 Does Whole Life Insurance Make Sense for me.? |
| I'm 42 married with 2 kids. I have $1.5M term life purchased through an irrevocable trust and my wife has $500,000 of term. We have no mortage, car payments and college savings are basically ... |
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 Does anyone work for Blue Cross Blue Shield? Explanation of Benefits Q....? |
Plan my wife and I are on: Blue Choise POS 10
My wife is 27 weeks pregnant. She has to go to Labor and Delivery because she had stomach problems, abdomenal cramping, and back pain.
<... |
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 Renters Insurance / Personal Property? |
| I am a college student and spend 9 months out of the year in an off campus apartment. I was wondering if anyone knows of cheap personal property insurance that would be good to look into to cover my ... |
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 If I was hit on someone property can I sue her condo's insurance company? |
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 Is this insuarance fraud? |
| A friend of mine cashed a check from his insurance company that was supposed to be used to pay the anesthesiology bill for surgery. The check was made out to him and him alone. His disability ... |
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 Does becoming pregnant qualify as a life changing event for most insurance companies/employers? |
| Commonly, life changing events are listed as marriage, divorce, and birth of a child, ect. If a person doesn't have insurance and learns that they are pregnant, will most companies allow ... |
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 What kind of Life Insurance is there, where the payout is at least $1 million? |
Additional Details
can you please give me the names of the insurance companies - thank ... |
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 Can someone explain term and whole life insurance.? |
| I have been searching for life insurance I am in my 30's already and have children. I am so confused about term and whole what is the difference and what is the best to purchase given my age.... |
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 My dog bit a family member and she has decided to sue our insurance company. what is the approximate amount? |
of money she can collect and can she sue me personally in addition to suing the insurance? Any info would be of grea help. Thank you
Additional Details
The reason for my question is ... |
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 Can they really keep my deposit??? |
| I was signed up to go on a long range fishing trip with a company that runs these trips all the time. Unfortunately, I had to cancel the trip, after making a $900 deposit. When I called to cancel, ... |
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 Can my employer legally refuse my spouse health insurance if he has coverage available if mine is better? |
| They will cover my husband for the 90 days until he is eligible for coverage through his new employer. His plan is from out of state and does not have many doctors and dentists in network as my plan. ... |
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| Is it legit to have two health insurances? |
| Hi, I recently got married and added my husband to my health insurance through my employer, he decides he wants to stick with his employer health insurance and doesn't want mine. So I'm ... |
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 I need to health insurance but i got laid off work...? |
| I understand that i need health insurance. Cuz face it, you never know when it's necessary. I've been looking for a job since I got laid off in March. Cobra turned out to be too ... |
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Teresa E | I need to know what an account that minor children's money is put into. Anyone? |
I would like for my life insurance money, if something was to happen to me, to be put inot an account that my children can not get until they are 21 years old. I wouls also like it to be protected from there gaurdians. I do not want anyone, to touch it except them when they turn 21. Does anyone know what this account is called? How do I make sure my life insurance company knows my wishes? Are they required to make sure the money is put in the right place, or just required to make sure the many is given to the right people?
I just want to make sure the money goes to my children when they are capable of making good financial dissisions. I hope to live a very long life, but things have been known to happen. No one know when it will be their time. I have recently had to watch family member fight over money and the wrong person blow lots of money that I beleive wasn't intended for him. Help! |
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ed
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Seek an attorney and make your will, that their inheritance is to be placed into a "Trust Fund" accessible at 21.
The attorney will guide you.
Thhis may cost $300-350.00 |
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Steve
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I would set up a trust for your child and make the trust the beneficiary of the life insurance policy. |
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Mark S
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Set up an UGMA or UTMA- Uniform Gift to Minor Act or Uniform Trust for Minor Act. Either one of these will be sufficient for your intentions. If neither one is set up, then your kids can get the money when they turn 18. I hope you have a will, this will make sure that the insurance money goes into either one of these accounts and it will set up a guardian in charge of these accounts- must have one.
When you have sey up either of these accounts, contact your insurance company and change the beneficiary over to the UGMA/UTMA account. This takes care of what you need to do. Call your rep who set you up with your policy and they should be able to help you further. Hope you find this helpful. |
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Laura C
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Its called a trust, and the best way to go about having one is to have a will put together by a lawyer.
We had to make one so that my husband's ex-wife wouldn't get a dime (because she already cost him over half a million dollars out of pure spite). We were able to make it that after we die, my stepson would not recieve any of his inheritance unti after his mother was dead too.
I know thats not what you want to do, but you can make whatever stipulations you want to in the will to make sure that the money goes to who you want it to go to. |
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mbrcatz
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You want to set up a trust.
You name trustees that are NOT guardians. That's what we've done. That way, one person gets the kids, the other pays the bills. No conflicts there. Actually, we have TWO trustees, so BOTH have to sign off on the bills.
Talk to your agent, to make sure it's set up that way. They will pay EXACTLY how your beneficiary clause is stated. So, if you have the beneficiary "Smith Kids Trust, Joe JOnes trustee", that's who it goes to. You can ALSO set up a bank or law firm as trustee. |
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Chelsea
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trust fund... talk to your insurance company and the bank to set it up |
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twosey ♥
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maybe you should contact a lawyer. this sounds like something a lawyer can help you with. usually life insurance is used to pay outstanding debts, funeral costs, medical bills, and whatever is left goes to a beneficiary. |
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Andrea B
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You should check with your insurance company to see if they can withhold giving out life insurance proceeds until age 21. When my mother died, I didn't get anything until I was 18 even though she died when I was 17. They usually don't give out money to minors. |
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aaron p
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You need to create a trust that could only be used for your children's health and welfare while they are younger than 21, and then at 21 they can access it. Most attorneys should be able to help you set this up. After the trust is created, contact your agent to change the beneficiary to the trust.
Without this trust, whoever has guardianship of your children has complete control of the money for any purpose. |
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jchan1234
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well you could just put it into a savings acount or invest in savings bonds if the kids are young |
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