance: Hello Sharon: My first question would be why your daughter stopped payment on the checks? Understanding that the company had not processed the checks in a timely manner, was there any other indication that she had no coverage during this time, such as something...

Life & Health Insurance: Cobra coverage and new baby, arizona, health
arizona, health, insurance: Hello Holly: The newborn is covered the minute he or she is born. (Congratulations by the way!) You may need to notify the insurance company within 30 days of birth that you want to add the child to the plan, but often the insurance company will send you...

Life & Health Insurance: How much is enough?, life insurance coverage, social security income
life insurance coverage, social security income, term care coverage: Jim, The details you provide are very good. However, I do have a question. Your agent recommends a level term until death , but you are looking at 20 and 25 year term. Are you dying in 20 to 25 years? If not, then you will notice that the cost of the...

Life & Health Insurance: How much is enough?, life insurance
life insurance: Dear Jim, I do not put confidence in any of the sites, since the quotes do not give all the information that can be gained from a professional insurance agent with direct association with the companies shown. As I believe you are aware by now, Aviva...

Life & Health Insurance: Bank on Yourself, honest truth, financial success
Life & Health Insurance: Bank on Yourself, honest truth, financial success, matter of fact

Life & Health Insurance: Globe Life Insurance Good Health Question, health question, good health
health question, good health, horner: If the policy lapsed, sometimes companies will require a statement of good health to reinstate; however not knowing what they define as good health I can t really say how to answer; without seeing the policy itself & knowing the particulars of whether...

Life & Health Insurance: Health Insurance, health insurance coverage, cobra rates
health insurance coverage, cobra rates, state department of insurance: Carol, My first idea would be to figure out with your husband how big of a deductible you guys could handle financially should something major happen. If it is about as much as you out of pocket yearly max now, then it may not be the time to make any changes...

Life & Health Insurance: HSAs, health care debate, national health care
health care debate, national health care, memebr: Hi David, Sorry for not getting back to you sooner, I thought I had replied... My understaning is that most HSA schemes are run in conjunction with a seperate insurance cover which takes effect after the HSA has been expired or has reached a ceiling...

Life & Health Insurance: HSAs follow-up, health savings accounts, personal savings account
health savings accounts, personal savings account, health insurance costs: I do understand the question better now, thank you for restating. As an individual, health savings accounts simply provide for a tax-advantaged way to self-insure and save for out-of-pocket medical expenses while keeping health insurance costs to that...

Life & Health Insurance: Life Insurance Beneficiary, life insurance beneficiary, group life insurance
life insurance beneficiary, group life insurance, parting company: Hi Kristi, Difficult to know, but it does sound a bit more hopeful, and at least they have not turned you down as they did previously. These things can take a bit of time as the insurer will need to verify the details you have sent them. Fingers crossed...

Life & Health Insurance: Life Insurance Beneficiary, life insurance beneficiary, group life insurance
life insurance beneficiary, group life insurance, life insurance policy: Kristi, I am sorry for you loss. The issues I see stem from where the policy began. If it was a group life policy, what information did the place where he worked have on it. Most companies keep things on file for their employees as to who was assigned...

Life & Health Insurance: Life Insurance Payout, medical information bureau, health care decisions
medical information bureau, health care decisions, group life insurance: Thanks for your inquiry. There used to be a process to locate such policies but it is no longer in place. While the Medical Information Bureau in Boston keeps track of all inquiries from insurance companies much as the credit bureaus do with credit information,...