 How much should i insure my house for? |
| My house and land (combined purchase) cost $185,000.I have stainless steel appliances, (combined D/W, microwave, fridge, electric stove, central air and water heater. Furniture (contents) not ... |
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 Did auto insurance go up this year? |
| if so why did the prices go up? thanks a ... |
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 Does a border agent have the right to ask for auto insurance documents? |
Also, can they hassle people about which state their car is registered in? Is it their job to report insurance and registration irregularities to the California DMV?
I'd like an ... |
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 Does your insurance go up? |
| If you park in a bus stop zone, in NYC, and get a ticket. Does your car insurance go up? What happens? I paid it off right away in like 2 hours, will there be something else?... |
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 Will home owners insurance cover my auto after hitting a garbage can in the middle of the road??? |
| It was early in the morning, on a dark county road.....I struck the bottom of a black garbage can made of plastic. It was very cold and my bumper was damaged fairly well. It was not my garbage can or ... |
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 Insurance for over 65 cheapest? |
| i want a medical cover as well astravel ... |
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 Please explain the Advantages and Disadvantages of Life Insurance? |
Please explain the Advantages and Disadvantages of Life Insurance
Thanks.... |
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 If you have a 100,000 life insurance plan..do you have to pay 100,000 dollars to your act to recieve benefits? |
| if you have a 100,000 life insurance plan..do you have to pay 100,000 dollars to your account to recieve benefits?... |
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 Do you believe in having lots of insuriance or very little? |
| I hear people talking about life insuriance, auto insuriance, home owner's insuriance, etc., etc., etc.... how much do you believe in having? Which kinds? Or do you believe that paying for ... |
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 Who is responsible for filing liability claim under renter's insurance? |
| The washing machine I own malfunctioned and flooded part of the apartment I rent. The landlord is billing me for charges incurred for replacing the carpet padding and providing blowers to dry the ... |
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 Short & Long Term Disability Insurance? |
| If someone is a not able to qualify for STD or LTD insurance. Are there any other options?. My friend has MS. She was just diagnosed. What can she do? Is there any options or insurance for her ... |
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 Looking for good source for Burial/Funeral/Final Expense Insurance for 80 yr. old mother? |
Looking for policy in $5,000 - $10,000 range with no medical exam (sort of like what AARP offers) Must be valid in N. Carolina.
T... |
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| My car was deemed a total loss by the insurance company, how much should I get? |
| I have a 1999 mercury sable GS with 99,000 miles. The car is located at the zip code 08080 (new jersey). An appraiser came out and said the damage done was near $2300 and it was deemed a total loss. N... |
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 Does renters insurance cover my jewelry? |
| In case it breaks, gets stolen etc. And what about loss?... |
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 Can hospitals find out if you are insured under your parents plan if you don't tell them? |
Additional Details
i dont want my parents to know that i had to go to the ER for something theyd probably disown me for, so i want to avoid having to use their insurance. i am not a ... |
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 It's really old now? |
| is anyone finding those Geico commercials with the cavemen to be annoying ... |
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 Insurance Question. Here it is. What law authorizes an insurance company to get a copy of your criminal record |
| Please do not respond with personal theories, personal experiences or personal philosophies. Limit your answer to the MASSACHUSETTS LAW ONLY. In other words, begin your answer to my question with, &... |
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Steph K | How do life insurance companies make money? |
I mean, there's not really an ideal customer. Everyone's gonna die.
I did the math for my life insurance. I'm 22. I'm young, healthy, and I don't smoke. I have a $20,000 life insurance policy that I pay $10 a month for. Even if I live for another 70 years, I'm only going to pay them $8400, meaning that they're going to lose $11,600.
How do these companies stay in business? |
 |
 
anish k
 |
Basically what these life insurance companies do is they invest 70% of your money in stable or govt. related funds and projects. Then they invest in gold. Also they give out your money to people as loans. Thus they earn a fat premium of the money that you give them. |
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src50
 |
Statistics and investments. They know that statistically they will only pay out claims on a small percentage of the policies. Also, they invest their money to earn additional profit. |
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dsz5463
 |
They invest the money and get a return on that investment. Go to any financial website (MSN money may have it) and plug that $10 a month into an investment calculator and see how much they get at what rate of return.
Plus, if you don't keep that policy your whole life they get all the premium and don't pay out a thing.
Make sure you need the policy. if you don't have dependents or you have PMI for your home if you have one, you might be better off investing that premium yourself. Term is cheaper but whole life gives you other benefits.
Only buy the coverage you need for you stage in life. You're unlikely to die soon so that's why it's so cheap. They know they will make money off you. |
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Holley C
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You will not continue to pay $10mo. for your policy. Your rates will increase as you get older. Smokers and people with health problems pay much more.
Also, unless your policy is a self-renewing policy, you will only have your term policy for a certain amount of time. If you do not die during that term, they keep all the money you paid into it. Then you have to get a new insurance policy, at which time you can change the amount that it is for, but your rates will be adjusted according to your age and your health - you will be older and chances are, you will not be in the same health. You will keep this term policy until you die or it runs out. This cycle keeps repeated until the end of your life, as long as you have a term policy. You don't die, and they keep your money and you have to get a new policy every time your current one runs out. |
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