 Is this true on the Beneficiary? |
| My husband has his will to his mom and dad to inherit everything but told me recent that I am the beneficiary of his stock certificates .I know he had the stock certficates sent to him in paper form ... |
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 Can you recommend a good auto insurance that offers great service at a reasonable rate? |
I need auto insurance that includes crack window coverage.
I have a 2007 vehicle and my current insurance wants me to pay a $250 deducticle before they will pick up the tab.
W... |
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A month ago I went to emergency in South Carolina. My hands were burned by hot peppers so they applied an anesthetic cream and wrapped my both hands. I spent 30-40mins in there.
I am a ... |
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| I have some questions in regards to starting up a financial consulting business? |
I want to start up a financial consulting business. I have 3 questions.
1) Does anyone know of a broker dealer who will sponser me, along with a ball park estimate of fees I would have to ... |
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 Insurance eligibility question? |
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 Medical Health Insurance Florida: COBRA Coverage? |
| When seeking Medical Health Insurance in Florida, how can I compare the cost of my COBRA coverage to individual Family Health Insurance Plans?... |
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Additional Details
does anyone know anything about online classes for p&c license? btw, i really appreciate all of you spending your quality time to answer my questions!... |
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| Can enployer who provides free health insurance as a benefit for working night start charging you? |
| I have worked for a company for 5 years and Always had free health insurance for working nights when I started it was considered a bennefit now I have to pay can they do tht under ... |
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 Going to have a baby. how much will the insurance cover ? please advice. thank you.? |
we are single income family, and make around $50,000/year. we have nearly $20,000 in debt right now. we are expecting a baby in january.
we are insured by united healthcare.
i need the ... |
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Rabbit | How is the loan value of a whole life insurance policy determined? |
The policy may be paid and it is payable on death in the amount of $50,000.
Additional Details
It isn't my policy - I don't have access to the terms. |
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gaken2000
 |
It's often a percentage of the total cash surrender value of the policy (not the death benefit), such as 90%. For example, a $50,000 policy might have a cash value of $5,000. So the maximum loan available might be $4,500. But you'll have to know the terms of the policy to be sure. |
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thiny72
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How long are you speted to live, under your actual health conditions.
I think! |
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mbrcatz
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Well, about 10% of what you pay in, in premium, goes to "cash value". So if the policy is costing about $300 a year, about $30 a year goes into the cash value. So it depends on how much the premium is, and how long the policy has been in force - but I'd be VERY surprised if the loan value is more than $2,500 - and only that, if the policy is paid in full, and has been in force 50 years or so.
As it's not your policy, though, it's a moot point - you can't DO anything about it, and it's not your business anyway. |
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car253
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The death benefit is not the cash value.
You can only borrow against the cash value which probly is very little unless they have had the policy for a long, long, long, long, long time.
That is why whole life and universal life policies are big rip offs. If you want to invest you should do it in a 401K or IRA where the money grows and its your money. You do not have to borrow against it.
You would have to call the insurance company and ask them what cash value is in the policy. They are the only one that knows. Don't be surprised if its not that much less they have had the policy more than 30 years or more. |
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src50
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The terms are included in the policy. |
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Michael M
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It's based on the cash surrender value. Usually up to a certain percentage of it. Doesn't really have anything to do with the face amount. |
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