I have a learning disablity In some things, so my parents don't tell me anything. I'm 21 years old. they think I am stupid and even make fun of me. so the only way I really learn things Is ...
Im wanting to get a job as im 16 and need to get a car but I have some weed in my system..I have a few people that say you cant drug test minors...Can anyone verify?...
Well this is really stressing me out I'm 21 last year I was at the hospital got sick of the apendix, and I had no medical insurance that was around October16,2006 well now I have a huge bill but ...
I live in mass and i can not find health insurance for my needs and have been denied by the state health insurance. Dont know what to do ... anyone can help ?...
My wife rents a retail space and she fell in the parking lot because it was iced over. She wasn't given a key to her back door, even though she asked several times. If she had been able to use ...
die, Is the amount of the insurance taxed before it is paid out? Is it paid out in one lump sum check or in increments? How long does it take before its paid out? I heard it is a slow process....
My insurance started on Jan. 1st 2008 ... I went to the ER on 12 11 2007 for a 7mm kidney stone and they referred me to a urologist who has been really doing nothing but giving me pain pills until ...
My employer recently cancelled our health insurance and I was looking to pick up a plan on my own. Do any of you have any companies that I can look ...
I am going to France through a study abroad program through my college. In order to apply for a visa, I need a letter from my medical insurance company stating that I will be covered in France, but I ...
My son was born on May 21st and we just received a notice from our insurance company saying that we "may owe" around $10,000 for a pregnancy that we thought was covered (we have been paying ...
I am 19 years old and 7 months pregnant.... I live in New Jersey. I have insurance under my mom but it wont cover my baby. I've been to the department of health care services and they said im ...
Do you believe in suing a respectable family md for negligence?
My mother is hospitalized for 7 mo. for sepsis . Her family Md and surgeon were asked several times to be transferred to another ...
Hi all, im currently on maternity leave and i am employed by HBOS as a team manager for their insurance division. Do yo think my job is safe after the recent take over?????? i have no idea if it is ...
My husband and I own and operate an insurance agency. One of my clients is my sister's ex mother-in-law and father-in-law. My sister and her ex-in-laws do not get along at all. I have never had ...
Term life insurance is a no frills life insurance policy. It is a death benefit for a specified period of time. Unlike other types of life insurance, there is no cash value or investment associated with it. You pay $x for x period of time for x amount of insurance. It is the cheapest way to insure someone's life.
MS.B.HAVEN
The way I explain "term life" insurance is it's the difference between buying a house and renting a house. If you are buying a house that means one day you will eventually own it and if you are renting it that means that you are paying for the luxury of having somewhere to stay but you will never own it. So, "term life" would be renting and "whole life" would be buying. Some older people would fare better by getting term instead of whole for the simple fact that most whole policies that are worth buying start at about 20 years or so and go up. Which in turns means that the older person would probably die before the policy is fully paid off or vested. But it is totally up to the individual of what type of insurance you want.
Al
Term life insurance is basically insurance that you rent. You get better rates and a better pay out than the whole life, but you can never pay it off. Many of the personal finance gurus say it is the only type of insurance you should buy. However, you need to figure that out for yourself.
scajacuada
People in the business are too immersed in it to explain it clearly. Term insurance is termed; i.e., it expires. That's the rent analogy. It's also why it's cheaper (lots) than whole life. A term insurer bets that you'll outlive the policy term. That's why they take blood tests, ask if you smoke, and won't issue big policies to skydivers.
z_712001
Term life insurance is just like renting insurance. But sometimes you pay the price for just renting it. Kinda like buying a car... would you rather rent a car and make payments or buy it. Me... personally... I am an insurance agent and I recommend usually whole life. :) If it is even needed at all.
PinkStar
Term life insurance is a policy that expires in a certain amount of years, if the person has not died. Unlike whole life, which matures when you are 100 or pays out the death benefit when the person dies. Term life insurance is much cheaper than whole life.
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