The lower limit for insurance is £15k. My stuff is worth far less than that, but would still be very expensive to replace. How and who with should I insure my personal ...
My financial advisor advised me to sign up for a $400+/yr term plan (20 yrs I believe) and a $1100+/yr perm (whole life) policy for $300,000. (I don't recall which one this figure is for). I ...
If not then do you think i'll qualify?
21 years old
last month got paid $1050 but the month before $55
no kids
live with a roomate Additional Details the form is ...
My boyfriend was in a car accident that was not his fault and was injured to the point where he cannot work. What steps do we take now in order to recieve compensation for his loss of wages? We are ...
Obviously it would be very difficult to get the public to accept health insurance premiums using age or gender as a rating variable, but why not lifestyle choices such as smoking or obesity? It'...
I went to the dentist because I dislocated my jaw. The dentist had to fit me for a splint to set it but only after the office's billing person came in and explained that she had spoken with my ...
I have no Insurance, but recently I was in the hospital for something I got better, but i just received a bill coming from Blue Shield of CA. asking for me to pay? What should I do? Can I tell the C...
I was in an accident 6 months ago (not my fault) the other driver had no insurance. Now, my lawyer says that he can only get me $15,000 in accordance with my policy. However, medical and other bills ...
should I get and which companies should I look into? I am looking for something fairly reasonable but with good coverage. Any other advice/help would be appreciated as I know nothing about this!...
Can anyone tell me WHY Primerica's Level Term insurance is bad? What is wrong with it? Additional Details Richard, I was looking at another answer and saw a person say we should ...
I have also been prescribed both Wellbutrin and Zoloft for the past several years...Does that mean that "I've been diagnosed with a 'Mental Illness' as so stated on many Term I...
At a car dealership, if you have an accident in one of the company's cars, new or used, can they make the employee pay for the damages? Isnt that what insurance is for?...
cashan72
If you needed life insurance would you "rent" it or buy it?
Term insurance vs permanent insurance, one is cheap but is pure insurance, you do not build cash value, the other is more expensive and builds cash value over time. One is betting you will die, the other is betting you will live.
There is no one answer for this question. It all depends on the individuals needs. Most people will have a combination of both permanent insurance and term insurance. The best thing a person can do is consult an insurance professional.
529s.com
Best bet is to meet with a professional financial representative. Avoid anyone that tells you upfront that one way is better than another. Your financial situation will determine that. Read more in the insurance library: http://www.findlocalinsurance.com/library.html
Financial Answer Guy
For most people who need coverage, a combination of both makes the most sense. A component of one's overall need will generally be temporary in nature, such as the increased liabilities of a mortgage or the birth of a child. This component is dealth with well, and cheaply, with term insurance.
However, it is a rare instance where one has no need for coverage later in life. The perfect scenario is that we all accumulate precisely enough other assets to fully offset one's need for coverage, while not accumulating too much and falling prey to estate taxes. (Don't kid yourself, estate taxes will NOT be repealed.)
HeartlessClown
term all the way.
LifeInsuranceAgent
Buy term and invest the difference. When you buy term, get a policy with a good conversion privilege.
This will allow you to convert to a permanent insurance policy at a later date if your need for insurance still exists.
xpo158
Ideally it would be best to buy whole life.... however this is not always the case as it depends on personal situations.
Enna
buy
Jeffree
The answer is two fold. First you must determine whether you are a saver or a spender? If you are a saver then term is better because you probable can do more with your money. If you can't save money then perm ant is the one for you because it probable will be the only money you ever save.
There is one thing that could change both of these answers and that is if you have an thing that has to be protect quickly>
Jeff
dsinngerdj
i am a licenced life agent...and what i educate families is the "theory of decreasing resposibility"
life insurance is temporary
you need a large coverage (term)
1.high debt
2.children are young
3. mortgage
4.open a separate investment
financial devistation if breadwinner dies prematurely
later years...
life ins. not needed why?
1. no more debt
2. children are grown
3.mortgage is paid
4.investment matured
the company i am part of helps families get out of debt and become financially independent.....
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