 Lost Digital Camera? |
Hi,
Help, I can't find my camera!! I don't know where I left it or if it was taken from my car. Some friends said I should call my insurance company and see if they will ... |
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 Should she or should she NOT call her Homeowners INSURANCE CLAIMS DEPT? |
Hi, I would like you opinion about a Friend of mine and if you think she should bother calling her Homeowners Insurance company. I will try to keep this short and relevant:
She lives in W... |
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 Is it legal for a doctor's office to bill my insurance company for a missed appointment fee? |
| I had called and left a message on the answering machine of my doctor's office cancelling my appointment awhile back. They charged me a $50.00 missed appointment fee anyway. I just received ... |
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 Looking into LapBand surgery does anyone know insurance coverage for BCBS? |
Additional Details
boy why do people have to be so rude, aren't we supposed to ask questions on here.... |
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 National insurance Number? |
| is it possible to get a job without requiring National insurance Number?... |
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 Would i need to switch health care providers if i'm moving to another state? |
| Before i move i was just wondering if it was necessary for me to switch health care providers if i move to another state. but the thing is, i'm the only one moving to another state, while the ... |
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 What happen if i have life insurance and after 5 years of paying it i got lost in the Amazons? |
| i want to know if i got lost in some place and they never find me, how the insurance company will do, if they will give the beneficiary the money or the company will keep ... |
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| I can't get insurance, what do I do? |
| I am 20 yrs old, I need commercial auto insurance for two trucks. Isuzu NPR-HD's one new, one used. (2007 New, 2001 w/177K) both at 14,500 gvw. the trucks are small and the business idea is ... |
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 Dental insurance vs dental discount card? |
| hi all! so, i need two root canals and two crowns, and as a poor full-time pre-med student i have no dental insurance. i looked into the option one dental discount card, which is 55 bucks per year ... |
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 My parents have left me everything in their will, and i am the beneficiary of their life insurance.? |
| in the event of their death, is it my legal responsability to settle their debt I.E. credit, loan etc. can these company come after me for settlement? can they go after the life insurance left to me?... |
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 What insurance does my partner need? |
| My partner is a fully qualified carpenter/joiner, and his boss has decided to dissolve the company, leaving him out of a job in two months. We both see it as the perfect opportunity for him to set up ... |
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 Health Insurance? |
| Hello, I currently have health insurance now with my job that I've been with for 6 years. However, I'm going to be leaving the job but do not want to be without health insurance. I do have ... |
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 Could you answer this health insurance question? |
I recieved a health insurance bill post surgery. It gives me:
1. Submitted charges- 3,000
2. Ineligible amount- 2,000
3. Deductible applied- $0.00
4. Covered amount- 1,000
5. ... |
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 I'm studying to become an insurance agent. My study book says the following: ....? |
| My study book says the following: "It's important to remember that insurance is a BUSINESS. Some people think of insurance as a service that helps people in times of need. Insurance ... |
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candi82 | How do major life insurance policies work? I have only ever had the ones offered through jobs.? |
I am single, non-smoker, 25 year old female in reasonablly good health. Non-homeowner & no kids.
How do you invest through life insurance? Etc... |
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Bradley S
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Life insurance is designed to protect a family against the financial burdens that accompany the sudden, unexpected loss of a breadwinner. You have two options: term life and whole life. You pay a monthly premium with each. A term life policy will pay a death benefit in the event that you die during the specific time, or term, covered by the policy. A term life policy has a start date and an end date. If you die the day after the policy ends, the insurance company does not pay a death benefit. The premiums that you pay for a term life policy will be gone when the term is up. You will never see that money again.
A whole life policy covers your for your entire life. If you die the day after you take out the policy, you are covered. If you die in 20 years, you’re covered. And if you die when you’re 80, you’re covered. In the mean time, the insurance company invests the money you pay in premiums, and some of the earnings are put into your policy in the form of cash value. The cash value builds over the years. At some point—when you are on a fixed income, for example—you can use your cash value to pay the premiums, keeping your policy in force. A whole life policy costs more than a term life policy, of course, because of these investment features.
Some people say that you could invest the money you save by getting term life in something that earns more money than a whole life policy. That may be true, but be realistic about your investing skills: Would you really invest the premium savings? Do you know enough about investing to guarantee a profit? Whole life is guaranteed to build cash value. Good luck! |
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ricks
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1. as a single person with no one that relies on them for income, your insurance needs would be minimal. Until that changes, you should pretty much just keep what you have at work. A very small personal policy would be ok, but probably not needed. Life insurance is to replace income from someone that has others relying on them (kids, spouse, parent, etc...)
2. Dont invest through a life policy. I am assuming you are speaking of Variable life. I personally am not a big fan of these. I think investments & insurance should be kept apart from each other. If you want to invest, then do so. If you need insurance, get it. But it should not be a 2 birds with 1 stone kind of thing. |
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deep5223
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First of all, investing and life insurance are two different things and you do them for different reasons. You purchase life insurance to protect your loved ones from the loss of your income and to pay off your debts at your death. You invest to have money to buy the things you want, when you want them and to have a comfortable retirement. I never recommend you invest through life insurance. How it works is simple. You decide how much you want to purchase, you buy the insurance and when you die they pay your beneficiary. The amount you need varies by individual and I would suggest you contact a local insurance agent who can talk with you about what is right for you. |
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aaron p
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You generally cannot "invest in life insurance" because most contracts are not securities. The only life insurance policies that would qualify as securities are variable life policies. Furthermore, most broker-dealers (that's the entity in charge of overseeing folks who can sell securities) disallow that colorful turn of phrase.
I'm sure the spiel included something about income tax-free retirement etc, and you feel comfortable with the investment options. Ask this agent about the volatility of the life contract itself (not the underlying investment). <agent may scratch head> To help that agent demonstrate this to you, ask him or her for an illustration at the SAME interest rate on the guaranteed and current side. The difference between these columns reflects the swing that the adjustable mortality and administration costs have on your account. This is out of your control and company strength etc has nothing to do with whether and how much these charges may increase.
Oh, then talk to a real financial planner and get a game plan together. |
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mbrcatz
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Well, you DON'T invest through life insurance. If you did, it would sound like this:
Hiya! If you pay me $1,000 a year, I'll invest it, keep 95% of what I make, and give you 5% back!
Doesn't that sound great? NO. Because life insurance is NOT a good investment tool.
Do you want LIFE insurance, to pay someone if you kick off, or an INVESTMENT? There are MUCH MUCH MUCH better ways to save money than life insurance (like, a mayo jar under the bed). If you're looking for an INVESTMENT, check with your employer for a 401K plan. Or set up an IRA plan at www.schwab.com. Or just start putting money in the BANK every month.
But don't EVER buy life insurance as an "investment". That's just like buying a pair of Prada heels to bang the nail in the wall with. It's not the proper tool for the job, and you're wasting your money using the wrong tools. |
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