 Nationwide has denied my homeowners insurance claim-what can I do next? |
| After hurricane Ike hit, we came home to a bent ridge beam, walls bowed out, and siding that was pulled away from the house (not to mention alot of little stuff out of whack here and there.) N... |
|
 Has anyone ever heard of buying a Universal Life Insurance policy in order to have retirement money? |
I was recently told of a practice that is supposed to work better than simply saving back money for retirement age.
For example:
You buy a policy for the sole intent of dumping money ... |
|
 Did someone actually get a great quote for car insurance online? where? |
| i saw that insurance companies ask for some personal information when it comes to giving an online quote, so i'm trying not to give it to all of the weird companies that come up in a general ... |
|
 Are proceeds from a lawsuit taxable? Are insurance settlements arising from a lawsuit taxable? |
| I sued my insurance company over failure to pay a Hurricane Katrina claim and we settled before going to trial.... |
|
 Homeowners insurance is high because there is no fire hydrant? |
| The quotes I'm getting for insurance are high b/c I live on a rural property and there is no fire hydrant on the road. The fire dept. told me their trucks carry plenty of water PLUS there's ... |
|
 Being mucked about by elephant insurance company is there a body who can deal with my complaint? |
| i have emailed 4 people now about cancileing my account and no one has emailed me back i am now paying contents cover for a house that i do not live in any more this is rediculus. i only have a ... |
|
 What can an insurance company force you to do legally? |
| We live in southeast Louisiana. After Katrina none of the insurance companies are writing new policies and they're trying very hard to get rid of all the existing policies and effectively make ... |
|
 If I go on unemployment, does my company pay health insurance? |
| My company has laid me off and is going to pay me unemployment. Does my company have to continue my health insurance, or will I be dropped automatically? If so is there anything I can do other than C... |
|
 How can I discover if a person had a life insurance policy with any company in the UK. Likewise a bank account |
Additional Details
Ta for trivial answers, but I have discovered I am executor of this persons will, but all his personal papers have been destroyed. Furthermore I have been informed by ... |
|
 What are some..? |
| ways i can save on insurance? im 16yrs old so i know that alone makes my insurance sky high, but i heard if you have items such as a fire extinguisher in your car, it can save you money on insurance, ... |
|
|  |
giancalamusa | I'm 27 years old and I wanna get life insurance ? Any thoughts on which type i should get . ? |
simplify your answer please . |
 |
 
Chris C
|
It really depends on why you are getting it...
If it's a temporary need that will eventually go away (IE: debts, putting the kids through college, etc), do with Term insurance. It's cheap becuase it's only meant for a specific time period. Term insurance should not be used as a long term solution. If the need is less than 20 years, go with term
If it's a perminent need that will not go away (IE: funeral expenses, final taxes, legal fees, leaving an inheritance for the kids, estate planning, etc that will be there whether you die tomorrow or 100 years from now), go with whole life insurance. It's a little more expensive becuase it's meant to last you for you entire life and never expire. At your age, it might be advantageous to look at what's known as a "limited pay". This type of policy allows you to completely pay for the policy over a specific number of years, rather than paying for your entire life. Think of it like a mortgage on a house, you pay for 20 years, then you keep the house. A limited pay policy works the same.
Depending where you live, a Universal Life policy might work well as a tax shelter (liek in Canada...Revenue Canada even has it written into their Income Tax laws that it's a good way to save taxes!). And you don't lose money on all of them. That's an old wife's tail from people back in the day before they improved the policies and unfortunately, places that make that arguement are uninformed on how products evolve.
At your age, the odds of becoming seriously ill or disabled are far greater than the odds of your dying though. Make sure you have a proper disability, critical illness and long term care insurances in place as well. It will be fairly cheap for you now as compared to 15 years from now when you are at the greatest risks.
Your best bet is to contact an insuance broker in your area that has access to all the types listed above and they will be able to create a proper plan for you within your budget and shop around the market to find plans that suit your specific needs. |
|
Peggy I
 |
It depends what you want it for. Temporary insurance to cover things like mortgages, or pay living expenses for dependent children until age 18 should be Term insurance, either 10 year or 20 year, take your pick. Term is pretty cheap if you are young and healthy.
For permanent insurance to pay things like end of life expenses such as funeral expenses and tax liabilites, or provide for handicapped dependents, you would want Whole Life or Universal Life, these are much more expensive than Term insurance, but offer some extra side benefits.
More important is why you need it. Do you really? If you have no dependents, and your estate is sufficient to cover your end of life expenses, perhaps you don't need life insurance at this point in your life.
If you are single and self supporting, it may be more important to get disability insurance, and critical illness insurance to take care of you if you get hurt or sick, and have no one to look after you. People over 40 who are single, with no kids should also look at long term care insurance that will pay for them when they need to go in a nursing home. |
|
Insurance Pickle.com
 |
Check out the tool on my web site as it'll quote ~150 different companies for you so you can shop on your own. It requires no personal information to use.
AND, State Farm is great for car insurance....not life insurance. |
|
Dan B
|
Life insurance is a gamble. You are betting the insurance company you're going to collect, they are betting you're not. Either way, you lose.
The type you need has to be determined by you. Your health, do you have a wife and/or kids?, family health history, genetics, life risk factors (smoking, alcohol use, etc), job related risks, hobbies (pilot, skydiver, scuba diver, etc), and a host of other factors.
Buying insurance while you are young is cheaper than when you are older. Depending upon your situation in later years, you may not be insurable.
Do you think you'll die in 20 years or less? Term insurance. Most people make it to 47 years of age. But at the end of the term you have no insurance and you'll be older. Renewing the policy at 47 years old may be cost prohibitive depending upon what has happened over the previous 20 years.
Whole life & variants: You pay forever, premiums are a little higher but they don't increase, it builds cash value that you can borrow against. That will reduce payout if the loan is not repaid.
There are many types of policies that you'll have to review for the one that fits you best. |
|
tahitipooh
 |
it really depends on what your purpose of getting this insurance and some other important events in your life.
First of all, I strongly advice against 1: getting life insurance as a method of savings, because it simply is NOT WORTH IT. you end up losing money.
Get life insurance only to make sure that there's money to take care of whoever that you left behind that would need the money to survive.
Also, your decision would also depend on whether you will have a family of your own or not. It would be quite easy and straightforward if you remain single and have not much personal obligations, but if you plan on having your own family, then you have to consider a lot more things to determine the amount of insurance you need.
One more thing, insurance companies would want to see (any good company, anyways) your health history, family health history to determine how much they are willing to let you insure yourself. Most legitimate companies would require a basic physical, if they don't, I would sign up with them |
|
bucmasta18
|
Why would you want to get life insurance when you can just watch the Panda Cam?
http://www.zooatlanta.org/animals_panda_cam.php4 |
|
FEAR LUCK
|
if you can afford it whole life insurance
if you simply want to make sure all your bills are paid off when you die a term policy of either 20 or 30 years.
also i like state farm life insurance |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 9 minutes(s) ago
| | | |
8 | 31 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
8 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
