 What does "Notice in Writing" means ?? |
I want to cancel my auto insurance policy.
Does calling my insurance company on the phone to request canceling my policy counts as "writing in notice" ? Or do I have to write a letter ... |
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 What's a good cheap health insurance S.C.? |
I'm currently looking for a good low cost family co-pay we're currently paying over 400 a month and our coverage sucks !
thanks soo ... |
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 Auto insurance question, Help please? |
| k so my husband bought a new car on Saturday (06 for tauras froma dealer) He got insurance threw Geicko.com had the insurance for like less than 24 hours (it was his first time with insurance) He ... |
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 Im new to insurance and want to know what is a good insurance company to work for? |
| I have talked to a lot of different insurance companies and all of them promise you the world. If anyone has any advice with what companies to work for and how I can get a hold of them I would ... |
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 Is it too early to think about life insurance? |
| My husband is 36, I am 28 and we have a 5-month-old baby. What life insurance plan should we consider? I'm in the FL area.... |
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 Can i get my money back from my life insurance? |
| my wife and i have been paying for life insurance for about 9 years now. the broker explained that it is what is called whole life insurance and that you would only pay for 10 years. recently we ... |
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 Can IL employers require a copy of my childs birth certificate & social security card for Insurance purposes? |
| My ex just started a new job in IL & the HR guy told him he has to have a copy of my daughters birth certificate & social security card for his medical file in order for my ex to cover our ... |
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 I was in a car accident and a cow was in the road and I ran into the cow. Is the owner liable for damages.? |
| Are they liable for car damages only, because I had to go to the doctor and I have whiplash in my neck and back?... |
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 Should I get Mortgage Life Insurance? (If I die, my mortgage is paid for.)? |
It costs $2.43 per week for 24 years. I live with my boyfriend and he has bad credit. If I died he wouldn't get approved for a mortgage, so he would be forced to sell the house.
Additional ... |
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 Bought a car for a friend.She quit paying the payments and insurance.She is parking it getting tickets etc etc |
| It is 100% in my name ,she is not on the loan or insurance in any way.(I know im a sucker).So now she says its her car and I have no say because she made the down payment,cash no contract. Im going ... |
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 I am appalled at how my insurance company have treated me, with respect to a recent burglary I have? |
experienced. I feel I want some sort of compensation from their flippant, lax treatment. Do you think I should try, seeing as there is so much competition around with other insurers?
A... |
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 When should a person get rid of their life insurance? |
| If they am retired and make enough to live on and have enough saved to live off it for say 6 to 7 years, should they still have a life insurance policy?... |
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 A better way acquire an affordable health insurance to cover my family? |
| if I work for, say Pizza Hut as a part-time while I earn $65K/yr full-time job? I dont want to spend too much monthly payments on health insurance?... |
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 Very basic everyone's insurance type of question, please help me? |
| I'm out of state on vacation. I've had some minor (major?) health issues with my child. His doctor took him off Zithromax 2 days ago, but his symptoms are not improving. He has 2 ear ... |
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 What kind of auto insurance would cover me?...? |
| I just bought a new vehicle (truck) but I have not had insurance coverage in the past 90 days. Just being careless...but I know alot of insurance companies won't accept me for that. Does anyone ... |
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 Does anyone no where I can get help to pay medical bills? |
| Unfortunitly I losed my medical coverage on 6/30/07 and was told I would be able to enroll in another program but that was a lie and then I was in the ER on 7/15/07 and I don't have any ... |
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Jesse M | Life Insurance for minors? |
If a minor were to pass away, would the minor need life insurance in order for the funeral and other such arrangements to be taken care of? Would there be another method that these such needs would be able to be taken care of without life insurance? |
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ezminj
 |
Life insurance on your minor child is always a good idea to ensure you have the money for burial services without creating a financial burden on yourself. I'm sure you could start a savings account, though that seems rather morbid and you're left to whatever money is in the account at the child's time of passing. A good agent will help you discuss what services you would look to hold and give you the best amount to handle that if the time comes. You should also look into what's called a "return of premium" rider, which gives all your money paid into premiums back if the policy is never used. Beyond that, a general figure is usually around 8-10,000 dollars for a child's policy, and with the right agreement, you may be able to roll that over when they turn 18 or 21, even increasing the policy payout. Find an agent near you, and they'll be happy to tell you what's available and work out what's best for you and your family. |
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ralph a
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Based on my 44 years of life insurance experience, I would not recommend life insurance, other than a small term policy, unless the child has a need for guaranteed insurability that may be obtained as a rider to a parental policy. Investment in a 529 plan, such as the state of Virginia's or other available 529's would rapidly grow with tax advantages to more than take care of final expenses, and also, if continued to fruition, take care of rapidly increasing college expenses. |
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Emily Dew
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Savings or credit card I would imagine. |
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Ron H
 |
Not a good investment. The chance of dying is logarithmic, at early age it is very rare and shoots up until... yes, every one dies.
Do something else with the money. Besides people may think you are homicidal. I would. |
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Dr. PHILlis (in training)
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They have policies that are especially for children. That's what the Gerber Life Advantage plan is for. And I believe if they get a certain age like in their late teens or mid 20s it could be cashed in. Or you can contact your local life insuror and ask them. But I notice many people don't put policies on their children because they feel guilty or it might raise suspicion. But if you don't get any life insurance then of course you would be in the same boat if it were an adult. |
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Bad Kitty!
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There isn't a special fund for funerals for children. My kids all have small life insurance policies that would basically only cover a funeral if the unthinkable happened. They are all permanent policies with level premiums that earn interest, which will eventually pay for the policy premiums. I got the policies after my husband died unexpectedly without sufficient life insurance at the age of 33.
And yes, the kids can cash in the policies when they are of age. The money will be a good start toward a college education. Anyone who thinks it "homicidal" to insure your kids' lives has been watching a little too much Court TV! |
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girlwhoknowsitstrue
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The ONLY reason to have life insurance for minors is to pay for funeral expenses - because the purpose of life insurance is to replace the income of the deceased, and minors don't have income.
If you have enough for premiums, but them in an investment, and if the minor doesn't die (highly likely), then it's a great graduation gift for them. |
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The Real Deal
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A lot of people buy life insurance policies for their kids which the parents collect in case the kids die. There are policies which are specifically designed to cover the cost of funeral expenses. You go to the funeral home, choose your casket or urn and other merchandise. You can pay the full price at todays cost. Or, you could pay monthly premiums like any other insurance policy. Usually there are plans available up to 10 years.
The positive aspect of arranging and paying in advance is that your family will not need to deal with that at the time of death. You can take care of that in advance by talking with your funeral home director. I am sure they would love to keep a file on record with your arrangements in it, and allow you to use your assets or your life insurance policy to pay the costs at your time of death. But having one of those prearrangement policies make things go a lot smoother because you will not have to deal with taking a portion of the life insurance proceeds to pay for the funeral. Funeral homes would rather that you pay in advance as well, because then they know that they get their money. However, in all honestly, there are much better places to keep your money than in a prearranged funeral agreement. But the funeral home director won't tell you that. It's a good thing to have if you are pretty sure you're going to die within 10 years. But no one ever knows when they are going to die.
Shop at the various funeral homes and find one that you like. Make sure you feel comfortable with the director. Look at the price lists now and become aware of what all costs are involved. |
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mbrcatz
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Usually the parent would pay for the funeral. |
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