 Does anyone out there really make a good living selling insurance? |
| i'm thinking about an insurance career because they all pitch you on 60k minimum, but their always hiring too. that tells me they've got a high turnover. is it too good to be true? how ... |
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 Is it true that once I turn 18 I won't be covered by my parents' health insurance? |
| I am turning 18 in a few weeks, and I was wondering if I won't be covered anymore, I am currently a college student and I won't be able to afford ... |
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 Cost of Health Insurance? |
Hi,
Okay, so I need some help. I am moving to California to go to school for the next school year. My parents will not be paying for anything. I was wondering if someone could please ballpark ... |
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 Can my insurance company sue me for money that they overpayed me? |
| they sent me a check for 10 times the amount that it should have been but we had no clue, then a couple of months later they called and said that they had made an error and they wanted their money ... |
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 Is contents cover really worth it? |
i mean, only insuring the contents like PC, PSP, TV, Video, some gold and etc.. and if yes which insurer would u recommend
... |
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 Who buys Insurance like State Farm? ? |
If by any chance, anyone know what type of people buy insurance like age or lifestyle (single, or married etc.)? Is it normal for a teenage guy to look insurance up?
-Insurance as in Auto, Life,... |
|
 Why are car salespeople called DEALERS? |
And car insurance salespeople called AGENTS?
Additional Details
Dealers are selling someone else's product. Like GM, so actually they are agents for a much bigger company.... |
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bob b | Baby on the way. What additional insurance do I need? |
currently have life insurance through work for 5X my salary. Do I need more and/or life insurance for the baby. All help appreciated |
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schwurvy
|
Not knowing a ton about your situation, I would have to say from the surface of what you've said that you need more insurance. You'll read that most people should have 7-10 times their income as a general rule. A good insurance agent will do a survivor income needs analysis and an immediate cash needs analysis to provide you the right amount of insurance you should. You should now be taking into account how much income your significant other who would be taking care of the baby would need if you were gone and not able to provide it. As for insurance on the child, I think its a good thing to add. At the life insurance company I work for you can add a child rider of $10,000 for $4.30/month which will cover every child you have. Unfortunately things can happen to children and funerals are not cheap, I had a client have a newborn pass away recently and it was tough on them and expensive. I would get the process going on adding more insurance if I were you. |
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Insurance
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Life insurance with critical illness coverage will be good.
Some of the medication is way too expensive to treat critical illness.
Another option will be a saving plan offered by an insurer with insurance protection. The earlier you start such a plan the more money your child will gain. The power of compound interest |
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redd headd
 |
The only reason to get insurance on a baby is if there is a potential that in the future, the child would not be able to purchase insurance because of some medical problem. Other than that a child is not usually a wage earner and would not have dependents to support in the event of its death. |
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Mark S
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Drop the coverage through work!!! That is the first thing to do. Unless you KNOW for sure that this is 100% life insurance rather than accidental. If accidental, DROP IT IMMEDIATELY!!!! Your family won't receive a dime if you pass due to natural causes. You MUST die by an accident. Find an insurance company that will cover the entire family on ONE policy- you as primary, spouse as a rider and small payment for covering this child and any others you have now and will have in the future. Ask these questions- Do you want debts paid off?If all debt is paid, do you want income replaced- how much and for how long? Do you want mortgage paid? Childrens education paid? Funeral paid? Consider level premium term insurance for as long as possible- up to 35 years. |
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zander1331
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8-10X is the recommended amount in this situation. You do not need life insurance for the baby, but you definitely need to write up a will if you have not yet. |
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mbrcatz
 |
You know, that's a rough question. What do you want the life insurance to DO? And is that enough money to do it, for the time period?
Now, YOU can answer it!
OH, and I NEVER EVER EVER recommend insuring the baby's life. I think it's a major waste of money, unless your employer will let you add on to your group policy for $1 a month or some such. |
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Neva Give Up Hope TTC
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yes |
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Nebraska debtbuster
 |
well, just a quick note....will u have protection if you leave your job? make sure about that you r doing the right thing to start taking responsibility, but take it one step further, and buy some term unless u will be staying at your job for a very long time...25 30 yrs. good luck on the new family member... |
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aaron p
 |
If you died today, how long would 5x your salary actually take care of your child? Is that long enough?
Also consider disability insurance in case you are sick or hurt for a long period of time, it will help pay for diapers, mortgage, college fund, etc. Being disabled for longer than 90 days during your working years is more likely than dying. |
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