 Can I cover my fiancee under an employer dental plan? |
| I don't want to ask HR if this is a no-brainer and embarass myself, but I've been living with my gf for 2 years now, and we're engaged (waiting to be in a better financial spot so we ... |
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 What are the best life insurance companies? |
| I live in KC, MO and i'm a stay at home mom of 4 soon to be 5 kids, and i'm looking for a good life insurance for my hubby.... |
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 Can my family still be covered by my health insurance? |
i am in ny and i pay for family coverage for my x-wife and daughter,as long as i pay the premiums is this coverage still good.they are in florida
Additional Details
i have a 1000.00 ... |
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 How can you tell how much your homeowner's ins. will go up if you make a claim? |
| I have a great deal of water damage under my house due to unknown plumbing leak. I am not able to cover the costs myself and was advised to turn it in on my ins. Will the adjuster be able to tell ... |
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 I am pregnant and my insurance got terminated...? |
| I am 40 weeks pregnant and should be having my baby any day now. I am 21 and had insurance under my parents because I was full time college student. I have taken the semester off to prepare and give ... |
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 Can you explain how an insuarance company works? |
I have an interview, it is in the HR department so I am not supposed to know finance but I guess it would be an advantage...
I am not completely stranger to the field,having worked in ... |
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 Health insurance vs life insurance? |
Additional Details
thanks a lot 4 ya responses i m sure this will help me out for sure i m doin a project which is based on health insurance case study icici pru diabetes ... |
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| Can you believe that a combination of LIC policies can yield up to 12% returns p.a.?? |
| Yes. It is possible. A combination of plans named as "J.S.Plus" by me can yield upto 12% p.a. It will provide for a high risk cover. The term can be as flexible as you want. The premium ... |
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 My baby fell at a resturant and they said their insurance didnt cover it...but they had to cover the bill....? |
| due to the fact that they had accident insurrance. So they being the insurrance company said they could only pay half the bill and sent me a check. I think they were giving me the go around because ... |
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 If your daughter gets pregnant, will your insurance cover it? |
| Let's say you have a pregnant 19 year old daughter who has no insurance of her own, but she is still covered on your insurance until she is 23. Will your maternity benefit cover her, or will she ... |
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 I was reading that, unlike in the movies, life insurance agencies do pay out claims in suicide cases. T or F? |
| I want to know if the beneficiaries of a life insurance policy would receive a settlement if the title holder commited suicide.... |
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 Health insurance question? |
| I have no health insurance i am self employed and haven't been able to afford it. I have never really needed it until now. I have a problem that i can not sleep at night. i get up to pee alot of ... |
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 Don't tell anyone? |
| but I've had this idea. I'm bankrupt, so plan on going canoeing at sea, faking my death, growing a big beard and living in the bedsit next door while the missus cashes in on the insurance ... |
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 Why it is cheaper for an 18 year old to buy life insurance than it is for a 40 year old? |
why it is cheaper for 40 year old to buy automobile insurance than it is for an 18 year old?
why some people prefer term insurance even though it does not have any cash in value? why other ... |
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 Can I omit information on a health insurance form? |
| I have been having a hard time getting health insurance in Canada because I have been a carrier of Hep C for 21 years. Even though I have no symptoms and have liver function tests every year that ... |
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 What are the basic things a person must do to retire well? |
What are the things needed to be done by a person who've just started his career, in order to secure a good retirement?
How much to save, what kind of insurance to follow, taxes to ... |
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 I need a health insurance that covers pre-existing conditions? My work doesn't offer insurance.? |
| I'm a healthy person but I need depression and anxiety medication. I need a health insurance that can help me out with the costs of my medication and my office visits. I also have a regular ... |
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cokezero100 | Is it actually a good idea to take out and insurance policy for yourself? |
Just so U can use it as a kind of reverse pension in later years. |
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Bruce Almighty
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To my knowledge, taking out an insurance policy on yourself for the purpose of an investment vehicle in your senior years isn't a good idea. The insurance agency often invests the premiums paid into a very low return investment, such as corporate and government bonds. The money doesn't do much but sit around slowing being eaten away by an increasing CPI (Consumer Price Index). So the inflation will have, by the time you're ready to cash in the policy, effectively eroded any earnings made on the investments.
There are myriad investment agencies that you can consult with about your retirement needs. If it's a guaranteed ROI (return on investment) that you wish, you can probably save some money and have more investment options by purchasing bonds through the investment house.
If you have dependents, you should definitely purchase a term life insurance policy. If you're single, you should purchase health insurance if an employer won't sponsor a policy for you. |
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JB1977
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Technically, you can use life insurance as savings. But, as I say, talk to a licensed agent in your state. You need to speak to an agent so he can help you come up with a plan specific to what you need. Period. Any agent on this site who tries to tell you, "Yeah go ahead," or "no, are you nuts?" does not have your best interests in mind. There are so many options you can choose from, that it would be impossible to make a decision for you based on a two sentence question. Speak to a professional in your area and he can help you. Good Luck. |
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Classy Granny
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Yes. Life insurance builds cash value. |
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mike1942f
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No. There are other ways to invest the money that yield greater return. If you don't need the insurance to cover debts for someone who survives you, don't buy it. |
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filia_san
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Not unless you have others depending on you for support. Insurance was meant to benefit the family. So in my case, no. I have no dependents. |
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mbrcatz
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Nope. An insurance policy instead of a savings plan will cost you 90% of your procedes. That's like me saying, for every $100 you give me, I'll give you $10 back!! Great deal, huh??
If the goal is a pension later in life, the best financial tool is a 401K, IRA, savings account, etc.
Set the goals, then find the cheapest products that meet those needs best.
Insurance doesn't do that. |
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aaron p
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Please search for other answers on this forum. From my view point, there are a limited number of circumstances where it makes more sense to do this than investing outside of a life insurance wrapper. Please note that the insurance contract itself often has volatility that should be accounted for when you are looking at your own risk profile (UL, VUL, EIUL) or any dividend payments hinge on the experience of only one company and may be seen as an undiversified position (Whole Life). In either case, changes in the dividend or changes in the mortality and administration charges are separate from company strength.
If you do this in the most effecient manner, you will be intentionally overpaying into it, so use a small portion of those premiums to talk to a fee-only financial planner to get an opinion from someone who isn't trying to sell you something. |
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Angela W
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yes it is a good idea, i have one with the bank and a private one with some other company.so i no my kids are going to be ok if anything happend to me. |
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generous
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