 Help! about getting into a health insurance? |
Hi. I have a problem with my intestine and the doctor said that i needed an insurance in order to look into my intestine by an exam because it will cost too much.
So, to get an insurance, would ... |
|
 Other than building insurance and car insurance is it worth having any other insurance? |
in this throw away culture we live in. I mean the access you have to pay is almost as much as going out and buying new?
My husband ACCIDENTLY dropped our expensive TV and we have been ... |
|
 Will my car insurance payment get there on time? |
| I mailed my payment today and it's due 12:01am, Sunday, 9/16, Philadelphia. Do you think it'll get there on time? What if the office is closed on Saturday?... |
|
 Is car insurance in uk one big fraud ? Was your car insurer ok when u made a claim ? |
i know that the cheapest one is tesco, i know there is confused.com etc, but the cheapest is not the best, i need reliable insurer
i read scary reviews on car insurers in uk(www.dooyoo.co.... |
|
 What is that thing mean in those life insurance commercials? |
| They keep saying your benefits will never decrease and your premium never increase?... |
|
| Looking for health insurance? |
| i have just been removed from my dad's insurance. i am a 19 year old student and i am attending hair school. i am un-employed at the moment, but i am looking for a job. he says that they are ... |
|
 I just got my insurance check with my name and the body shop name on it, do i have to get it fix? |
Additional Details
most of the hail damage already pop out because its been 6 months since i file that claim and now just got my check and i don't want to ruin my paint trying to ... |
|
 If you have life insuance...........? |
| and you were struck by lightning or another 'act of god' was the cause of your death would your loved ones still be able to claim the insurance... i ask this as you can't on your ... |
|
 A question about insurance? |
| i am 19 and not married, have no kids and not in school. i work 35-38 hours a week but at my job u have to work 40 to get insurance & they will not let me work 40. i live in ohio and was ... |
|
 Grandmother won't give me life insurance money my father left me 15 years ago......? |
| My father passed away when I was 9. He supposedly left 60K life insurance to me, which I had to wait til I was 25 to receive. It was supposed to be handled by my grandmother until I was of age. When I... |
|
 Life cover vs Accidental death cover? |
Hi,
I am a 30 year old guy, who is thinking of taking an insurance cover against any premature death. I am unable to make up my mind here, which one is better? the life cover or the ... |
|
 Does anyone know of any programs that assitst college students w/o health insurance with medical bills? |
| I recently had to go to the emergency room and now my bill is over $7500.00. I'm looking for a 'chairity' like program that assists college students with no medical insurance.... |
|
 Where can i get basic cheap travel insurance please? |
| im going on a 19 day cruise and i want insurance to cover personal injury and very little else. im not concerned about the value of the cruise as i didnt have to pay for it. im not concerned even, ... |
|
 Car accident? |
| My wife got hit yesterday going thru an intersection. A woman failed to yield and she was hit, spinning her into a 360. The car has been deemed inoperable by both our police department and the body ... |
|
 How come 60 million Americans Lack Health Insurance? |
but car insurance is mandatory. Isn't that ironic?
Americans must have car insurance but not health insurance.... |
|
|  |
mlcrfctac | Borrowing on a life insurance policy? |
If a life insurance policy was created more than 2 years ago and it's worth $100,000. How much would you be allowed to borrow from it today. |
 |
 
mbrcatz
 |
Probably nothing - it hasn't been in force long enough.
If it's TERM insurance (which, btw, is the BEST insurance deal going) then you can NEVER borrow against it. If it's whole life, after a few years (like five) you can usually borrow up to 10% of what you've paid into it.
That's why it's a rotten deal. Say you're 25. If this is a term policy, it's probably costing you $200 a year. If it's a whole life policy, it's probalby costing you closer to $2500 a year. So after two years, on a term policy, you've paid $400. On a whole life, $5,000. But if you have any cash value built up, it's probably worth about $500.
If you had purchased term, you'd have $2100 extra, and you WOULDN'T have to ever pay it back. |
|
Doing the Right Thing
 |
The amount of cash value in your policy should be stated in your policy. Its probably only have a few dollars to maybe $1000, depending how long you have the policy for. Your life policy is not worth $100,000, this is just the death benefit. The actual worth of the life policy is how much cash value you have in the policy.
Every year, your life insurance company should send you a statement on how much cash value you have in the policy. |
|
FeedTheWorld!
|
I recommend you talk to your agent about this.
But from my limited knowledge... you'd receive (around) 100k if you died. However, you might not have 100k in equity (i.e. face value). I doubt you can borrow against the 100k... but rather the equity. |
|
JNC
|
If yours is a permanent/cash value life insurance policy. If there's any cash value less surrend value/allowance.. you can borrow from this amount. Also depending on any clauses and min. amount you can borrow. If you cash surrender balance is less, you can't borrow. |
|
Ron@InsureMe
|
Term insurance is a policy with a set duration limit on the coverage period. Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage terminate. This type of insurance policy contrasts with permanent life insurance, whose duration extends until the policy owner reaches 100 years of age (i.e. death).
These type of policies provide a stated benefit upon death of the policy owner, provided that the death occurs within a specific time period. However, the policy does not provide any returns beyond the stated benefit, unlike permanent life insurance policies, which have a savings component that can be used for wealth accumulation.
If you have a term policy with a value of $100,000 then you can't borrow from it. If you have a permanent/universal/whole life policy valued at $100,000 then this value is probably made up of:
1) Face value of $100,000 (which you can't borrow from)
2) Cash value (accumulates in addition to face value of $100,000) of $0.00.
You can only borrow from the cash value side of the policy & not the face value.
Try getting an instant quote below. Policies start at as little as $3 per month.
Life Quotes: http://www.insureme.com/landing.aspx?Refby=615159&Type=life
Take care,
Ron @ InsureMe |
|
529s.com
 |
You'll need to call the agent that wrote the policy or the company that issued it. Make sure you have the policy number when you call and ask them what the loanable value of the policy is. Also ask them what the interest rate on the loan is. I have both whole life and term life insurance for myself and wouldn't have it any other way. Its not a great idea to borrow money on a life policy though and I would research my options (home equity, personal loan..) before pulling money from your life policy. |
|
d0nnix
 |
An insurance policy has a conditional value and might be worth $x at any given time but if never claimed is worthless. |
|
insuranceguytx
|
Term insurance is a GREAT deal IF (and IF is a mighty big word) you are disciplined to save enough during the insurance term (30 years if it is a 30 year term policy) to pay all of your bill through the rest of your life and you have no large unforeseen expenses like uninsured medical bills, a larger home or second home later in life, care for aging parents etc. It is also a good deal if you are guaranteed to die during the term.
Term has its place but perhaps it is best to own both term and permanent insurance.
Go talk to one or more agents in your area.
Good Luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 28 minutes(s) ago
| | | |
8 | 38 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
8 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
