 What's the point of insurance? |
| I mean like, yeah you should have some money set aside for if your house gets burnt down etc, but why should you have to keep it with a private company who might go bankrupt at any moment?... |
|
 I am looking for Home owners Insurance. Which do you have or recommend? |
Geico or State Farm
And Why?
Thank you,
Additional Details
I have Geico for my car insurance, and State Farm is recommend by my agent..... |
|
 At my wits end with Indian Call centre staff What UK based car Insurance company? |
| Im going to change Insurance companies we have no claims for 4 years with Norwich Union. Im trying to find UK based company that doesnt put me through to Indian call centres. Please tell me your ... |
|
 What company has the least expensive auto insurance for young drivers? |
| Does anyone know of an insurance company that is reasonable with it's rates for a young lady driver with a good driving record but bad credit? Full coverage is needed on the vehicle. Thank you ... |
|
 Should smokers pay more for health insurance? |
This is the article where I read it from.
http://www.medsocial.com... |
|
 How do you analyze an insurance company? |
Additional Details
The question relates to determining the financial strength of a company and where to get information. I like the suggestions re www.finysis.net and A.M. Best. The ... |
|
 I live in NY and a boy fell ON my trampoline, he was crying, I made sure he was okay and he walked home.? |
| His Mom raced him to the hospital where the put him in an ambulance and sent him to another hospital. The end result, he was FINE he was sore but nothing more. it was more precautionary than ... |
|
 Liability Insurance? |
| I have a small business and I want to know who do I talk to about getting liability insurance for my business? What kind of insurance broker do I talk to?... |
|
 Mortgage protection insurance? |
| hello, i just took out a mortgage but didn't get insurance with the lender (C&G). I understand this is compulsary, so what options do i have now? i know i can just get a standard life ... |
|
 My wife is leaving her teaching job and becoming an independent consultant.? |
| She will rely on my health care for now. If I too was to pursue independent contract work, what options do we have to ensure we still have quality health care since we would no longer be covered ... |
|
 I have a standard Homeowners Insurance on my house. My crystal bowl was broken when in use. Am I cover? |
Does a standard homeowners policy in the U.S. only cover loss suffered from perils only?
Additional Details
Wow, a lot of great answers! Well, from the majority of it it would appear ... |
|
|  |
lisa g | Life insurance after 65? |
where do i find life insurance after 65. i am retired and wanting to leave my kids as much as possible so im asking where do i look. |
 |
 
Phil
 |
Go spend your money. You have got them to adulthood, and have done your job. Now is the time to enjoy your golden years. Your kids will only appreciate what they have earned themselves. |
|
insuranceguytx
|
Work with an independent agent. LOTS of insurance companies look for (healthy) people over 65 who want to buy life insurance.
It can be a very efficient way of transferring your wealth to your designated beneficiaries. They won't have to pay taxes on the amount that they receive.
Good Luck.
. |
|
kingsanjay q
|
please try this <a href="http://www.anrdoezrs.net/click-174... target="_top">help!</a>
<img src="http://www.lduhtrp.net/image-174819... |
|
TheInsuranceExpert
|
Many of the national insurance companies will provide you coverage (Prudential, Liberty, Mutual of Omaha) however you'll have to pass a physical if you want $100,000 or more. Term may be high but they may have a universal life policy that allows you to pay premiums at whatever price you'd like, and still allow you to put in large sums as you desire as well. |
|
JB1977
 |
Several companies offer life insurance options for seniors. Within each company, you havr additional options. I am with one of those companies. You need to talk to a licensed agent in your state. Period. I am not being a good agent and neither is anyone else on this thread if we say you should do this or that or not. AARP offers life policies through New York Life. The lower cost options thay have are all Term-to-age-80 policies. Meaning, the policies end at age 80. After 80, no more insurance. They also offer group whole life policies. But, you will find a better deal elsewhere. You also want to look into a universal life policy, usually it offers a lower premium compared to a straight whole life policy. A last option for you would be a single premium policy. It s a whole life policy that takes a one-time lump sum, and the insurance company gives you larger insurance amount. For example, you have saved $50k specifically for your kids. When you pass, you want all $50k to go to your kids. If you put $50k into a single-premium-whole-life policy, on the strength of your health and your $50k, then the insurance company will write you a policy that would pay your kids $75k - $100k. These are some of the options available to you with any agent worth their license. You should consult with an agent in your state and they should help you. Good luck. |
|
laurenm49
|
AARP. They specialize in health,life,home and auto insurance for over 55.
www.aarp.com |
|
MissV
|
Many of the national insurance companies will provide you coverage (Prudential, Liberty, Mutual of Omaha) however you'll have to pass a physical if you want $100,000 or more. Term may be high but they may have a universal life policy that allows you to pay premiums at whatever price you'd like, and still allow you to put in large sums as you desire as well. |
|
aaron p
 |
Sure, in fact I don't like working with folks younger than 50. There are a lot of good options out there for you. Some things you need to consider are the type of investment you would otherwise put it in, how it is taxed, your tax bracket, your expected rate of return, liquidity, and any underwriting concerns you might have. Good luck finding someone who can walk you through all of this. There will be some trade-offs regardless of what you choose (even if it's to keep it where it is), but with a little work, you should be able to find a balance that works.
What mbrcatz doesn't know is that most 65 year olds don't have a 5 year life expectancy unless you are really ill. Maybe you should see a high risk broker (or someone who focuses on life insurance and financial planning) so that you don't get scary advice like that. Sorry mbr. I like you, but let's get real. |
|
bullet b
 |
well i dont get your logic, you want to leave your kids as much money as possible. are you planning to give them some sort of retirement plan so they dont need to work anymore. so the part of having kids is so you can provide then and take care of them as children for the rest of their life even after you are dead? i thought it was raising them so they can take care of themselves, well thats my logic, so i wouldnt give them as much as possible. if i were you id use my money to get an insurance policy to cover all my final expenses, and have my kids hold on to the policy so they can claim it to fix my funeral when i do go and whatever money i have left is theirs if i dont already finish it. if you are bill gates you can give more, even bill gates isnt going to give his billions to his kids, probably a few million from what he said. you did your job raising them so you dont need to take care of them after you are gone. |
|
hope and opportunity
 |
take the money it would cost for the premium and put it into an interest bearing account. At least you will not lose your money if something should happen to you...(although you won't need it) but do not purchase any cash value insurance ever.The insurance company will all the time (depending on the contract ) keep what you have paid into the policy. |
|
Hadley
|
There are several life insurance companies that offer life insurance for people 65 and over.
Some of the leading insurers are Northwestern Mutual, Prudential, Mutual of Omaha. Others that specialize in life insurance for seniors with no exam required include Globe Life, and Colonial Penn.
You may want to request multiple quotes from an online quote provider to find out which carriers are most competitive for your age and needs.
One firm you can use for that would be efinancial. You fill out one form and they give you up to 12 free, no obligation quotes. You can choose the plan that's right for you. If you have questions, they have online help, or you can call them at your convenience. Visit efinancial at https://www.efinancial.com/smartquoteefc.aspx?source=389-777
I hope that helps! Best of luck to you. |
|
mbrcatz
|
You look for a high risk life insurance broker - your regular insurance agent should be able to get you some names.
Keep in mind, however, if you're life expectancy is 2 years, or 5 years, according to the tables, you're going to pay about HALF of face value, to 10% OVER face value.
In other words, insurance is a BET, about ODDS. The odds are ALWAYS going to be in the favor of the insurance company. So if you're not healthy, and 65, they will calculate the odds of you living the next year, and price the policy accordingly. A $100,000 policy might end up costing between $25,000 and $110,000. You're NOT going to find someone to give you the same odds as if you were 20 and healthy.
It's likely going to be CHEAPER to just sock the money away in a mutual fund.
That's why most agents aren't even going to bother looking around for a high risk quote - they're going to assume that you're NOT going to want to pay the premium, and that they're wasting their time. You'll have to assure them that you're willing and able to put some serious money on the table to buy this, so that they aren't just doing a futile excercise. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 16 minutes(s) ago
| | | |
12 | 42 minutes(s) ago
| | | |
11 | 45 minutes(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 2 month(s) ago
| | | |
11 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
