 Lost/stolen wallet? |
| I just canceled my debit card. but i have all my id in there, including my bank card and my social security card. what do I do about that?... |
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 Will i get my money back? |
| i just recieved a package froma seller on ebay. the thiing was tottally ripped open and empty! the post office stamped it w/ a " recieved w/ out contents"stamp. is there anything i can do ... |
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 Life insurance claim? |
| My partner of nine years past away while using a drug called ketamine. He never used drugs before but decided to experiment. I am wondering if I am going to have a problem collecting on the life ... |
|
 25% rule for insurance coverage in replacing your roof? |
| We just had a hail storm in our area and our insurance agent claims that just the back half of our roof was damaged in the storm. In talking with a roofer, he said that there was a rule that if the ... |
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 What do u do about your credit after being hit in a car accident, I was walkin. bills are mounting until court |
| I have been off work since the accident. the insurance company isn't paying the medical bills fast and they are going to collection. Hurting my score!!! What can I do?... |
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 Laid Off but want to work temp jobs, Will I still get UI if I have no more temp work after a while? |
If I am laid off in October but obtain temp jobs for 3 months or so, if there are no longer assignments available, can I then apply for unemployment, or will it be too late?
I want to make ... |
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 My Daughter Lost Everything In Apartment Fire... What Else Can She Do? |
| She has just $3,000 in renter's insurance. The fire broke out on New Year's Eve, in Virginia Beach, while she was up here in NY home for the holidays. It was fault of a tenant, smoking ... |
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 How does homeowner's insurance cover belongings? ? |
Maybe this is a stupid question, but I'm new to this.
So my fiance and I bought our first home pretty recently. Yes, I'm a bad person and did not read through or understand ... |
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 Covered Auto or Mobile Equipment??? |
| If a client has a truck which no longer is licensed for road use, and is only used on the business property to move supplies, should this type of vehicle covered under the commercial auto policy, or ... |
|
 How can insurance companies be allowed to screw people? |
| My mistake was making a phone call to my insurance company to make a claim. We had a bad storm and it rained in my house, well the carpet got wet and the water leaked down the wall in my bedroom ... |
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 Worker's Comp process and when do we need an attorney? |
I am a nurse, and work on the insurance side of medicine. I need advice from anyone who works in Worker’s Comp.
Not a lot or room so make it quick. 33 y/o f Rt. Radial nerve damage at ... |
|
 What can landlords do to reduce risk of lawuit when renting to tenants with dogs? |
| I have some prospective tenants who have dogs, one of which is a Pitt bull. Even though these particular dogs may be gentle, the fear is that if they get out and injure someone, I, as the property ... |
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 Life Insurance Policy paid in full? |
Is it possible to purchase a million dollar life insurance policy, at the age of 22, in FULL for 60,000.00, and pay no premiums ever again?
Will the policy pay whenever I die? Even if I ... |
|
 Why are Insurance company paying for underage girls to have babies ? |
| That should not be happenings then we as a whole have to pay more for insurance?Let the parents pay for the unwed babies not the insurance company?... |
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 Insurance premiums? |
| When an insurance premium (the amount you pay for each month) is higher, does it mean that plan has more coverage and is better?... |
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 Does anyone know what the letters (A,B,C,D,W,etc..)after medicare number means? |
| I need a list of the letters following medicare numbers and what they stand for.... |
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greendog | Is "whole life", permanent life insurance a good vehicle for saving money? |
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 |
 
529s.com
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There are actually several different permanent life insurance plans. Whole life is one, Universal Life is another and Variable Universal Life is yet another. Term life insurance makes sense for some situations, but permanent life insurance does make sense for others. I personally have both. Anyone that tells to buy one type of policy or another without reviewing your situation is no good. That includes Suze Orman. |
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annierose
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it is never good to combine insurance with savings. it is too difficult to see what you are paying for, andseparatees clients think they will get both the insurance and the savings, but usually it is only one.
I agree with the person who answered first, term life insurance is the best product, and keep your savings seperate. |
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x60157
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No. Life insurance policies yield less than stocks and bonds.
If someone depends on your income, get term life insurance as long as they depend on it.
To save for college, house, retirement, etc. I believe that index funds are best. |
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Financial Answer Guy
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Rich is right, but he is too kind to Suzy Ormon. She is a FRAUD. Anyone who tells you to only buy term insurance is at best closed minded and unobjective and at worst, just trying to make an easy sale.
Permanent life insurance can be an effective savings vehicle for LONG TERM investing, if and only if coverage is also needed. It would be a mistake to buy a permanent policy without needing the death benefit. For those who say it is too costly or not transparent enough, you haven't had a competent advisor explain it to you.
Finding a financial planner is critical. Avoid anyone who makes a decision on what or how much you need without a thorough understanding of your financial situation. Run away from anyone who uses a "multiple of salary" approach in determining how much coverage you need. (Suzy does this too; ridiculously suggesting that you should have 20X your salary in coverage!!) Also be very skeptical of anyone who is employed by an insurance company (a career agent) as they may be unduly influenced to sell proprietary products.
Good Luck. |
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thenameisthesame
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Financial expert Suze Orman says that buying a whole life insurance policy is one of the worst financial decisions you can make. So, don't do it! |
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dhcongrave
 |
Whole life is the absolute WORST vehicle for saving money. You are paying comissions thru the "wazoo". |
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