 Life Insurance Policies? |
My partner and I need to re-look at our life policies and have a will drawn up (we are not married).
We have a house together with a joint mortgage and we each have two children from our ... |
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 I will die. I know this. Does life insurance change that fact? |
I pay less than $100 a month for life insurance.
When I die, my beneficiary receives $100,000.
So if I live for 1000 months, its a break even deal.
And 1000 months is about 83 ... |
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 I had a flood and it was my fault because of my dog. What am I responsible for? |
| My apartment was flooded by my dog chewing on a water pipe in the bathroom when i was at work. I came home and my apartment had been flooded as well as the one beneath me. The neighbor below me lost ... |
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 One child policy? |
| do you ahve any other suggestions as to how the human population could be controlled??? BEST ANSWER WILL BE REWARDED GENEROUSLY.... |
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 In general, how much does car insurance go up if you add a 17 year old male to your policy? |
| I'm 17, I Just got my lisence. I'll be driving a 1994 nissan pathfinder, roughly, how much should the car insurance go up for my dad to get full coverage on the ... |
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 Can you get life insurance if your already sick? |
I have life insurance, and my children have the gerber grow up plan, but my husband doesn't have any and now he's sick.
He's 21 - in case his age matters - he was tested ... |
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 Are life insurance monies considered part of the "estate" of the decedent? |
| If my mom has thousands in debt when she dies with no other estate to cover it, will her creditors be after me to pay her debts if they know she has a large life insurance policy and I'm the ... |
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 I'm being sued from a Car Accident...? |
| About a month ago, I rear-ended someone doing about 15mph while slowing to a stop. The lady that I hit had OnStar and she requested that EMS come and take a look at her. They apparently reported that ... |
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 How can I arrange for my life insurance to be automaticaly put in a trust for my kids? |
| I was wondering how one would go about having the benifits from a life insurance policy put into a trust fund for her children. Say I wanted to leave each of my children with $150K in a trust fund ... |
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 Could someone take out a life insurance policy on me without my knowledge? |
Could a husband take out a policy on a wife w/o her knowledge? And is there any way you can find out if a policy has been taken out?
Additional Details
Dont ya think a husband would have ... |
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 Would you settle? |
| If you were rear ended on a friday afternoon, had minor injuries to your back and neck, but are ok right now for 500 dollars? I went to the doctor, and he said nothing was wrong, and prescribed ... |
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 Can you get a refund of car insurance paid if you get a driving ban? |
| I have 8 months to go on my car insurance and am looking at a ban of 12 months shortly for bring over the limit.... |
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JJ | I have an 88 year old female client with $100,000, is there any type of life insurance to put her into.? |
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Sharon B
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the life insurance thing must be your idea not hers. so what is your motive? people at the age of 88 don't much worry about insurance, especially if they are sitting on $100,000. |
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Margarita D
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My advice is that you refer your client to a Certified Financial Planner. Please do not just try to "sell" her something. She needs someone to individually sit down with her, go over her goals, her assets, her tax situation, etc. and then come up with a plan that will be in her best interests and in my opinion will probably not involve a life insurance policy.
It is admirable that you are trying to help your client and that you know to ask others for input but she really needs someone with the expertise of a Certified Financial Planner.
Good Luck |
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jglick1999
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The purpose of Life Insurance is so that surviving family members have the $$ to cover the loss of a breadwinner. This way they can still make the mortgage, etc. If this woman has no one financially dependent on her, or for whom the $100K inheritance wouldn't be enough; then she doesn't need life insurance. |
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mzbehavin239
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shouldn't you know that? |
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LifeInsuranceAgent
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Yes, coverage is available up until age 90.
If you are looking to get the $100,000 out of her estate, or looking to increase the size of her estate, you can look for a single premium life policy, dump the $100k in it, and upon death her beneficiaries receive the death benefit tax free which would be greater than the $100k put into it. Check with your tax advisor for your specific circumstances. |
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Dr. Deth
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why does she need life insur at her age? - she can't possibly have any minor children |
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Barry auh2o
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Consideriing her assets and age , I don't believe it would be worth it.
I would suggest the client pre pan and pore pay her funeral.
That way she gets precisely what she wants, and what she pays for the funeral would diminish the value of the estate,......... and also estate taxes. |
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mbrcatz
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What's the POINT of the life insurance? You want to transfer the $100,000 to someone else, tax free? Actually, if that's ALL her assets, it would be tax free anyway.
At 88, you're not going to get odds on her. So whatever the goal is, it's probable going to be cheaper to do it without insurance. |
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lidlwig
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it would have to be a single premium policy would be your best bet.....problem is most insurance companies, at least the ones i deal with have maximum issuance ages at 85 |
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aaron p
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As LifeInsurance Ag said, she may be able to qualify for life insurance up to age 90, but I don't think "put her into" is the right turn of phrase.
You might be acting more prudently by sending her to a fee-only financial planner instead trying to find a sale. If the financial planner sees a need for life insurance, they should reciprocate (being fee-only, they cannot sell commission products) and refer her back to you to execute the plan. |
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Ham8888888888
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Term life? |
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nevit
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Sure...the problem is the premium is about $100,000 per year. |
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