 I need to find a new health insurance for a family of four? |
| I need to find a new health insurance for my family of four. One with a low premium and (preferably ) without a deductible. We are in Michigan and everything I look @ is so high. But I need one fast ... |
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 What happens if a stolen vehicle is found after you collect from insurance? |
| What happens in a situation if you have a stolen vehicle and time goes by and it hasn't been recovered. You collect money from your insurance company for you loss and spend that money on ... |
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 Can I liquify a Life Insurance policy? |
| I don't even know why I have this policy. The premiums are steep. It seems to be part of my portfolio. I don't want to make the premiums anymore. What will happen if I don't ... |
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 What do you do when someone forges your name on a life insurance policy? ? |
| My mother-n-law is constantly forging my husband's name and charging things, etc. She's already forged checks and opened accounts that we've had to take care of. It's gotten so ... |
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 How do I get the insurance company to believe I a really in pain? |
| I have a worker's comp injury where I fell down cement stairs, out cold, awoke in ambulance. Have 3 disc bulges and whip lash type injury. I now suffer with extreme headaches. I have FCE Tues ... |
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 Do bars only take responsibility for injuries not covered by the person who hit you's insurance company? |
Additional Details
Ok, my husband and I were hit very hard by a drunk driver. Her and her friend in the car named the bar they were at (we got hit 2 blocks from the bar) and it's ... |
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| I was injured at work two months before I was fired and I am currently dealing with a hospital bill that won't go away. I don't have the money to pay for it. I've been calling my ... |
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 Health insurance? |
| i'm tryna find a good company to go through to get health insurance. do any of you know a good company to use for a decent price?... |
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 Buying individual medical insurance? |
| How much money does it cost to buy and indiviual medical insurance policy? I live in the state of New Jersey. What are some names of insurance companies that I could buy and individual medical ... |
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 Does a life insurance policy take funeral off the top? |
| The policy should have covered the burial and paid on the full agreed upon policy. That is a question. Isn't that true. Or can they subtract all small fees. Seems that is not right. what is it?... |
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 I rent a house and the landlord refuses to cover costs from a burgulary? |
| Whilst on holiday in spain over xmas the house i rent was broken into, ive had to pay ÂŁ140 to have the window boarded and the cost of replacement glass, my landlord refuses to meet the costs and ... |
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 What is a good health insurance company for one male age18? |
in the Northeast PA area? The male has genital warts also.
Can a male go to Planned Parenthood?... |
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| I know how to slove the problem, only problem is car insurance and accident insurance dont like the answer. First since everyone would have health insurance no one would have to worry about for that ... |
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| What should be the first certification I should get in insurance if i want to be an underwriter in the near future.... |
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Agent007ishere | Does PMI help your spouse with mortgage payments in case you die? |
This is the scenario. A family buys a house, pays PMI for 2 years, the husband dies, the wife cannot afforf the mortgage, does PMI help? |
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Bradley S
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No, the insurance that helps the widow with the mortgage is called Mortgage Protection Life Insurance. It will pay off the mortgage in the event that the insured (you) dies. Some people think it’s better to take out term insurance for the same amount as the mortgage. This makes some sense, but you must remember that you will leave a grieving family that may not make the best decisions with a huge amount of money paid in a death benefit. In other words, they may not pay off the mortgage, but rather may try investing in something or paying for something else. Unfortunately, unethical people will may try to profit from the situation. With Mortgage Protection Life Insurance, this can’t happen. The mortgage is paid off, period. Your family will at least have a roof over its head. |
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wartz
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PMI guarantees that the lender will get paid if the borrower defaults and the house does not sell for enough to pay off the mortgage. This doesn't help the widow. |
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acermill
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No, it does not. PMI is put in place to protect the lender in the event of default. You need to investigate mortgage life insurance. This type of policy is available to pay off the mortgage in the event of the death of the mortgage holder. |
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robert w
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NOPE PMI cover mortgage default an save the banks loss.
You need term life 10- 15 times ur annual income.
visit daveramsey.com to learn ur hard lessons from others hard lessons. |
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src50
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PMI is strickly for the benefit of the lender. It only pays if the borrower defaults. |
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The Oracle
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PMI is strictly for the lender's benefit. Try not to be stuck paying it.
You will want to get a regular term life insurance policy. Any death benefits should cover the following:
D -- Any debts you have, not including the cost of the house
I - Income replacement, if either the husband or the wife dies. Both should be covered, even if the wife does not work.
M - Cost of paying off the mortgage.
E - Education costs for any children involved.
Do not get a cash value policy, whole life, variable universal life, or any of these. Buy term and invest the difference.
For more on this, read up in "Personal Finance for Dummies." |
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