Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Insurance
Finance Discussion Forum

 How can I find out if someone is a qualified life insurance salesperson?
...


 Anyone who has any idea about insurance plz help!?
My dad was driving D.U.I and he hit another parked car the car was not insured on him but on my mother who divorced him,he was not signed in on the insurance policy. The car was wrecked will the ...


 What do Bed and Breakfast owners do about health insurance for themselves and family?
Does anyone know what the owner of a Bed and Breakfast does for personal health insurance?...


 Can i get put on my fiances Health Insurance even thought we're not married?
...


 If somebody dies within 1 month of his insurance, whether Insurance company give insurance money?
to someone that is authorise to receive ...


 Can someone take out a life insurance policy on me without my knowledge?
...


 Should I accept an offer of a direct cash payment for an auto accident, or should I insist on filing a claim?
I was involved in an auto accident recently with the 16 yr. old daughter of a reasonably wealthy man. He approached me at the scene of the accident and told me he doesn't want his insurance ...


 What kind of health insurance does a business provide to its employees?
Describe the measures they take in hopes to contain the cost of health insurance....


 What does Claims Adjuster do?
I got a job offer with an insurance company. This is my first job offer, so I am not sure if I should accept it. Is this job well-paid or not? I kinda have an idea what I should do, but is it worth ...


 Life insurance beneficiaries?
I am an only child, and my granfather named my mom as benificiary, but she has passed, who does the money go to now? How can I find out?...


 What company offers good life insurance?
What kind of questions do i need to ask them, what to look for, etc. I'm looking to purchase 500k (ea.) for me and my wife....


 Pregnant-Can I get health insurance???
Right now I have a new job and won't qualify for benefits for a few months. I am under my husband's policy right now and I am 8 weeks pregnant. My husband is considering quitting his job ...


 Is it required by law to have insurance when starting a business?
...


 Will insurance pay in this case?
My mother-in-law passed away. I know she had an insurance policy for my husband in case she dies. The problem is the medical examiner's office said it is a suspected drug overdose. I"m ...


 Insurance question?
I have an a 11 unit apartment complex. My premium went up $285.93 in one year, I asked my agent to show me a formula on how Famers came up with this, he said he does not have this information. Don�...


 Getting insurance for ipod?
I know the Ipod is covered under renter's and home owner's insurance, but is it possible to just get regular insurance on it like a car? I have insurance on my laptop, so if anyone were to ...


 If an insurance company lets you down......?
If you had a good policy on your home (buildings and contents) and you suffered a serious flood and your insurance company totally let you down, what sort of compensation would be due?

My ...


 Are HOME insurance premiums higher if you live near a small airport?
We are considering having a house built in a neighborhood that is near a small airport. There are only single engine planes and helicopters flying in and out of this airport and noise isn't ...


 What is the biggest Insurance Company in the world?

Additional Details
ACCORDING TO ASSETS...


 Taxing car?
i bort new car yest and insured it tues (today thurs). i haven receivedmy documents from the insurance so does that mean i cant tax the car ...



Jessica
Is it legal to have more than one life insurance policy?
                     
 




Doing the Right Thing
Yes but why would you have more than one policy on yourself? Why don't you just increase the coverage in your policy? Did you know there is a policy fee of around $100? Imagine that you had 5 policies on yourself. You would be paying $500/year on policy fees.

To me, this is another way life insurance agents are not doing the right thing for the client. They keep selling new policies on the same client to earn more commissions. I think it should be illegal for agents selling multiple policies on a single client.

I had a client who had 10 policies on himself with a total coverage of around $700,000. Total premiums he was paying for all them: $8200/year. They were not all from the same company. He had policies from all kinds of life insurance companies. What I did is replace all those policies with one life insurance policy with a total coverage of $1 million and it only cost him $2000/year. Then I move the cash value from his policies into a variable annuity using a 1035 exchange. I didn't move them all into a variable annuity. For couple of policies, I had him surrender them and move the cash value into a Traditional IRA (his income was too high, so he didn't qualify for a Roth IRA). And the rest of the cash value, I left it up to him. He can put it into a variable annuity or spend it or save it somewhere for later use.


ewwwofficialsexnewscom
Rating
yes no problem


Jen
yes you can have more the one. many people have life insurance from work, and a individual policy of there own.


w2kaad
Yes you can have as many as you want as long as you pay. I have two one term and one universal. Shop around and figure out what you need and what would be the best for you.


blb
Rating
Yes, you can have as many as you want.

It is cheaper to have one but you have more than one.


nj2pa2nc
yes you can. I do but I have different beneficiaries on each policy


trippmaster
yes it is.. but you have to make aware other companies of ur life insurane. best thing to do is get a varity of insurances. life health sickness or wat most ppl forget is unemployment insurance.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Sunday, May 27, 2012 - Terms of use - Privacy Policy