 Of a participating whole Life policy is cash surrendered. which is taxable? |
1 Participating dividends and any amount over the premiums paid is taxable
2 The cash amount plus the interest earned on policies loans plus dividends less premiums paid are taxable.
3 Only ... |
|
 My mother has bad health and wants either life insurance or burial insurance, or she wants to start an IRA.? |
| She wants to do this to help me offset the burial expenses for her. I think she is uninsurable due to the fact that she is diabetic and her a1c numbers are out of control. I think an IRA would be ... |
|
 Is there a way to get military insurance approval for doctor of my choice? |
| My husband is military so I can only use an outside specialist if it is something that the military hospital cannot do. For many different reasons, I have begun to mistrust the competency of the ... |
|
 Could you pl suggest me , which is the best health insurance policy for my parents?? |
--I am looking a policy which cover both my mam and dad(under same policy both should cover).
--my budjet for primium upto 12,000/- p.a.... |
|
 I am 19, live in massachusetts asnd have no health insurance. am i going to get fined? and if so, how do i obt |
Additional Details
**** i am 19, live in massachusetts and have no health insurance. am i going to get fined? and if so, how do i obtain insurance if i am unemployed?... |
|
 $25,000 medical bill!!??? |
| uggghhh i had health insurance from the state and now the hospital is sending me a bill due on the 14th for 25,000!!! what so i do ?? i do not have that much not even saved im saving for a down ... |
|
 How much does it cost to buy insurance for a small business? |
Additional Details
insurance for the building.
and health benefits.... |
|
 If a life insurance agent works solely on commission and they sell to a customer a term policy .....? |
| and they sell a term policy to a customer that's about 600K, how much would that agent make off of that sale?... |
|
|  |
SAN<1984> | Good question about financed car and insurance.? |
I'm insuring two cars and my rate is high. I would like to know, Is it possible to tell my insurance company that my car is no longer finance (even if it still is) so i can switch to a liability coverage and lower my rate. Is my insurance company going contact my finance about detail...
Additional Details
I have the option to the the changes myself online my concern is about my financing institute knowing about the changes in insurance |
 |
 
mbrcatz
 |
Sure, you can lie about it. Your insurance company will send a notice to the leinholder, that the leinholder is being deleted from your policy at your request. They have to do that. Then you can delete your coverage.
But then the lender can and will (eventually) put "forced placement" coverage on your car, that ONLY covers them, and it costs 10X what regular collision & comp costs, AND, they add it retroactively, and take your car payments and apply it to the insurance FIRST, and increase your payment amount. So it's CHEAPER to carry it on your policy. |
|
dcgirl
 |
You will have to produce a clean title proving that the loan is paid off before your insurance company will make this change, and you can't get a clean title without the loan being paid off. So you can tell them whatever you want but they won't change the policy till you can provide proof of satisfying the loan. |
|
Tom Z
 |
San, Yahoo!Answers is a great resource but sometimes the answer is unclear. Can you get away with it or not?
Maybe I can help. There is a very little known feature in Yahoo!Answers. Instead of vague answers to your question you can be provided a sneak peak at your next question -
Q. "Last December I took a chance and deleted collision coverage on a car that I had financed. Collision premiums are pretty high so I thought why not save some money, the finance company will never know that I don't have collision coverage.
Last week when I was changing a CD I looked down for just a second and didn't see that the car in front of me had stopped. To make a long story short my car was totaled. I'm fine thanks, no injuries.
But now I must replace that car but I can't afford to buy another one. It's a real mess the finance company is suing me for immediate payment because they no longer have collateral for their loan. I can't pay them, how can I come up with (insert your loan amount here) and buy another car. What can I do? Your advice is appreciated."
Pretty neat new feature, huh? Feel free to use your second question whenever you need to. |
|
cattbarf
 |
If you have high rates, try another insurance company. The rates charged don't have that much to do with what the insurance company charges, other than for carrying collosion/comprehensive. If you have confidence in your driving habits and your neighborhood, you can always increase your deductable and save that way.
What you propose is fraud, and could lead you to be in deep doo-doo if there is an accident. |
|
ktlove
 |
sounds like a terrible idea to me.
i am sorry your rate is high, perhaps you should shop around? |
|
lilpuppy6
|
I'm not an attorney, nor am i suggesting you do this, but i have "heard" that sometimes you can call and tell your ins co, that you won't be driving one of the vehicles, claiming that it will be stored away. So ask them for a "storage" insurance quote...to cover just the bare basics of insurance needed for the vehicle in storage.
this storage insurance rate saves you about 85-95% of normal rates.
WARNING...if you drive this "stored" vehicle and you get into an accident..you are in big trouble mister.
so way out the possibilities and risks to see if it's worthwhile. I heard of several people doing this "temporarily" with succes with financed cars,till they were able to get caught up on thier bills.
good luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 17 minutes(s) ago
| | | |
5 | 22 minutes(s) ago
| | | |
6 | 30 minutes(s) ago
| | | |
6 | 1 hour(s) ago
| | | |
6 | 6 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
5 | 4 day(s) ago
| | | |
6 | 5 day(s) ago
| | | |
6 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
