 Can i claim off my house insurance if my keys have gone missing? |
| Im a council tennant, not quite sure if i can get the locks changed for free. I will find out tomorrow, however need to know whether if i have to pay, can i claim off my house insurance. Will i ... |
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 Will my fiances health insurance pay for my medical care during pregnancy after we get married? |
| I am 4 weeks pregnant I am marrying my finace on June 30th. He works for Jewel-Osco and has pretty good health insurance. Is the insurance company going to pay all the expenses during my pregnancy ... |
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 Does anybody know if my auto insurance will cover damage to my car doors caused by my kid? |
| My child was playing outside and accidentally damaged my car door. Would this be covered under comprehensive or maybe my home owners policy?... |
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 How I can find out if someone has a life insurance on me? |
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| I would assume they could afford any hospital bills, no matter what illness, so do they even bother getting health insurance?... |
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 No win No Fee??????? Any advice please? |
| Hi. Has anyone used one of these companie's? If so how long do they take to sort things out. Very briefly, had an accident at work, got a Solicitor on the case just wondering how long before it&#... |
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 Unemployment and Health Insurance in Ohio? |
| I got laid off two weeks ago due to shortage in work. I will start receiving the unemployment benefits the coming week. I was scheduled to have a varicocele surgery in the first week of January. My ... |
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 What is the best way to take care of the medical expenses of my aged parents ? |
My parents are aged 63 & 58 . They are not covered by any insurance so far. Both of them are diabetic and take medicines daily.
What is the best way to deal with the medical expenses that ... |
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 Health Insurance? |
| I may be accepting a job that does not have health insurance. What are the disadvantages of having an individual health plan? What is an HSA and how do I get one?... |
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 A friend of mine's husband just passed away. Does she have to pay tax on the life ins. money? |
It isn't a lot of money, about $50,000. Has to last her the rest of her life. Can anyone help. Thanks...
Additional Details
The spouse died of complications of surgery, not an ... |
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 How much it cost to get buried? |
What is the average cost of burial and moseleum?
i'm thinking of getting life insurance (i'm in my 20's). I want a nice casket and to be buried in a moseleum (sp)....what is the ... |
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 Can just anyone take out life insurance on anyone else without telling that person.? |
Can they make them self the beneficiary and claim the money when the person dies.
Additional Details
Ok, first of all, I'm not planning any insurance scam. A lady friend of mine ... |
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| If I have an individual health plan which costs about $150 month, then for some reason I become seriously ill, can my insurance company raise my premium? If so, how much? Is there any kind of legal ... |
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 Do i have to keep paying insurance on a car that i wrecked if the insurance company is paying for the accident |
| i got into an accident that was my fault. i wrecked my car and their car. my insurance is paying for their car but since i only had liability they arent paying for mine. my are is a total loss and im ... |
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| Who should I talk to when my health insurance coverage changes and I can no longer afford my medication? |
| My medicine went from costing me $40.00 a month to $2000.00 per month and I have no way of affording this cost. My life is dependent upon my medication. I have spoken to the insurance provider to no ... |
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WhyAskWhy | Accidental Death Mortgage Insurance? |
We just got a letter in the mail...an offer for Accidental Death insurance for our home mortgage from Union Security Insurance Company. Should my husband die in an accident (whatever they term an accident to be; they don't have any definitions here) our mortgage would supposedly be paid off, depending on his age at the time of his death. (The benefits decrease with age.)
Is this type of insurance really necessary or advisable? What criteria should one use in determining whether or not they should purchase this type of coverage? |
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TruthMastaT
|
This Accidental Death Mortgage Insurance is often called "Optional Insurance" by mortgage industry professionals.
In the mortgage industry, Optional Insurance is thought to be a rip-off. If you have any sort of Life Insurance, then your beneficiaries will receive a ton of money if you die. If they choose to pay off the mortgage with that extra cash, nothing is stopping them. If they wish to buy a new house or open a new business (and leave the mortgage balance as it is), then they would have those options as well.
I recommend against Mortgage Life Insurance (Optional Insurance). You can get a better deal on a regular Life Insurance policy that will accomplish the same objectives and offer your beneficiaries more flexibility.
Hope that helps.
Good luck! |
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bdancer222
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Check into cheap term life insurance. It will probably be cheaper and have fewer restrictions on payout. The beneficiaries can also decide how to spend the funds and not be tied to paying just the mortgage. |
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efflandt
 |
Generally standard term life insurance would be a better deal because it would pay a fixed amount regardless of when it is needed. Mortgage insurance only pays what you owe on the mortgage, so if your mortgage had been paid down for 10 or 20 years, it would only pay the balance. Whereas, regular life insurance would still pay the face value of the policy.
In fact if you completely paid off your mortgage, the mortgage insurance would become worthless, but regular life insurance would still have the same death benefit it originally had. |
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mbrcatz
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If you want your mortgage paid in case your husband dies, get REGULAR life insurance.
Accidental death only pays out if he dies suddenly, and accidentally - no heart attacks, no cancer, no strokes, no suicide/murder, etc. It's like buying car insurance to cover you if you get hit by blue cars. Kinda silly.
My advice, don't buy insurance that only pays out on ONE kind of death. You're EXTREMELY unlikely to be able to collect. |
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Ronda B
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Usually that insurance is really cheap. It depends on your situation if you really need it or not. Its not a bad idea but keep in mind it only pays if he dies in an accident. Do you have other insurance to pay the mortgage if he would die? If you don't you should have. |
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friendlystranger65
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Accidental death benefits are not worth the money.You are better off using the same money and buying standard term insurance.
Only about one in 6 people dies accidentally. Everybody dies. The best insurance is the insurance that is in force when the claim is made.
Another option is disability income insurance. The best kind is individually owned, non-cancellable, guaranteed renewable. It needs to have both clauses, non-can, guaranteed renewable.
Half of all men who are now age 35 will be disabled between now and their age 65, and their average disability will be two and a half years. |
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Queen B
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the above are right...get life insurance instead!!! much better way to go! |
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