NLIC.org

Maxine Said:

How many people over 50 years old own pets - especially dogs and cats? And isn't the State of Florida missing

We Answered:

First of ***MANY*** people over the age of 50 own pets. The AWDF Nationals were just this last week end and most everyone in the competition was over 50 or close to it.

Next part= the government itsself is trying to prohibit ***breed specific*** laws. Each dog will be taken on its own merit... however they can keep felons from owning certain breeds...

Keeping the felons from owning certain breeds would help out your *Redneck* theory... (smiles)

Over 50 and own 6 GSD's and 4 cats

SEW good luck and don't spin your wheels thinking about those over 50 & the Rednecks

http://360.yahoo.com/sewwoodyou
Owner/Handler GSD's

Reginald Said:

How should insurance be judged?

We Answered:

my dad sold insurance. they use actuarial tables to predict life span. you are betting you will die before you pay in more than they pay out. insurance is something of a scam. but it could be helpful if the companies were all playing by the same rules.
double indemnity if you die accidentally. zero if on purpose.

Paula Said:

How can I get an insurance license to service all 50 states?

We Answered:

There is no national licensing program, to date.
You will ahve to apply to each state individually and most (if not all) do require licensing to be an practicing agent.

You will need a residence license in home state and obviously a nonresidency license in the other 49 states.

States have difference requirements.

Some states will require exams.
Some states have reciprocal agreements with others and will license a person if they hold a current license in another state.
Bonding requirements are sometimes different per state.

Personally, I know of no other person who is a licensed agent or adjuster in every state.

Adam Said:

Is group term life insurance treated as a normal benefit deduction until it reaches $50,000?

We Answered:

it's not the excess amount, it's a formula for valuing the insurance expense. My boss has life insurance for me at 3 times my salary, and if the excess amount over $50,000 was added to my salary, I'd have to die and collect the insurance to pay the tax.

Rates are used in calculating the cost of group term life insurance coverage in excess of $50,000, a cost which is taxable to the employee. The cost of up to $50,000 of coverage is tax exempt. If the employee contributes toward the cost of the insurance, all of his contribution may be subtracted from the amount which would otherwise be taxable to him.

The Internal Revenue Service classifies the cost of all employer-paid group life insurance coverage over $50,000 as a fringe benefit subject to federal income, Social Security, and Medicare taxes. The amount of life insurance coverage is not taxable, but the premium required to pay for the life insurance coverage is taxable. The calculations are different depending on whether the member has both Contributory and Noncontributory Group Life Insurance, or Noncontributory Group Life Insurance only.

Juan Said:

what is a good health insurances for people 50 and over ?

We Answered:

Here in the USA, for people 65 or over, your option is Medicare. For 50 - 64, it's going to be expensive, maybe too expensive, depending on what state you live in, what your general health is like, which coverages you want, and how much you weigh.

There's no "one size fits all" cheapest. You're going to HAVE to shop around, to find out whose cheapest for you. If you want to save some legwork, go find a LOCAL agent or broker, local to you, who will know the options in YOUR state. Doesn't sound to me like you're a great candidate for 'do it yourself' insurance, as you don't know where to go for it - so you'll benefit greatly, from an agent.

Bruce Said:

How can I get group health insurance for a large group of independent contractors?

We Answered:

Need to check a lot first