Health Care

The standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 23 cents per mile driven for medical or moving purposes,
56.5 cents per mile for business miles driven,
14 cents per mile driven in service of charitable organizations

Worker's Compensation is a pretty straightforward type of coverage. It provides payment for all work-related injury medical bills, rehabilitation, and provides a certain amount of income after a waiting period (usually 7 days). It provides a death benefit, as well. Workers Compensation premiums are based on the payroll earned by employees during the policy period which usually is for one year. Rates are determined on the type of work performed. Your insurance agent can explain this coverage as it relates to the laws in your particular state.

The exchange of one life insurance policy for another one is considered a tax free exchange.
Also an exchange of a annuity contract for another anuity contract with identical recipients is a tax-free exchange.
A endowment policy for another endowment policy that provides for regular payments beginning no later than the date payments would have started under the old policy is considered a tax-free exchange.

Title insurance is a policy issued by a title insurance company insuring that the borrower has clear title to the property and that the lender has a valid mortgage subject only to potential liens, claims and exceptions disclosed in the title insurance policy.

Double Indemnity is a life insurance policy rider which pays double the face value amount of the policy, if the insured's death occurs as a result of an accident.

An Incontestable Clause is a clause in a life insurance policy which gives the insurer the right to contest the validity of a policy due to such things as misstatements on the application It is usually issued within 2 years of issuance.

A Living Benefit in a life insurance policy is a rider in which it provides the insured with an early payment in the event that a terminal illness or injury occurs. The payment is generally a portion of the policy's face amount. A Living Benefit can also be referred to as an "Accelerated Death Benefit".

The insurance company underwriter is the insurance company guaranteeing to pay for the losses insured against, as it is outlined in the insurance policy.
Also an underwriter is the person who assesses and classifies the potential degree of risk that a proposed insured represents to determine whether a person is a super preferred risk, preferred risk, standard risk or substandard risk.

Homeowners coverage helps limit your financial losses if your house or its contents are damaged, destroyed, or stolen, for a budgetable yearly premium. If you are adequately insured, homeowners insurance shifts the bulk of the liability exposure to the insurance company. Depending on your policy, if your possessions are lost or damaged by fire, theft, vandalism, storm or another covered disaster, your homeowners insurance can help replace, rebuild or repair the asset. It can also pay damages if someone is hurt while on your property. Generally, flood damage is not covered under homeowners policies and must be purchased separately as a seperate rider.