 When insurance companies take blood and urine before ok-ing a life insurance policy what are they looking for? |
| I am taking out a $450,000 life insurance policy and wanted to know why the tests were so intrusive? I don't smoke or do drugs and I am both HIV and Hepatitis negative. Are they looking for STD&#... |
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 Does it irritate you being called Sir or Madam by a call centre when they know your name? |
Also what else irritates you about call centres/Insurance companies in the service they provide?
Additional Details
I mean when you call them?... |
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 How would I find out if my parents had a life insurance policy? |
| how would I find out if my parents had a life insurance policy because my parents died while i was in iraq and lost contact for a few years and now I am back and found out they had died and no one ... |
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 How would i find out what age my parents insurance runs out for me? i have personal choice blue shield? |
this is very important because im 17 about to be 18 in two weeks and i dont have cotact with my parents and the insurance is very important to me thankyou
Additional Details
also iam ... |
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 Homeownes insurance, does agent owe me anything? |
| My ins. policy lapsed in may (2006), I called the agent to quote me a new policy. He called me back, quoted me approx 250 per year for a landlord policy. He said my downpayment on the policy was ... |
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 Employer is changing our medical insurance, need help!? |
| My husband works for Hess (delivering gas) and right now we pay $75 a week for our benefits and when we go to the doctor we pay a $20 co-pay and our medical coverage takes care of everything else. B... |
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 How do they determine what amount to pay? |
| I have supplemental insurance for heart attack and stroke. I recently had a heart attack and was wondering how they determine how much supplemental insurance pays. I am a state employee of North C... |
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 Wondering about the Gerber life program.? |
| I'm looking for a good life insurance policy for my 7 month old daughter. I want something that she can eventually take over and will be a decent size for her. I also would like the premiums ... |
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 Never ask your Insurance Company if you are covered for a specific item.? |
According to my Insurance Company (The Post Office) this is regarded as a claim and will be on your policy for five years!
Has anyone else had this experience?... |
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 Choosing between Nationwide Life Insurance or MetLife Insurance. I am not sure how to choose the right compan |
| Choosing between Nationwide Life Insurance or MetLife Insurance. I am not sure how to choose the right company. I'm planning to buy both life insurance for myself & husband but I want to ... |
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 What happens to a mattress when it is dried out after being soaked completely through? |
| Due to a major water leak from the apartment above my apatment was flooded with at least 1 " of standing water. My bed was soaked through to the box spring beneath it. What is the hazzard of ... |
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 Insurance policies typically define words used in the policy to:? |
Choose:
eliminate coverage for certain losses
exclude any other meaning of the word
limit the insurance company's liability
clarify what the insurer intends to ... |
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 Can specialists help my family choose our health plan between our two employers? |
| Open enrollment for both our employers (in California) is early Nov. It's very exhausting to analyze all the health plans. What kind of assistance is available? Are there "health plan ... |
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 Benefiaciary question? |
| If the primary benefiaciary of an insured policy diesprior to the death of the insured and no contigent beneficiary has been named,should the insurer be allowed to keep the death benefits? If ... |
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 I need to purchase private insurance, but do not want to pay a HUGE premium does anyone know of a company? |
| It would be for me and my five year old soon. I would probably like my deductible to range from $500-$1000. If you have any info please give me contact information for the company. Thanks!!!... |
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lemons | Is Gerber Whole Life Insurance A Worthwhile Investment? |
My son is 6 months old, and since he's been born, we keep getting sales materials from Gerber regarding their Whole Life insurance plan. It sounds great, but I am clueless about this kind of stuff and don't know if it is truly a good and worthwhile option for our son. My husband and I would like to do something for his future, but we don't have a lot of money. Is the Gerber WHole Life Insurance a good plan, or is there anything else that is better and affordable for us? |
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natethenorsk
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Congrats on your new baby. It's great that you are thinking about doing something financially for his future. Buying Gerber's whole life plan on him would not be a bad thing, but there are far better things you could do. As far as it being an investment, it will never perform well, compared to your other options. A 529 plan for college savings is not a bad thing, but what if he doesn't want to go to college? I would recommend starting an automatic investment plan in his name, that way, when he reaches the legal age of majority, he can decide whether he wants to use the funds to go to school, start a business, parlay it for retirement, etc. Any registered investment advisor can help you, or open a sharebuilder.com account. You can fund it with as little as $50 a month on an automatic basis, or you can put in small or large lump sums in at any time and forego the automatic investing. |
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Zarnev
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First off, never think of life insurance as an investment; any life insurance is the worst investment around no matter what they say. Get the policy for the policy itself.
Many people don't consider any child needs life insurance. However, it's good to have a policy in case he becomes uninsurable in the future.
Gerber is actually expensive for what you get. You can possibly get a child rider on your life insurance for a much cheaper rate. Also, check with the guy that does your auto insurance. Many auto insurance companies also offer life. You'll find you'll get a better "bang for the buck".
If you really want to do something for his future a 529 college plan is a much better investment. |
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fth106
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Gerber is overpriced. Check with your local insurance agents. They have "juvenile" policies for much less that will perform better. I do think every parent should have insurance on their children, even if it is just a child rider on their own policy. Individual policies on children will guarantee that, no matter what may happen to them, they will be able to have some life insurance throughout their entire life. I've had a policy on my son since he was very young. He is now 24 and uninsurable due to health conditions. I'm very glad I took out the juvenile policy on him before his health began to deteriorate. |
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insuranceguytx
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As far as child's life insurance policies, other companies have better policies.
BEFORE you buy life insurance on your child, make sure you have enough and the right kind of insurance on yourself and your husband. Go talk with an agent or a financial planner. |
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MrsSilentWarrior
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We don't have Gerber, but we do have Globe for all 3 of our kids.(It's less than $50/yr per child for $10,000 coverage) So far, we've not had any trouble. Thankfully, we've not had to use any of them, but it's not as if we have a salesman showing up at our door every six months or so trying to sell us an upgrade and such. Also, we've never gotten a nasty surprise where we start out paying a "promo" price for six months and then WHAM!! Our premium payments suddenly double. We've had two of our policies for at least ten years and the premium amount has NEVER increased. My opinion on this; it's a good idea. If you can't afford to have a bigger plan right now, even just a little is better than nothing. Should anything happen to your child, at least the funeral costs should be mostly covered, if not all of them. You prob wouldn't have anything left, but you wouldn't have the whole burden of the funeral costs to deal with on top of your loss. We have a plan for us and our three children with Country Companies as well as through Globe. We consider Globe as the policy that will pay for the funeral and our larger plan will be in-pocket. You might want to look into companies that offer plans with larger payouts. Our Country Companies(Country Mutual Life) has my husband and I and three children and it's less than $80/mo. Whole life is a good idea as it does pay cash dividends and increases the cash value of your policy. Also, should you ever get into a financial crunch, many insurance companies will let you borrow however much you have increased in dividends. For example, if you had a $25k policy and it's increased to $27k over the last couple of years, you can borrow the $2k that it's increased. |
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huskerred
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do not buy it ....whole life sucks....a terrible way to spend money. they steal your time use of money . find a higher rate of return for your money,I put $500.00 in my 8 yr old's mutual fund and in 50 yrs it will grow to about $100000 give or take, and that is with a 500 investment. just get a child rider on your (hopefully) term policy but do not purchase any cash value crap crap crap congrats on the new addition...they grow up very fast. |
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