 What does flood insurance cost? |
| Technically, I'm not in a flood zone, but I got flooded out last June...... |
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 HOW LONG TILL I GEt MY CHECK FROM THE INSURANCE COMPANY? |
| I have filed a claim with homeowners insurance regaurding the items stolen out of my car when it got broken into. i sent in all the prove of ownership and it was recieved by my agent one week ago. ... |
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 Improperly park pick up truck ran into home, owner 's insurance to pay damages? |
| I would like to hear from anyone who has had to deal with this. the front porch and steps damaged as ? foundation. What about structural damage? I asked for a structural assessment and the insurance ... |
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 Need a little piece of mind .? |
| what do you do if you have life insurance no children and no one to bury you.50.000 dollar policy.please give me some kind of answer.... |
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 Life Insurance for my father.? |
| My father is 45 years old and is the only one who works, my mother is one of those "stay-at-home moms". However, he doesn't have life insurance and feel that he needs it because if ... |
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 When buying car insurance is it better to have your dad own the car and put you as the additional driver to s |
| When you purchase car insurance is it better to have the car under your parent's name for ownership and add your self as an additional driver for your own policy to save money even when you'... |
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 Do you think health care is better here or Europe? |
| I have watched Sicko and it's a real eye opener for me. They say that the Universal insurance is better than american health insurance and the people don't have to pay for anything. What do ... |
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 How likely is it that my car insurance will go up due to this? |
Haven't had a claim in over ten years
Haven't gotten a ticket in probably 5 years.
But, the neighbor kid did $2K worth of damage to my car with his bike in three separate ... |
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 National Insurance Number? |
| I've just turned 16 and want to start a weekend job to pay (in part) for a trip to New York in December. Apparently, I can only get a job if I have a National Insurance Number. Is this true? If ... |
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 Insurance career? |
| should you take a job selling insurance if the lead is provided. Do these companies pay base at all. What question can be asked in interview?... |
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 How long should I give the insurance company to respond to my claim before following up? (Health Insurance)? |
I filed a claim with my health insurance carrier (the provider is out of network and does not file for me).
I sent the claim USPS Certified Mail, including all necessary claim forms and an ... |
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 I know a company that is involved in forgery and not sure what to do about it - anyone advise me? |
| I no a company that is involved in forgery - they deal with customers and if the paper work has not been signed they forge the signuature's so they can get there goverment grants ,I have ... |
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 Messed up driving record really bad!!!!!!!!!? |
| Hi everyone in the past year I got into a accedent once, had over 12 police tickets, such as running red lights, etc etc. Had my license suspended 4-5 times. I also had a insurance company cancell on ... |
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 My insurance plan doesn't cover mental health and I need a psychologist, what do I do? |
Hello,
I asked a question a few days ago in Answers about whether health insurance covers psychologists. I talked with Cigna (My health care provider through Healthy New York, the state�... |
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 I'm mad as hell and I'm not going to take it anymore...? |
First of all, I would like to start out by saying that I am being phucked up the old poop chute by my car insurance company.
Question #1: Am I the only one who thinks it's ludicrous ... |
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 New York Life Insurance,I have received a job offer from them can anybody tell me a little about there company? |
| It sounds as if there is a little buy in to be employed there and with the economy as it is I can't afford to take many chances and also on the economy I am worried about the amount of insurance ... |
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 Can I reduce my Home Insurance cost after two claims>? |
| LAST YEAR I HAD TWO CLAIMS DUE TO A FIRE ON MY GARAGE. ONE I HAD TO REBUILD THE ENTIRE GARAGE, THE 2ND WAS JUST MINIMAL DAMAGE, BUT IT STILL RREQUIRED PAYMENT, I BEEN SHOPPING AROUND FOR HOME IINSURAN... |
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Patrice P | Do single person with no dependents need life insurance? |
I'm 37 years old single no children do i need to purchase life insurance i have no other family so if i get life insurance who will be the beneficiary and according that finance lady suze orman on tv says i do need life insurance whos right |
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ratmforever
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Insurance doesn't benefit you but only your beneficiaries. You can put your parents as beneficiaries or spouse if you have. If for some reason you are truly a single entity with no relatives then you don't need it. Invest your money in investment tools instead so you can get loads of cash when you get old. Insurance are for beneficiaries, Investments are for you. |
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wiseghy
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I would say yes. Estates take forever to untangle after a death, and taxes can be horrendous.
Life benefits payout immediately. Those funds can be used for your funeral, as well as time off and travel for loved ones to get to funeral and wrap up your affairs.
Most people do not have a valid Will filed with an Attorney, and even when they do, the debt, tax issues and estate issues remain, especially if there are problems between survivors and interpreting the Will, asset distribution and debt claims.
I recommend that even single people have at least $50K (USD) in life, or 1x annual salary, depending on how much you can easily afford and how well your relatives can cope with your expenses after you die.
The cost of 50K in term life is usually so small, that many agents don't even bother selling such small amounts, so it is really not a matter of "greedy agents' inventing the need. For instance, I usually do not sell life, because clients MIGHT think I might be pushing something, and it's really not worth the hassle at all for the tiny, tiny commission (Usually about 20% or so for a cheap plan).
Many financial advisors feel the same way, so you must ask to buy it and then keep it.
I have had clients die, so I know that a significant check at the time of death smooths over many family tensions and financial issues during the high stress of a death. It also helps settle out debts and the costs and time of estate liquidation. |
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Serge M
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Despite the convincing sales pitches of insurance sellers, single people with no dependents have no use for life insurance. Insurance companies try to sell policies that include an investment feature, but such policies cost far more because part of the premium is for insurance you don't need, and the other part is invested at much lower returns than you can get elsewhere. |
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David M
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No you don't. The only reason I can possibly think of (and the life companies throw this out all the time) if you're insurable today, you may not be insurable tomorrow. If you buy insurance now, that is not a problem down the road. Take the money you plan on paying life insurance premiums with now and put it into a high yielding account or mutual fund. If you live long (which is what I'm sure you plan to do) you'll have a lot more money available than if you had bought the life insurance. Good luck. |
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Chris C
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If you are single, you will still die eventually and there is a cost to dying refered to as final expenses (funeral, casket, previous years taxes, etc). This cost will be passed on to someone. If nothing else, buy at least enough to cover your final expenses.
When you say you have 'no other family' if you mean no parents, siblings, neices, nefews, relatives of any kind or any friends for that matter that would want to see a proper burial for you or would be effected by your estate being bankrupted and in debt, then you may not need insurance. Your best bet is to seek a trusted financial professional and ask them to do a full needs analysis and then you decide is buying insurance to cover that size of a need is nessesary.
One other thing, some single people use insurance policies as a legacy fund or to donate to charity...depends on your personality.
Suze Orman is knowledgable of something, but not everything. Seek more than one opinion about any financial ideas, before implementing it. |
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shiprepairwoman
 |
No, you don't need any at all except to pay for a funeral if you have no assets.
Suze Orman is wrong girlfriend. Life insurance is to take care of people financially after you aren't there to do it. If you would leave a dependent child, parent or spouse you should have enough to cover your obligation.
I don't have any at all I even turned down the life insurance at work. I will leave investments and house to my boyfriend, mother and nieces and nephews so they can pay for my funeral. I don't support them now and won't when I am gone. |
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Bradley S
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The idea behind life insurance is to help your dependents cope with the sudden loss of income if you die prematurely. If you have no dependents, there is really no reason to have life insurance. If you do marry and have children in the next few years, you will need life insurance, but the cost will not rise that much. For example, according to the latest survey by Insure.com (see article below), you can get a 30-year term life insurance policy with a death benefit of $250,000 for around $300 a year at age 37. If you marry and take out the same policy at age 45, the same policy would cost you $520 year. By locking in now, you could save $220 a year—but of course you would be paying $300 a year for eight years of coverage you don’t need, a total of $2400. So you would not realize any savings until the 11th year of a policy started at age 45. That might make sense, but only if you know for sure you will have dependents by them, which you do not. So, no, I would wait and see what unfolds in your life. If you do happen to marry and have kids, you won’t be fretting about much you could have saved in the 11th year of a life insurance policy. |
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