 Can I recieve compensation if I didnt get injured? |
| Ok, so today I was sitting in a bus stop when suddenly (from no fault of my own or others around me) all the glass from the window pane smashed and went all over my head. Despite being really shaken ... |
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 What kind of insurance protects your things without owning a house? |
| I'm going to be moving out soon and it's going to be the first time I need to buy insurance.I'm going to be living in an apartment,so what kind of insurance should I get in order to ... |
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| I am 17 , and i have a young son. I turn 18 in 4 months , But im starting collage and my husband works so he cant take me everyday. I plan on getting my license as soon as i turn 18 , But i cant wait ... |
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There's a situation at my work where large animals certain equipment = injured employees.
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 National Insurance Number? |
| Good afternoon, I left the UK 5 month ago,before that i claimed all my tax back from the NI.Now i would like to go back to London,am I goin to have a problem to ask for a new one?... |
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| I'm suppose to be getting braces this summer and I had a question. I'm suppose to do my research on orthodontists that cover my parents insurance. Will they or should they tell me, if I ... |
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| Our son got denied benefits. He is 10 years old, and was born mod/severe deaf. We have 5 children, and are a one income family earning about $60,000 a year. They said we make too much. I thought him ... |
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 Cashless mediclaim in India? |
| Which is the best company which offers Cashless mediclaim in India?... |
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| i live off of orange ave and sandlake near the fl mall... anywhere near there, conway, michigan, etc.. any answers will be helpful though!... |
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| emergency chapter 13 bankruptcy which should get my car back and tackle this other bad debt. Will my insurance lapsing be a problem for the retunrn of my car in the bankruptcy. I went out and got ... |
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Hi, I am 33 yr. old. I want to know what is the maximum amount of insurance I can get including all the policies.
I mean whether its 17 / 20 times the annual average of last 3 yrs gross total ... |
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| Need Help Choosing Insurance Company,etc.? |
| I Need To Find Good Insurance That Will Not Cost An Arm And A Leg(I Have A Full Time Min. Wage Job). I Am Turning 20 This Year & I Am Pregnant. I Will Need Insurance That Covers Dental,Eye'... |
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 Does a certain party have a right to sue? |
Company A (me)
Company B (my client)
Company C (pass through company that has a relation ship with company D)
Company D is the fiannce company that financed the sell for Company &... |
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StephenWeinstein | Can I have a reverse life insurance policy, where they pay me as long as I live and they get money when I die? |
With life insurance, I pay the insurance company money each month I am alive, and they pay my estate or beneficiaries if I die.
With an annuity, I pay the insurance company up front, and they pay me each month that I am alive.
I want a policy where the insurance pays me while I am alive, and then gets money from my estate when I die (my heirs do not need the inheritance). Is this possible? (A reverse mortgage will not work because I do not own a house. I want something like a reverse mortgage, but secured by my investment portfolio, not by real estate.) |
 |
 
rcdrury
|
Judy: "Sounds like you might do an annuity someday - I hope not.
I really hope not."
Wow, this statement is, at best, off-topic for the question; at worst, extremely irresponsible.
There are those who can benefit in various ways from annuities, those who should not be in annuities, and those who absolutely MUST be in an annuity to avoid potential financial ruin. Judy knows nothing about you or your situation. From what I've seen in this forum, I suspect she also knows pretty much nothing about insurance products in general. |
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wg0z
|
not gonna happen. there is no guarantee your estate will have any assets when you die.
if you have assets, just sell them now while you are alive. or buy another annuity. |
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car253
|
You only could do that plan if you have a life insurance company with lots of cash in it. Then a company will buy the policy and pay you hoping that you will die so their investment will pay off.
Usually people lose in this situation. |
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Lexie
|
Uh, I don't think these type of things exist. |
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Common Sense
|
Sorry, but no. What ensures the money will be there when you die? |
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Judy
 |
Simply take 4% out of your investments out per year.
Adjust for inflation each year.
Cost - FREE
Sounds like you might do an annuity someday - I hope not.
I really hope not.
/ |
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CC
|
What you're describing is a viatical settlement, where a company pays you a percentage of the policy payoff now, in return for them getting the full amount of the policy when you die.
Most of these settlements are done with people that have short life expectancies, usually due to terminal illness. They became very popular with AIDS patients many years ago, though with advances in AIDS research, the life expectancy has increased, and these settlements are less common.
In short, if you're young and healthy, you probably won't find a viatical firm to make you an offer, and if they did, it would probably be for less than the premium you paid. There are many viatical firms out there, but again, you have to meet their criteria.
As far as a viatical against your portfolio, forget it.
Google viatical settlement. |
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