 Do you know any UK life insurance companies that refunds all of your premiums if you do not claim? |
| Do you know of a uk life insurance company that refunds all of the premiums at the end of the policy?... |
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 UPS shiping problem? |
| I am seeking advice on what action I should do. I am planned to go to Indiana from Maine, then from Indiana to California to where I will be going to school. I had shipped everything (or most ... |
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 Complicated insurance question? |
| My sister accidentally backed into our house this morning with her car. While the damage to the car was only moderate (There was a large dent in the bumper, a few smaller dents, and some scrapes), ... |
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 What should i do to be able to sell insurance? |
i've recently in life had to make a carrer change due to health related problems, and thought that becoming an insurance broker would be a good, stable job.
does anyone out there know what ... |
|
 What do they do for families who cannot afford a funeral? |
| One my very close friends just died yesturday. There is no obituary or anything and I do not think they can afford a funeral. What do they do for families who cannot pay for a funeral?... |
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 Home Insurance For Special Cases? |
| I am trying to find an insurance company that will write an insurance policy on a very special home. It is way out in the middle of no where. They run on generators not normal electricity. They might ... |
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 We have life insurance on my ? |
| We have life insurance on my husband and I am the beneficiary on the policy. but we are getting divorce. Am I still be beneficialy after our divorce go through?... |
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 Insurance claim on lost ring? |
| I cannot find my wedding ring valued at several thousand $$$. If I make a claim will my husband have to sign papers, know about it? We're both on the policy. He will go ape sh** if he finds ... |
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 Whose problem is it? |
| Today, my wife was in our minivan & ice flew off the top (we cleared as much as we could) & broke a windshield behind her. Info exchanged & not hurt. The guy says he's ok with us ... |
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 Primerica - well AL Williams policy renewing? |
| I have an AL WIlliams 20 year policy that will be renewing in the next month. Yes 20 years ago I gave insurance a shot and sold myself a policy. Well my investments didn't and aren't ... |
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 Can a motorist sue the person who rear ended them 1 yr after the accident? |
| What if the person who was rear ended did not file a personal injury to the insurance company at the time of the accident? Can he still out of the blue file a lawsuit against the person who hit him ... |
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 How important is it to get the best rates Term Life Insurance company? |
I am looking at these options:
http://www.zanderins.com
Is there really a huge difference from top to bottom? Can I go with the more affordable option?... |
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 Problem concering life insurance for an low-income family? |
| Bill and Anne have two young children, ages 2 and 4, and they are not currently covered under any life insurance policy. Anne is a full-time mom and brings in zero income. Bill currently makes ... |
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 Anyone know a good "Renters Insurance Company"? |
| Live in an Apartment and I would like to purchase some Renters insurance to cover any damages that may happen. I want to make sure it's a good legit company and not some rinky dinky place. T... |
|
 Help about choosing car insurance? |
| I'm 18 and I need to start paying for my own car insurance. Any suggestions for lowering the cost? I live in New York which means my parents are finacially responsible for me until I'm 21. I... |
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 Is it wise to enroll any insurance policy and pay monthly payment by credit card? |
| actuaclly im not intrested in this policy due my financil problem .i tell the guy but he insist to do so. now i want to terminate it. what the best thing will i do for that problem?... |
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 How do I get my insurance licenses? |
| Do I have to work for an insurance company before?... |
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kosmik | Is life insurance with cashback just a gimmick? |
My husband has taken one out and I feel that we could get basic life cover for a lot cheaper and invest our own "cashback" in our own way. Am I right to think this? |
 |
 
mbrcatz
 |
Yes, you are right. They're investing his money, keeping the procedes, and returning the principal. He's effectively giving them an interest free loan.
It costs a LOT more than term life, because they buy term life with part of it . .. invest the rest. |
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moodymomma
 |
Yes, you are definitely thinking better on this. You should convince him to get term life and invest the difference in what it will cost you in something easy to manage with a high return... try www.ing.com. Their Orange Savings account (which can be managed entirely online) earn you 5%APY. Can't beat it! |
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aaron p
|
It's most appropriate for people with low financial discipline. I wouldn't exactly call it a gimmick, but its practical use is limited.
Make sure you compare the after-tax rate of return on any alternative investment you are considering when you are thinking about doing this on your own. If you don't know how, either keep the ROP plan or seek the help of a financial advisor. |
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LifeInsuranceAgent
 |
It's not a gimmick, but you may be able to obtain better returns elsewhere.
You can calculate the rate of return of the ROP - Return of Premium policy to a non-ROP. Most of the times the rate has not been high enough to justify the extra cash outlay, but I have seen a few that made sense.
Some people use it as a forced savings, or as part of a business buy-sell agreement |
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Mark S
 |
My company happens to agree with you. See below for a couple of sites regarding whole life policies. Part of the problem is that there can be tax consequences for taking out the cash build up as a loan. Initially, there will be no taxes to be paid, except if the owner dies. If any of the loan exceeds the total premium paid to that point, any cash beyond that will be taxed.
Also, the face amount paid to beneficiaries is NOT taxed, but the insurance payment WILL be considered as part of the owners' estate. THIS is where tax planning needs to come into the picture.
Yes, you can do better investing on your own. Insurance and investments should be kept separate. And, if you have a proper retirement plan, the length of time for insurance should only be UNTIL you have saved enough for a retirement that does not touch principal. |
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burt p
 |
Yes, you are right. I found interesting information about your answer here. http://all-insurance-online.blogspot.com/2007/08/life-insurance.html
Good luck! |
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