 Mortgage Payment Protection...is it worth it? |
| We currently have mortgage payment protection & are going to try & find a cheaper policy for it as our one seems quite expensive. But is mortgage payment protection worth it? I've read ... |
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 Fiance's mom pushing life insurance? |
My fiance was recently diagnosed with Hyperemeis ( http://hyperemesis.org ), a disease which affects 1% of pregnant women. Due to this she's been in the hospital 3 times in the last month.
<... |
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 Ok big decision here so I need some expert advice. Question about Life Insurance? |
| I'm buying Life Insurance. I have a 8 month old and I'm 28, non smoker and in perfect health. I got a quote that is for 30 years and for a 1,000,000 premium I would pay 70.84 a month. T... |
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 Car insurance WITHOUT a bank account? |
does anyone know where/what car insurance i can get as i can not have a bank acount or debit/credit card.
can only pay with cash by monthly ... |
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 I own a office condo , i was told that i didnt need property insurance,? |
| because the condominium association does that since condo owners only own whats inside not the structure itself, but i have the bank calling me about property insurance., What kind of insurance ... |
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 Where is a safe place to keep important papers like life insurance policies, your will etc.? |
| I read that you shouldn't keep these in a safe deposit box but the article didn't say why.... |
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 Does term life insurance take into account the combined income of a married couple? |
| I have seen around the internet that the maximum term life insurance policy allowed for a person in their 20s is usually 20 times their income. However, I was wondering if there are any policies that ... |
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 Ive had auto insurance in my own name for 2 years and ive payed it every month in full and on time? |
| now if i were to try and get a loan for a new car would that help as far as credit or anything? like if they ran my social securiy number and name would they see that i have good bill payment history?... |
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 Is and insurance companey responsible for providing a rental while repairs are being made? |
| i had a furniture truck back into my car and need to bring it to be fixed , yet the insurance companey of the people who backed into me will not pay for a ... |
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 Is a persons spouse entitled to a life insurance policy no matter who is named as the beneficiary? |
| my husband has a life insurance policy but his mother is the beneficiary.........am i entitled to any of that?... |
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 Am I still covered by my employer? |
| I recently left my job and I was wondering if the insurance company has to contact me to inform me that my coverage is no longer valid or should I assume that it no longer exists. I can still sign ... |
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 How can i sue my auto insurance co. for paying out a fraudulent claim? |
| they paid $75000 on a claim that they did not find anything wrong .I did not get a ticket for the accident and the person was not touched or hit or anything at all happend to him . Only thing that ... |
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 Do most standard home owners insurances cover sewer line breaks (not sewage backups)? |
| I see a plethora of information out there, even in my own policy, that makes it clear that sewage backups are usually not covered. However, I do not have a backup. I have a sewer line under my ... |
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 Has anyone had a problem with State Farm Homeowner's insurance? |
| Everyone in our neighborhood got a new roof after the last hailstorm, but we didn't. There was a special on our news about State Farm denying most of their customers new roofs. Anyone else have ... |
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 Am I being charged too much for insurance? |
| For my car insurance I am being charged about $260 a month. I have full coverage with a $500 deductible on an 06 Honda S2000, I have no tickets or accidents on my records, and I am a 20 year old male.... |
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tanorak2 | How long should I get a term life insurance policy for? |
I'm researching term policies to cover the shortfall for life insurance from my work. How long is reasonable to get a term policy for? Term to 60, 75 or 100 years? |
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rahnside
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a few questions for you one do you pay for your policy at work if you do then stop you do not want to pay for something now and then if you leave before you retire you are out of luck usually where that coverage would drop off so I would recommend instead just getting a term policy and using some of that money that you would have used for the premium at work and a little extra that you would already be paying
2 how old are you I would get as long as a term that you can afford because the fact that you cannot guarantee how healthy you are going to be in 5 year let alone 30 years
3rd I would tell you what I would do if I where you I would get a $100,000.00 UL policy plain and simple that rate would stay the same for the rest of your life, and then if I needed more then the $100,000.00 I would then get a term policy for the remainder in a term policy for the maximum amount of time that one the insurance company offers you and secondly that you can afford if you have questions and want to hear some rates IM me at rahnside and I can pull them up for you I or another Life Agent is Licensed in every state of the US and have over 20 AM Best A- or better companies
A Life Specialist
Rahn A. Sidebotham II |
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parsonsel
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Get it for how long you need it.
If it's for mortgage payoff, get it for the length left on your mortgage.
If it's for taking care of kids, get it for the length of the youngest to turn 18. They can get jobs/grants to pay for college.
If it's to take care of a non-working spouce, get it for as long as you expect her/him to live.
If you're single, don't bother as you have no one to take care of and the house will be paid for out of your estate.
But this is just my opinion. |
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MostChoice.com
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I’m not sure you can get term life for quite that long; even if you could, whole life would probably be a better option because it’s worth more the longer you keep it – unlike term life insurance. Remember that you can get renewable term life as well if you would like to continue coverage after your term ends.
I’ve linked to two articles describing how you calculate how much life insurance you need and two links to online calculators to help you figure it out. The first article includes some online calculators and tables as well. Deciding how much life insurance is enough is a very personal decision – what’s right for you might not be right for someone else. I’ve also linked to an article about what to look for in renewable term life insurance.
Once you’ve figured out how much life insurance you would like to purchase, try shopping around for the perfect policy at MostChoice.com. Like a lot of sites, you can find free online quotes and policy information, but you can also get in touch with locally licensed life insurance agents. Talking with more than one agent will help you better understand what’s available near you and putting more than one agent to work for you will increase the chance that you will quickly find the right coverage at the right price.
You can find MostChoice here:
http://www.mostchoice.com/life-insurance.cfm
Hope this helps,
Barnes@MostChoice |
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bettyswestbrook
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That depends on many factors. (1) Do you have minor children (2) do you have someone who is disabled and depends on you for support (3) What is your estimate on Social Security and is there a pension or 401 where you work. (4) how old are you. Add up all that you have and make an estimate of how much you think your survivors will need until at least your children are out of school. That will tell you the amount you need. Then ask yourself how many years before your minor children are adults and will be able to support themselves, this is how long you will want term life insurance. |
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Papa John
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depends on how long you need the coverage to offset your earning loss. And , the top good investment advisors now tell you to get whole life or universal life, not term. You pay more, but you actually have some cash to show for your efforts. |
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insuranceguytx
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The longest term for term policies is 30 years.
You should meet with a financial planner. Insurance is just one aspect of your financial life and it meshes with all the other areas.
No one on a message board can tell you what amount or what type of insurance to purchase unless you want to post all of your other financial information - age, health, income, assets, debts etc.
Good Luck |
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emariagethai
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30 years |
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gs400cww
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Depends on your age....if your in your 20's & 30's then a 30 year term will be all that you need because you'll find that as you get older than your coverage will change to meet your life expectancy. Getting coverage that is more than 8 times your annual income is overkill. Life insurance is designed to protect your family from the loss of income when you pass away. If you think it is more likely that you will be disabled instead of deceased than I'd get disability insurance. |
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mbrcatz
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The longest term you can get - however, I've never seen a term policy for longer than 30 years, and it's been quite a while since I've seen a term policy THAT long. |
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Momma Jo
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It depends on your age and responsibilities. If you are young, and raising a family, then they need to be protected through college. If you are older, have your children raised, you may just need it through your working years while you still have an income that is depended on and/or a mortgage.
Term is definitely the best route to take. Do not purchase a Whole Life Policy thinking at some time in the future you will have a great cash stash. They don't work like that, and don't be fooled by some slick agent who tells you that it is the deal of the century. |
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