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How To Get Medicare To Pay For Assisted Living?
Medicare covers procedures and treatment that are considered medically necessary . Assisted living does not meet the criteria of what is considered medically necessary . If you are in need of skilled nursing care , such as the administration of infusion therapy or other medications , Medicare may cover at least a portion of the cost of nursing care .
What Is Property Insurance Premium?
Property insurance is based upon the concept of shared risk . That means that the chances of experiencing a fire that would destroy your home are really low , however , if that were to occur the loss would be quite high . Others property owners face a similar dilemma . If you could share your risk with others you would pay a small amount to avoid losing a large amount . When risk is shared it is considered a pool . Insurance companies form pools and allow people to share the risk of a large loss in exchange for a small loss , the property insurance premium . The amount of this insurance premium is determined by professionals known as actuaries who compare the loss history of millions of pieces of property to develop statistical probabilities of loss for a certain defined piece of property . Additionally they compute the probabilities of different pieces of property and calculate a premium for those losses as well . If you have a home in the forest and I have exactly the same home but live in a suburb the chances are greater that you would experience a catastrophic loss than that I would . This difference is developed mathematically by reviewing millions of losses over a long period of time . As a result we can both be in the same pool but you would pay more than me because you represent a greater risk to the pool . In order to be permitted to do business in your state the insurance commissioner of your state must approve the premiums charged by your insurance company . The commissioners chief concern is that the insurance company is able to meet the promises that it makes . Comparing the losses sustained over time with the premium income of the company helps the commissioner determine the ability of the company to keep its promises -LRB- even in very trying times . -RRB- This then develops into the premium that the company charges you for coverage . It is based on statistics and the companys experience and represents your share of the cost of insuring a pool of risks so that there is sufficient money to take care of a catastrophic loss or anything in between .
What Is Property Insurance Premium?
Property Insurance Premium is the cost of a Homeowners Insurance Policy , Landlords Insurance Policy , Hazard Insurance Policy , Dwelling Fire Insurance Policy or Commercial Property Insurance Policy . The premium is expressed in terms of Annual premium unless the policy is written as a Course Of Construction Policy which may be offer on a 6 Month Term . In order to calculate a property insurance premium , you will need to obtain a quotation for the correct form of insurance sought . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK
Does Renters Insurance Cover Clothes?
Your clothing is considered your personal property so if you purchased a renters insurance policy that has property coverage your clothing would be covered if the loss was a covered loss . An example of a covered loss would be fire and theft as an example . Also you would want to make sure your renters policy was reimbursement and not actual cash value so that your clothing or any other items for that matter are replaced new .
Will Short Term Disability Insurance Cover Maternity Leave?
Some STD plans include coverage for maternity but read your policy and do n't just assume you have coverage . Most will have a waiting period , usually 6 months , before you can apply for a maternity related claim . Some policies may require you to prove your are unable to work while others will simply provide a limited 4 or 6 week benefit .
Who Should Not Buy Long Term Care Insurance?
One of the planning aspects of retirement is saving enough money for your golden years . Self insuring is always the best way to go , but for most , the most impractical . Life just happens . But if you are very wealthy or have a family history of limited life expectancy or you 're satisfied with government run facilities ... you my not value long term care .
Who Should Not Buy Long Term Care Insurance?
Who should not buy long term care ? Technically , everybody should but really comes down to having assets to protect and money to afford a premium that will rise over time . A person of limited assets and limited income is going to struggle to maintain a long term care policy so it may turn out to be something you 're throwing money at that wo n't be there later in life because it will price itself out of the question to a limited income .
How Much Should I Spend On Life Insurance?
You should actually be more focused on the amount needed and not how much you should spend . The amount of life insurance should be first calculated to cover final expense , paying off debt -LRB- credit cards , loans , etc. -RRB- , income replacement , and lastly , providing money for college for the kids -LRB- if desired -RRB- . This can uncover a very large face amount and but will be quite affordable to you through the purchase of low-cost level term protection in the terms of 10 , 15 , 20 , or 30 years . One thing to remember is if budget is a concern it is better to cut the term then to cut the face amount of the policy .
How Much Should I Spend On Life Insurance?
The amount you spend on life insurance should be comfortable enough that you can make the payments each month , even if you run into financial bumps in the road . Life insurance that has been dropped to reshingle the roof will not be there when the insured person falls off the roof and dies . Figure out what it would take your family to regroup without the stress of moving or having to take out a second job that first year , and at least get that amount , if you can afford it . If not , get less . But do get it .
How Much Should I Spend On Life Insurance?
This will depend on the type of policy you want / need is and what is the purpose of the life insurance . Getting the right type of policy and face amount is much more important than just a dollar amount . From just a money type of view and taking out the importance of what life insurance covers , it 's a good idea that for every $ 1 you put away in savings / IRAs etc , you should put about $ 0.20 to $ 0.30 of that away in some form of permanent life policy .
How Much Should I Spend On Life Insurance?
How much ya got ? ;-RRB- Actually that is a good question as insurance only works is if it is in force when you need it and keeping it in force requires you to spend money on it . While you may have several choices put in front of you by an agent , focus on what you can do and keep doing consistently . Cover your obligations first , then see what you can do . For example a young person without much debt or even a family might want to consider purchasing a Whole Life policy as a starter plan . The reason ? The price will NEVER go up and the policy will build up cash values and death benefit -LRB- mutual company -RRB- over time , and once you have it they -LRB- insurance company -RRB- ca n't take it back , charge you more or change the policy . It 's yours and you own it . While that might not be important at 25 , it sure is at 55 with health issues and a mortgage . Consider the purchase to similar to buying raw land . You purchase it as a young person and let it develop over time . The only difference lately , with a whole life , ya ca n't go backwards .
Does Private Health Insurance Cover Dental?
Yes and No . ObamaCare compliant health insurance policies must cover PEDIATRIC dental and vision coverage . This means that dependent children age 18 and under will have some level of coverage for dental & vision care but there is no adult dental coverage in today 's health insurance coverage . In most cases , dental insurance is handled under a separate dental insurance policy even if an individual or group has their health and their dental insurance with the same insurance company .
What Is Personal Disability Insurance?
Personal disability insurance is paycheck protection against sickness or injury . While health insurance covers expenses and bills incurred for hospitalization , disability benefits pay you a monthly income generally tax free . Most Americans only have 90 days in cash reserves , so disability insurance is important . Make sure you have income ready to go for the unexpected events that occur in life .
What Is Personal Disability Insurance?
Personal Disability Insurance can refer to Private Disability Insurance or Individual Disability Insurance . In other words , it is not Group Disability Insurance . It is a Disability Insurance policy that you buy with your own money to pay for living expenses that would occur if you were to become disabled .
Who Can Be Covered By Life Insurance?
Examples of who might be covered by life insurance include : children , your spouse , yourself , grandparents , Key employees , business owners , funding a trust -LRB- Estate Planning -RRB- . You do have to have an insurable interest as mentioned meaning you have a covered interest in the person you are wanting to get covered . You would not be able to cover your neighbor for example or strangers down the street .
Who Can Be Covered By Life Insurance?
There are humorous examples where people have insured gold fish ; however , a living person can be insured . The person applying for the insurance must have an insurable interest at the time the policy is issued . That means you can not buy life insurance as a way to gamble . For the company to offer a life insurance policy there are underwriting criteria which must be met involving the insureds health , family history , occupation , avocation , and additional factors .
How Much Life Insurance Does The Average American Have?
According to a recent study , 41 % of U.S. adults have no life insurance at all . Of those who do , many only have group term life through their employer -LRB- will terminate when they leave their employer -RRB- typically at amounts like 50,000 or one times salary . The average U.S. household with life insurance owns enough to replace only 3.5 years of income -LRB- LIMRA 2010 U.S. Life Ownership Study -RRB- even though insurance companies will insure those in the 30s or 40 's up to 25 times their income or more .
How Much Life Insurance Does The Average American Have?
According to LIMRA , Life Insurance Marketing and Research Association , the nations leading expert on life insurance sales , the average person has a face amount of $ 165,000 in life insurance . Other interesting statistics on the subject find that 70 % of American households admit they would have financial difficulties if the primary wage earner were to die . So , 7 out of 10 people admit they do n't have enough life insurance in force . Out of this 70 % , 30 % of Americans have no life insurance at all , even though we are all guaranteed to die someday . Life insurance is just too important and affordable not to have enough for those loved ones left behind to pick up the pieces . For example , a young healthy 25 year old female can purchase $ 500,000 in term life insurance for as low as $ 12.62 per month . It is the most affordable insurance product on the market and yet one of the most under purchased for the level needed .
Why Invest In Whole Life Insurance?
Why invest in whole life insurance ? Well it is one of the few insurance products that you actually control , not the insurance carrier . That is a big reason why whole life insurance is expensive compared to other life products . The insurance company bears the risk of the contract as they can not alter or change the terms of the contract , they can not raise the price of the policy in later years and must receive the policy owners permission to do anything to the policy . What a whole life offers is a decent return for the safety it provides the policy holder . There is very little investment risk to a whole life policy compared to other places where a person can put money . This also is reflected in the return . If you had money invested in 2008 you learned first hand about investment risk . That said , while the rest of my investments were losing 40 % my whole life gained value . You ca n't go backwards with a whole life which makes it a good part of anybody 's planning . I call whole life the most boring investment a person can make . Why ? it does what it says it will do .
Why Invest In Whole Life Insurance?
That is a great question ! I think it 's important to be clear about the difference between an investment and the protection that life insurance provides . An investment is something that is designed to hopefully increase in value over time , and provide you with an increase over what was invested . Stocks , money markets , mutual funds , bonds , these are investment vehicles . Life insurance typically does n't provide that same result . Term life has no value unless you die while it is in force , and you would n't be able to use any of those funds either way . Whole life insurance pays out when you pass , and the amount is promised when you purchase the policy . Though there are some companies that will pay dividends , these are rare , and most policies will only pay out what your face value is -LRB- and again , that is of no value to you -RRB- . It is a great way to protect against estate taxes , provide an income to those you love and leave behind , and for covering expenses that might outlive you . Life insurance is a worthy investment in that sense . I hope that helps , thanks for asking !
Why Invest In Whole Life Insurance?
Whole life insurance has many advantages to it . The first being that your premiums are fixed and guaranteed for the rest of your life and as a permanent insurance program , it builds cash value over time . If it 's a participating whole life policy , any dividends that are paid out can be used to either increase the death benefit via paid up additions , reduce your premium , or make a payment to you directly -LRB- options depend on which carriers whole life policy you have -RRB- . If you use the dividends to reduce the premium , the policy can become self-sustaining after a number of years - meaning no more premium payments . Non-participating policies only build cash value - these types of plans do not pay out dividends . If you 're buying whole life coverage when you 're young and its cash value builds for years and years , it can create a nice nest egg for funds that can be used during your retirement years . It 's important to remember that if you borrow from an insurance policy , you 're creating a loan as the monies are expected to be paid back . If you cash out the policy , you lose the life insurance coverage . An alternative for those who are not very concerned about the cash value and want to maximize the death benefit of your life insurance , you may want to consider a guaranteed universal life policy instead of whole life . GULs can offer a larger amount of coverage than whole life policies for the same premium or save you a ton of money on your premiums for a given level of coverage . Make sure to consult with an experienced life insurance broker who can create a structure that will best serve your needs , goals , and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .
How Do I Know Which Medicare Plan Is Best For Me?
Discuss your options with an independent agent that is familiar with Medicare options in your area . There is no need to allow strangers in your home that hope to pressure you in to making a buying decision before you are ready . I have over 300 Medicare clients and can probably count on one hand the number of people I have met face to face .
How Do I Know Which Medicare Plan Is Best For Me?
The best thing to do is to sit down with an independent agent who specializes in Medicare Health Plans and represents most of the major carriers of those plans . A good agent will help you navigate the Medicare.Gov website , help you look up your drugs , doctors and hospitals to find the Medicare Advantage Plans most suited to you or he may , based on your circumstance recommend a Medicare Supplement instead and will help you find a good affordable plan . It is very difficult to do this on your own . A good experienced agent can save you a lot of time and heartache .
Can You Get Life Insurance With COPD?
The severity of COPD will dictate the cost of coverage or if it is available at all . In applying for insurance you will need certain information from your physician including results of various tests that will help the agent and underwriter help determine what classification is most probable . In addition , you may be able to get standard rates on permanent coverage if you meet certain criteria by age , insurance carrier and severity of the illness .
Can You Get Life Insurance With COPD?
COPD stands for chronic obstructive pulmonary disease . It manifests itself in chronic bronchitis , emphysema , or -LRB- most commonly -RRB- a combination of the two . Most COPD is caused by a history of smoking and is progressive in nature . When applying for life insurance , underwriters will look at pulmonary function , whether or not the patient is still smoking , severity and frequency of symptoms , and whether portable oxygen is used . Very mild COPD may qualify for medically underwritten coverage . Generally , simplified issue policies must be used for persons with moderate to severe COPD . If oxygen is used , the applicant will most likely need to purchase guaranteed issue life insurance , if it is available at their age .
Can You Get Life Insurance With COPD?
Can you get life insurance with COPD ? The short answer is no . The longer answer is it will depend on your personal health history provided through a pre-screening process that would tell you what to expect for a classification . It is unlikely a person would be considered a standard risk with COPD , but that person may get a table offer from a carrier at a much higher rate .
Can You Get Life Insurance With COPD?
There are Life Insurance Companies that issue `` guaranteed issue '' life insurance polcies . What State do you live in ? It may take some time invested on your part to find a company and you may save some time by calling the State Department of Insurance in your State and ask them if they can tell you what companies are licensed in the State that issue `` guaranteed issue '' policies . These polcies are not going to be the usual life insurance policies full of bells and whistles but they will serve your death benefit needs . Another way around this problem is to open a savings account at your local bank and save what you can each week and once you have saved $ 5000 invest this money into an `` annuity '' or a `` mutual fund '' if your risk preference will allow you to do so . In other words the dollars you would spend on a life insurance policy invest into a savings vehicle and provide the death benefit you need by saving it .
Can You Get Life Insurance With A Felony?
Yes , you can get life insurance with a felony . If you are over age 40 , there are guaranteed issue policies that you can get , even if the felony was committed a short time ago . If your felony was years ago and the probation period is over , you can even get preferred rates with some companies .
Can You Get Life Insurance With A Felony?
Yes , you can . And you do not have to settle for simplified issue policies with small face amounts . If you need several hundred thousand or several million dollars worth of coverage for your family or business , it could be done . I have done it . I have three cases for my files to share with you . One was a gentleman who was arrested for assaulting a police officer . It had to do with the officer breaking up a fight and accidentally getting hurt . The police department really went after my guy and forced him to serve time even though he did not cause the injury . I actually got the approval for coverage the day before he started his sentence . Another was a client who worked as a pharmacist . He unfortunately started taking some of the narcotic drugs he was distributing . He then became addicted to them and stole them . He was caught , served time , and then put on probation . The day after probation ended , he submitted his application . Approved as quoted . In another case , my client served time due to wire fraud . He was actually still on probation when he applied for coverage . Of course , I had prequalified him before submitting a formal application , so I had confirmed he was eligible for coverage . He was also approved as quoted . The fact of the matter is that criminal record is factored into underwriting , but an answer of yes on the application doesnt have to be a dealbreaker . There are companies that will work with you under certain circumstances . The broker has to know how to work with them . There is hope .
Can You Get Life Insurance With A Felony?
There are companies that specialize and underwrite life insurance for what is documented as high risk also termed as impaired risk . If you been denied by one company because you are not able to obtain insurance by another company then a company that issues these policies are available . The rates may be a little more but will write you a policy at what is called guaranteed issue . The amount is at a set benefit that will satisfy the applicant . I am partnered with impaired risk companies .
Can You Get Life Insurance With A Felony?
Depending on any other risk factors that you may have you may be able to purchase a life insurance policy with a felony . You will more than likely be rated if you have a felony , which means that you will typically pay more than someone that has not had a felony . Contact a local agent to find out more about coverage availability and pricing in your area .
How Much Disability Insurance You Need?
Regulations will only allow between 50 and 80 % of your income in most cases . Disability insurance is designed to help pay the bills if you become disabled for a period of time . Look at the maximum you are allowed based on your income . If you feel you can get by with less then adjust it accordingly .
How Much Disability Insurance You Need?
If you have already taken out the max coverage with a private disability insurance , look into other forms of coverage that will give you even more protection . Critical illness insurance would offer a lump sum payout that could help get your through the elimination period of your DI policy . Also , if you 're a business owner , you can get additional coverage to help keep your business running .
What Is A Life Insurance Rider?
That is a great question ! A `` rider '' in insurance lingo , is a clause that is attached to the body of the original policy . It `` rides '' along on it . Some life insurance policies will allow for the addition of a term insurance policy as a rider to covera spouse 's or children 's life insurance needs . The applicants life insurance policy will now -LRB- for an additional cost -RRB- insure their life , plus the person/s named in the rider -LRB- for however long the rider is in force -RRB- . Accidental death and dismemberment policies are popular riders also . Need more info ? Feel free to drop me a line , I 'm happy to help . Thanks for asking !
What Is A Life Insurance Rider?
A rider on life insurance policy is an additional coverage on the original policy . It is not a named coverage as the same with all insurance policies . Riders are cost saving and advantageous . For instance , if you want a child rider on a life policy . The cost would be an additional $ 5.00 for $ 25,000 in coverage to cover all children no matter how many in the family . Contrary , to individual policies which add up to more . This is until each child is no longer dependent , and is guaranteed insurable . The .
What Is A Life Insurance Rider?
A life insurance rider is a policy provision that sets it apart from a basic policy offered by that same company . The rider adds a benefit to the policy , usually -LRB- but not always -RRB- at an additional cost . Some riders are as follows : Child Rider - adds coverage for all the children in the family for the cost of one rider . Terminal Illness Rider - allows up to 50 % of the death benefit to be taken in cash if diagnosed with a terminal illness . Waiver of Premium Rider - pays the life insurance premium if you were to become disabled . Disability Income Rider - provides income in case of disability , as a disability insurance policy would do . Chronic Illness Rider - would pay for extended care needs . Critical Illness Rider - would pay a lump sum if diagnosed with certain diseases . Accidental Death Rider - would pay extra is the cause of death was an accident .
What Is A Life Insurance Rider?
A life insurance rider is defined as a supplemental agreement that adds something to a policy . E.g. Riders that pay an additional benefit for accidental death or the death of a child . However , the term , life insurance rider , is also used to describe a supplement to a policy that limits or waives benefits in certain situations . E.g. Aviation exclusion rider .
What Is A Life Insurance Rider?
Many types of life insurance offer additional protection items called riders . some of them are free and embedded into the policy , while most cost more money to add them on to the base policy . Here 's just a few of the examples of the riders offered with life insurance : waver of premium , spousal , children , long term care , critical illness , terminal illness , etc. .
Can I Get Homeowners Insurance With A Pitbull?
You may be able to secure homeowners insurance through one of many carriers . Some carriers may charge a premium for owning a pit pull bread or may even require an exclusion of coverage for claims involving the dog . Every company and every policy is different . To best find out what is available within your area contact a local agent to discuss your coverage concerns .
How Much Is A Life Insurance Policy Worth?
If are the insured person on a Term Life insurance policy , it is only worth something if you pass away . Then the face amount of the policy will be paid to your beneficiary . If you own a Whole Life or Universal Life policy , the proceeds will be paid to your beneficiary if the insured person passes away . But there is also a cash value component to these policies . If you cashed your policy in before death , the surrender value -LRB- cash accumulation minus surrender charge and fees -RRB- would be the worth of your policy to you .
How Much Is A Life Insurance Policy Worth?
What is your definition of worth . Are you speaking of the face value of the policy , the death benefit , or the cash value . The face value is the dollar amount that the policy is originally issued for . Death benefit depending on the policy can be greater than the original policy issue or may be lower due to loans taken out from the policy 's cash value . Whole life or permanent life insurance policies will sometimes build cash value over time .
How Much Is A Life Insurance Policy Worth?
There are several ways to look at that . If you are still living the death benefit is not worth anything currently . But the cash value has a definite worth . The cash surrender value is what most people would consider the worth of you life insurance . But there is also a reduced paid up amount that you could opt for that would possibly be worth more to you .
How Much Is A Life Insurance Policy Worth?
That is a great question ! I am going to assume that your question is a straight up value question , and not the metaphysical emotional value one . The face value , or death benefit is the amount that the policy will pay to the beneficiary when the insured passes away . That benefit is payable when the insured passes on a whole life policy , and only if the insured passes during the specified term on a term life policy . I hope that was what you were looking for , thanks for asking !
How Much Is A Life Insurance Policy Worth?
Life insurance is worth the face amount to those who you love if you should die prematurely . Life insurance is worth the cash value to you should you need to make an unsecured loan or surrender the policy for cash . Most important reason , though , is that life insurance will give you peace of mind knowing that those you love will not suffer unnecessarily if your should die .
How Much Is A Life Insurance Policy Worth?
There are two key values to a life insurance policy : its death benefit and its cash value . The death benefit is the amount the policy pays as a lump sum -LRB- generally income tax free -RRB- when the life insured dies . The cash value is what the policy is `` worth '' to the owner during life . Term life insurance has no cash value while permanent policies are a current asset . The cash value of a policy can be accessed during life if necessary through withdrawing some of the money as cash or taking a policy loan . Or , the policy could be canceled for the cash surrender value - the total value of the asset . At this point , the death benefit amount is canceled .
Does Basal Cell Carcinoma Affect Life Insurance?
No , basal cell carcinoma does not have much of an effect on life insurance premiums , if any . Squamous cell carcinoma does affect rates more , depending on the stage , how long ago it was removed , and whether there was any recurrence or multiple spots . Melanoma , of course , has the most significant impact on life insurance rates of cancer affecting the skin , and may cause a decline if past stage 1 occurred within the past year .
Does Life Insurance Cover Accidental Death?
Unless otherwise stated an in force life insurance policy has on all death claims events regardless of the cause of death with the exception of suicide in the contestability period and outright fraud or material omission . Some life insurance policies have an accidental death benefit or double indemnity , which could be a consideration .
Does Life Insurance Cover Accidental Death?
Life insurance may cover accidental death in one of two ways : The insurance policy may have built-in coverage for accidental death at no extra charge to you The insurance policy may have a `` rider '' attached that provides accidental death coverage of the amount you choose for an extra premium . Either way , the answer is yes .
What Impact Does Insurance Have On Supply And Demand In Health Care?
Health insurance has a major impact on the economic forces of supply and demand . Even more so with the low deductible copay plans that are popular . Consumers are isolated from the true cost of health care when all they know is $ 20 copay 's . On average , consumers pay about 12 % of the total cost of their health care , the rest is paid by insurance carriers . This impacts utilization which not only drives up the cost of health care but the cost of health insurance as well .
How Much Is Life Insurance For A Mortgage?
When you buy life insurance to cover a mortgage , you can buy your policy in the face amount and term length that you want . Often , that is 30 year term to cover a 30 year mortgage . About 20 years down the road you may have half your mortgage paid off . At that time you could reduce your life insurance policy to half the face amount and save some money . Or you could start out taking half of your coverage in 30 year Term and half in 20 year Term . Buying the shorter term policy will save you some money and when it runs out , you still have 10 years of coverage left . All this is to say , you really ca n't know how much mortgage life insurance costs until you talk to an agent and figure out the best way to set up your policy . Give someone who sells level Term life insurance today ; you will be glad you took the time .
What Is The Best Auto Insurance Coverage To Have?
First , choose a reputable auto insurance carrier . Then , the best way to answer this question is to state that you should ... of course , be guided by your budget constraints . However , you need to be realistic about the amount of potential liability to which you and your family could be exposed , particularly in the event of an at-fault accident . With regard to needed collision and comprehensive coverage for each vehicle , you may or may not need coverage on each , based on the age of the vehicles and whether or not there are lien-holders . Back to liability , using an example , think how much financial exposure could result from you or a family member rear-ending a a $ 40,000 vehicle , which is pushed into another vehicle , causing a total loss to the $ 40K car and significant damage to the other car . Additionally , two passengers in one vehicle claim serious injuries as a result of the accident for which you are liable . You can quickly see that minimum or low liability limits could easily expose you to significant financial loss , in the event that the losses exceed your insurance liability coverage . How would you pay for the excess damages beyond your policy limits of liability ?
What Is The Best Auto Insurance Coverage To Have?
I like to look at this question a little differently . There are basically three parts to your auto insurance policy . One part covers you if you hurt somebody -LRB- or something -RRB- . A second part covers you and your family if someone hurts you and does n't have any insurance or not enough to reimburse you for your injuries/suffering/lost earnings . A third part covers the car you may be driving should it be damaged . How much coverage would you expect someone to have if they hurt you or a family member ? That is a good guide for how much liability coverage you should consider . Your liability limit for others and uninsured/under-insured motorists limit for you should be consistent . If someone or something damaged your car , would you want to be reimbursed ? If so , your auto insurance should include comprehensive and collision coverage . Older fully paid car ? Still may be worth several thousand dollars and well worth insuring . It 's better to have a higher deductible than no coverage at all . If your insurance coverage meets these tests , this may be the best insurance coverage for you . Then I like to consider insurers who will also provide my homeowner 's / tenant 's coverage through a respected local agent with reasonably competitive premiums .
How Much Renters Insurance To Buy?
You should ask yourself , How much can I afford to lose ? That will give you a simple answer . However , most buyers of tenants insurance fail to recognize the problem of legal liability . If someone is injured while on your rented property , they will potentially sue you . The cost of defending a suit and paying the judgment could easily force a person into bankruptcy . While the personal property is important coverage for liability is even more important . So , buy what you need and take the highest liability option available .
Does Medicare Pay For A Gym Membership?
No . However , if you are looking for this kind of value added benefit in Medicare coverage you may want to explore Medicare Advantage Plans when looking for your supplemental coverage . Medicare Advantage Plans are generally HMO like options that include a variety of value added services that go beyond traditional Medicare coverage and Medicare supplement plan coverage . One of the features of many Medicare Advantage Plans will be gym discounts .
Where To Compare Life Insurance Quotes?
One of the best quoting tools that have ever hit the Life Insurance industry are called E-Apps - this is where you do the application online with your agent - no visiting or wasting time sitting at the kitchen table or anything like it used to be with paper applications . The entire process takes about 7 minutes on the phone , then the home office takes over from there . Quotes in a jiffy and Application and Underwrtiing in a jiffy
Where To Compare Life Insurance Quotes?
Some websites , such as mine , will allow you to put in personal and health information so that you can compare life insurance quotes online . You should still call or email the website to make sure your quote is accurate . But using a quote engine that gives you instant quotes is a good way to familiarize with what different policies cost at different ages and with different carriers .
Where To Compare Life Insurance Quotes?
That is a great question ! There are probably about 80 bazillion internet sites that will give you quotes , and as long as you understand that 99 % of them are `` best case '' quotes , and should be taken with a grain of salt , then you can use them . Personally , I believe that finding an independent agent -LRB- one not tied to a specific brand name company -RRB- is the way to go . We usually will have several companies that we work with , and through the interview process , can usually provide you with several accurate quotes right away . Plus , you have the benefit of having the policy explained to you , so you understand what you would be purchasing . I hope that helps , thank you for asking !
Where To Compare Life Insurance Quotes?
You can easily compare term life insurance quotes by going to a website that shows you quotes from multiple companies . If you pick a website with `` instant '' quotes , the quotes will come up comparing quotes from different companies , and you can then change variables to compare quotes on different policies within that company . Once you see a policy you are interested in , be sure to talk to someone at that agency , or communicate by email , so that you can be sure you qualify for that particular rate . No quote engine can cover every question , and you may find that there is an even lower price out there for you , or a policy that works better for your needs . But comparing quotes online is a good place to start .
Where To Compare Life Insurance Quotes?
It may be time consuming but pick your favorite 5 companies and call them and ask for quotes . Do you want a `` permanent '' policy or do you just want to cover the next 10 or 20 years . Are you trying to save money by have a `` cash value '' policy ? Is the policy just to cover you or also your spouse ? In other words , for the companies to give you a quote you need to decide what kind of policy you need .
Where To Compare Life Insurance Quotes?
Do you know what you want ? Are you sure ? A good agent can help answer all your questions and assist you in knowing how and what to decide . That is a major functions of a quality Life Insurance Agent . They are trained to gather the facts from you and make recommendations for you to select from . Do you want Whole Life or Term ? Do you know the difference ? How much coverage do you need ? Do you really know how to determine that ? How do you select beneficiaries ? If they are minors do you know how to ensure the money goes to them and not to Probate Court ? These are the types of things I can help you with .
Where To Compare Life Insurance Quotes?
The best place to truly compare life insurance quotes is to use an experienced independent life insurance broker with dozens of companies to shop . The problem with shopping rates online , almost all give you the best case scenario or best preferred rate , which less than 5 % of the population qualify for . It takes more than age , sex , state of residence and build to run a true quote . There are many other factors life insurance companies consider . Find someone you are confident and comfortable with before shopping .
Is Medicare Secondary Insurance?
If you only have Medicare A & B or Parts A & B plus a Medigap plan , Medicare is going to pay first . When you have more than one plan paying a claim , the process has to follow the coordination of benefits rules to determine who pays first and who pays second . The majority of the time , people who are on Medicare will have two types of coverage when they or their spouse works for an employer . Self-employed individuals will generally only be on Medicare and drop their under 65 policy -LRB- unless their spouse has group coverage they can be on -RRB- . How big the company is and whether or not the insured employee is working will generally determine who pays first . If the employer has 20 or more employees , the employer plan will pay first and Medicare second . If the employer has less than 20 employees , Medicare will pay first and the employer will pay second . If you 're on Medicare for a disability , the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees , Medicare pays first and the employer plan pays second . Please let me know if I can be of further assistance . Thanks very much .
Can Health Insurance Deny You?
Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker to review your plan options - we have an in-depth knowledge of products from various carriers and can help you determine which one will be most suitable to your needs and budget . Please let me know if I can be of assistance . Thanks very much .
Can you get a Silvers Sneakers membership at the YMCA if you are on Medicare?
From my understanding , you can get the membership issued through private insurance companies - so you would need to have a Medicare supplement -LRB- Medigap -RRB- plan or a Medicare Advantage plan that offers the silver sneaker membership . I do n't believe original Medicare offers silver sneaker membership . So if you 're only on Medicare Part A & Part B , you could add a Medigap plan that offers the membership . As to which carriers offer it , I believe it ultimately depends on what state you live in as some carriers offer it in some states and not in others . You can find out if your plan offers the membership on the silver sneakers website health plan locator . Here 's a link to their page : WEBSITELINK I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .
What Is Survivorship Universal Life Insurance?
The only thing that separates this from other policies is the word survivorship . What this means is that the policy covers at least 2 individuals and it only pays a benefit with the last one dies . Survivorship policies are usually smaller face amount policies taken out by couples with larger estates . The reason they do this is to use the death benefit to cover or offset estate taxes for their heirs . I have personally not seen one done with a universal life policy . Reason being is the cost . In a majority of cases , it would probably be more cost-effective to use a traditional whole life policy for this purpose .
How Much Is Renters Insurance For A 1 Bedroom Apartment?
The cost of Renters insurance is not based on the size of your apartment . Renters insurance is based on your territory , credit , claim history and your coverage limits . Renters insurance is usually very inexpensive and if you combine Renters insurance with car insurance you will get a discount on both policies .
Who Will Be Exempt From Buying Health Insurance?
According to the Affordable Care Act , the following individuals can claim a `` hardship exemption '' and not be forced to purchase health coverage or pay a tax penalty for not doing so : You were homeless . You were evicted in the past 6 months or were facing eviction or foreclosure . You received a shut-off notice from a utility company . You recently experienced domestic violence . You recently experienced the death of a close family member . You experienced a fire , flood , or other natural or human-caused disaster that caused substantial damage to your property . You filed for bankruptcy in the last 6 months . You had medical expenses you couldnt pay in the last 24 months . You experienced unexpected increases in necessary expenses due to caring for an ill , disabled , or aging family member . You expect to claim a child as a tax dependent whos been denied coverage in Medicaid and CHIP , and another person is required by court order to give medical support to the child . In this case , you do not have the pay the penalty for the child . As a result of an eligibility appeals decision , youre eligible for enrollment in a qualified health plan -LRB- QHP -RRB- through the Marketplace , lower costs on your monthly premiums , or cost-sharing reductions for a time period when you werent enrolled in a QHP through the Marketplace . You were determined ineligible for Medicaid because your state didnt expand eligibility for Medicaid under the Affordable Care Act . Your individual insurance plan was cancelled and you believe other Marketplace plans are unaffordable . You experienced another hardship in obtaining health insurance . There are other circumstances in which an indivdual would not have to pay the tax penalty , also known as the individual responsibility payment : Youre uninsured for less than 3 months of the year The lowest-priced coverage available to you would cost more than 8 % of your household income You dont have to file a tax return because your income is too low Youre areeligible for services through an Indian Health Services provider Youre a member of a recognized health care sharing ministry Youre a member of a recognized religious sect with religious objections to insurance , including Social Security and Medicare Youre incarcerated , and not awaiting the disposition of charges against you Youre not lawfully presentin the U.S. .
Is FERS Annuity Taxable?
Federal Employee Retirement System annuities are taxable once benefits are being received . The plans have no cost basis and all benefits received from the plan will be received as ordinary income and will be taxed as ordinary income .
Does Medicare Cover Doctor Visits?
Your Medicare Part B covers most doctor visits and much more . When you see your doctor for your annual exam , most if not all of it is covered in full with no copay or out of pocket for you . `` Sick '' visits that are medically necessary are also covered under part B.
Where Can I Purchase Short Term Disability Insurance?
Short term disability insurance can possibly be purchased from several carriers such as Mutual Of Omaha or AFLAC . It is , of course , quite different than a long-term disability policy . You may have coverage already through your employer . A full-time licensed broker is your best resource to review plans and apply for coverage .
What Are Charitable Annuities?
A Charitable Annuity is a Charitable Gift Annuity , an insurance product used estate planning for those benevolent grantors who have charitable intentions and seek tax advantaged income . It involves a contract between a grantor/donor and a charity . The grantor gifts cash or other assets to an IRS approved nonprofit charity , receives for a partial tax deduction and a lifetime annual income from the charity . When the grantor/donor dies , the charity keeps the gift .
When Do You Become Eligible For Medicare?
You become eligible for Medicare at age 65 , if you or your spouse have paid into Medicare the required amount of time in order to receive Medicare . There are a few ways to become eligible for Medicare under age 65 , including being on Disability for 24 months or being disabled due to ALS .
What Does Split Dollar Life Insurance Mean?
Split dollar is not a type of life insurance policy but rather , when used by a business , is an arrangement that allocates the policy benefits between the business and the key employee . Typically , the business assists the key employee by paying the premium while the key employee receives most of the policy benefits . The business ultimately recovers its total outlay from policy benefits . The employee receives a valuable life insurance benefit for a very low out of pocket cost .
Where To Get Health Insurance Quotes?
You have many options for getting a health insurance quote ; 1 -RRB- you can contact an agent who sells health insurance directly 2 -RRB- you can go online and find companies that will allow you to put in your information and get a quote 3 -RRB- you can contact a health insurance carrier , tell them you want a quote and they will direct you Health Insurance will be very competive as the months go by and we enter into 2014 when Obamacare changes will take effect . Look for a good agent now and compare policies , provisions and prices . You should be able to find a plan that meets your needs .
Where To Get Health Insurance Quotes?
Contact a local agent which will be able to inform you about the carrier and walk you through plans . My website is WEBSITELINK and you can get a quote from multiple carriers . Certain carriers are allowing new insured 's to have long contracts to avoid PPACA as long as they can .
When Do You Get Medicare?
You are automatically enrolled in Medicare Part A and B when you turn 65 , if you are receiving Social Security benefits at that time . You also get Medicare if you have been on Social Security Disability for 24 months or if you have End Stage Renal Disease or Lou Gherig 's Disease , with some qualifications .
Is Long Term Care Insurance Smart?
Like most insurance , it 's smart if you need it - and perhaps not so smart if you do n't need it . Unfortunately , we do n't have a crystal ball . So the question becomes ... would you rather pay a monthly premium or risk everything you own as well as possibly receiving lousy care ? Without long term care , you drag your family & friends into the equasion since somebody has to take care of you . We are a society that is living longer . I personally believe that long term care is perhaps the most needed , yet least purchased insurance . You 're on the right track by inquiring .
Is Long Term Care Insurance Smart?
Long Term Care Insurance is smart if your family has a history of longevity or has a history of crippling disease . Long Term Care Insurance is smart if you have an estate that you would like to protect from being spent on extended care needs . Long Term Care Insurance is smart if you want to make choices about your long term care : where to live , which agency to hire , the ability to pay a relative to care for you in your home , etc. .
Who Should Purchase A Variable Annuity?
The suitability of an individual to purchase a variable annuity should be determined by the licensed variable annuity agent before the plan is proposed . Typically , the individual who purchases a variable annuity is one that wants a hands-on experience . While there are many risk factors to consider a desire to have money in specific investment groups would also be a reason to purchase a variable annuity .
Who Should Purchase A Variable Annuity?
That is a great question ! Annuities can be a great part of a retirement plan , but they are n't suited for everyone , because of the type of investment that they are . Before an agent can legally sell you an annuity , they have to do a `` suitability analysis '' . In this analysis , we sit down and discuss your current financial status , your cash flow issues , and your tolerance for risk , among other things . If you are financially suited for the purchase of an annuity , it is often the risk tolerance that determines which type of annuity is best for you . If you have a very low tolerance , then a variable annuity would not be a suitable annuity for you , while a fixed annuity probably would be . If you had a moderate risk tolerance , but an aversion to losing money , the variable annuity again might not be suitable for you , but an indexed one might be . If you have a high risk tolerance , and like to play the market , and keep involved in the transactions , then this may be the annuity for you . I hope that answers your question , please feel free to drop me a line if you 'd like more details , ok ? Thanks for asking !
What Are Financial Annuities?
There are several types of annuities , and all have a financial purpose . These types are based on different criteria . Time of Payout : Immediate or Deferred Payment Type : Single Premium or Flexible Premium Investment Type : Fixed , Indexed or Variable Liquidity Options : Withdrawal Penalties or No Withdrawal Penalties Financial annuities is a term that would most likely encompass all of these .
How Much Is Life Insurance For My Parents?
Determining the price of life insurance for your parents depends on their age , health , and what type and amount of life insurance you are looking for . Most of the people who contact us for life insurance for their parents are looking for small final expense policies . This type of policy can usually be obtained with no exam and is Whole Life so that it will not end before death occurs . We also sell level premiums , meaning that the policy will not go up in price . Otherwise , there is a risk that the policy will become too expensive to hang onto until death occurs . For this type of policy , the price is approx $ 100/mo for a 60 year old man buying a $ 15,000 Whole Life policy that will not go up in price for the rest of his life . If there is a serious health condition , this price can be much higher , and rates will be substantially higher if the applicant is much older . Of course prices are lower if your parent is younger , and there are scores of other factors to consider . An agency that specializes in Senior Life Insurance can be helpful to find your parents life insurance that does what you want it to at the best possible price .
How Much Is Life Insurance For My Parents?
There are several variables that that need to be factored in to establish a premium price tag for your parents . The price tag depends on your gender , age , smoking status , health history , current medical condition , and prescriptions . A nonsmoking male age 60 and in good health will pay around $ 5700 a year for 20 year term life insurance for $ 1,000,000 of coverage . -LRB- Female same scenario $ 3900 . -RRB-
What Is A Mutual Life Insurance Company?
A mutual company is a company owned by the policyholder rather than stock holders . A mutual company will pay its excess profits back to the policy holder in the form of dividends . A stock company pays its dividends to the stock holders . While mutual companies premiums may be just a little more than a stock company , the cash value , because of dividends , can be far greater and more options are available within the policy .
What Is A Mutual Life Insurance Company?
Mutual life insurance companies are owned by the companys policy holders , in contrast to stock life insurance companies , who are owned by their stock holders . Mutual life insurance companies maintain a board of directors that declare an annual dividend to their policy holders . A dividend is a return of unused premium . During the early formation of the US , mutual companies were less expensive to capitalize than stock companies , so there was a proliferation of mutual companies . But in recent times there has been a movement in the industry to demutualize to attract more capital .
What Is A Distribution From A Retirement Plan?
Any time that you take money out of a retirement plan , it is considered a distribution . Depending upon the tax status of the plan , a distribution will usually trigger a tax event . Although the taxation issue is complex you need to understand that when you withdraw money from your retirement plan , even if it is a guaranteed monthly income , it is likely that taxes are going to be due on some portion of the distribution . The only exception is a plan that has been organized under Roth legislation .
What Is Medicare Region C?
Medicare Region C includes the states Alabama , Arkansas , Colorado , Florida , Georgia , Louisiana , Mississippi , New Mexico , North Carolina , Oklahoma , South Carolina , Tennessee , Texas , Virginia , West Virginia , Puerto Rico and the US Virgin Islands . This and other regions are designated for the purpose of supplying Durable Medical Equipment -LRB- DME -RRB- for Medicare .
What Is The Best Secondary Insurance With Medicare?
To supplement Medicare it 's best to have a Medicare Supplement Plan . These are standardized plans in most states . The highest level of coverage is the Plan F Medicare Supplement . It pays 100 % of the co-pays and deductibles for Medicare covered treatments . The others to consider are Plan G which is the same as Plan F except you pay your Medicare Part B deductible which is less than $ 150 per year currently . You will often save $ 200 to $ 300 annually on your premiums choosing a plan G supplement over a Plan F . You can also consider the Medicare Plan N Supplement for an even lower premium but you will take on more doctor co-pays and a few less benefits . There is a high deductible version of Plan F where you have a much lower premium but you pay the first $ 2,070 in expenses each year but are covered 100 % for costs above that . Medicare and your supplement do not cover prescription medicines so most people buy a Medicare Part D plan for those . None of these plans cover dental or eye doctors so some people buy additional coverage for those . All companies sell the exact same standardized Medicare Supplement Plans so it is the easiest type of insurance to shop and compare and lower your cost . A Plan F with one company may be as much as $ 500 per year cheaper with a different company and the coverage is exactly the same . It 's best to use an insurance broker who sells for many companies rather than sign up directly through one specific company . When there is a rate increase -LRB- they ALL have them -RRB- your broker can just re-shop the plans for you and help you get back to a lower premium .
Does Medicare Cover Rhinophyma?
Typically , Medicare only covers treatment of a condition if it 's deemed medically necessary by a doctor . Otherwise you may have to pay for treatment out-of-pocket . I would recommend contacting the Medicare office directly to see if they would cover it for your specific situation . I hope the input is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .
How Much Does Long Term Care Insurance Cost Per Month?
Long Term Care Insurance cost are calculated on the basis of your gender , age , health history , current medical condition and the state you live in . But as an example of the monthly cost , an average nonsmoking married couple , in good health , and both age 60 applying for long term care together on one contract should expect to pay around $ 300 a month for basic coverage .
How Long Does A Claim Stay On Your Home Insurance?
Most companies will typically use claims up to 5 years old for rating purposes . The actually claim history that is received by the carrier may reflect claims that are more than 5 years old but they are normally not used for rating . Please remember each carrier is different . Each has there own risk tolerance . Work with a local agent and they will help you find the coverage that will work best for you .
How To Surrender Sbi Life Insurance Policy?
I am not familiar with Sbi Life Insurance however surrendering policies are generally the same with every company . The fastest way is to write a letter to the company , perhaps filling out a company specific form requesting to surrender the policy . A common way is also to just stop paying the premiums . I would only recommend this on a term policy where there is no cash value in the policy otherwise the policy may not be surrendered until the cash value is exhausted .
How To Surrender Sbi Life Insurance Policy?
To the best of my knowledge , SBLI or Savings Bank Life Insurance Co. only markets term life insurance . I may be wrong , but if you purchased a life insurance policy through SBLI , it is likely term life insurance and there is no surrender procedure . Term life insurance is merely cancelled or allowed to lapse . There is no cash value in term life insurance and there for nothing to surrender . Only cash value plans such as whole life insurance or universal life insurance need to be surrendered . Just call and cancel it . SBLI phone number is 888-438-7254 .
Is Life Insurance Taxed In Florida?
Life insurance is not charged income tax in Florida , or in any other state , if the beneficiary not the estate . If there is no beneficiary on the policy , the beneficiaries are all deceased , or the beneficiary was named to be the estate , the life insurance will go through probate and be taxed .
Is Life Insurance Taxed In Florida?
Life insurance in Florida is generally not charged income tax unless the beneficiary of the policy is the estate . Also , life insurance , upon the death of the second spouse , is considered part of the estate for estate tax purposes , no matter who the beneficiary was -LRB- unless it was an irrevocable insurance trust -RRB- . Contact a tax attorney for specific situations .
Should I Enroll In Long Term Disability Insurance?
I always say yes because it 's a very important type of coverage to have that many do n't think about . The way I look at disability insurance is it protects one of your greatest assets - your ability to work . If you ca n't work because of an injury or illness , how do you provide income for you and your family . The answer ? Your disability insurance . When you 're buying a disability policy , the MOST important factor in the coverage is the DEFINITION OF DISABILITY . Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . Factors such as your occupation class , your income level , the state you live in , your medical history , your age , your desired benefit amount and benefit period , if you want cost of living adjustment riders , and other factors all impact your policy 's structure and premiums . In short , they 're very customizable , I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .
Should I Enroll In Long Term Disability Insurance?
Yes , as long as you are dependent or your loved ones are dependent upon your income . Statistically speaking you are 8 times more likely to become disabled than to die . Long term disability allows you to receive up to 70 % of your income until as far out as age 67 years old . long term disability is a must for most people in there financial plan .
Should I Enroll In Long Term Disability Insurance?
That is a difficult question to answer without more details . I can say a tentative yes , Long term disability , in a group setting usually does not provide as broad as coverage as individual plan . That is offset but the fact that group long term disability is often less expensive . Am independent life insurance broker , representing several companies , can help you integrate an individual plan with a group ltd plan . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .
Who Can Be Trustee Of A Life Insurance Trust?
There are several options for the grantor in the selection of a trustee for an irrevocable life insurance trust : mature and responsible members of the family , fiduciaries of the family and a bank trust officer . Some grantors have also given power of attorney on the personal finances as trustee as well .
What Is Critical Illness Insurance Cover?
Critical Illness insurance is a specified disease based coverage meant to provide a tax free , lump sum face amount up diagnosis of a covered illness.There are several insurance carriers who offer this coverage and as you can imagine , each carrier covers different conditions . That said , there are a select few States where the Department of Insurance has not approved Critical Illness insurance for sale within that specific State . Anyway , of all the conditions covered ... the most important are Heart Attack , Cancer and Stroke . Not to downplay the seriousness of other diagnosed conditions but nearly 80 % of all claims that will get paid from these policies are due to those three conditions . Each carrier offers coverage for other conditions . Some carriers offer coverage for 21 different conditions , while other carriers may limit their coverage to 4 or 5 conditions . Please understand that when looking into Critical Illness coverage , the most important thing to look for is not just what conditions are covered but how they are covered . The benefit definitions are a major consideration and it is `` critical '' -LRB- pardon the pun -RRB- to know the benefit definitions prior to purchase . There are carriers who provide a stroke benefit but will not pay a benefit unless the neurological deficit of the stroke persists for 30 days ... whereas there area few carriers who will pay a stroke benefit once the neurological deficit persists 96 hours . I hope this helped answer your question .