 Am I being forced to buy auto insurance I don't need.? |
| Agent says I must buy protection against loss of wages...I have no wages, just Social Security and pension from my former employer.... |
|
 Paid Dr. Copay and STILL got billed.? |
| Ok, I am sick of this blue cross insurance I have. I went to the doctor and talked to him for maybe 5 minutes. He did not do anything, did not prescribe me anything. I talked to him about the ... |
|
 What if I upgrade my car insurance because someone threatens to mess up my car? |
| An old roommate stole a lot from me the day he moved out. I've been waiting 5 days for the police to take the report (they're busy according to them). In the mean time I contacted him ... |
|
| What company you would recommand for Health and Life insurance? |
| I am a twenty-four-year-old single black female who does not smoke or drink; has no known health problems; and does not have any children.... |
|
 Hit a fence with my car, I have about $2,000 in damage, if I file a claim ($500 deductible) will insurance go? |
will my insurance go up? I've only been with my company 6 months and just renewed for another 6 months. I haven't had an accident prior to this in over 5 years.
Additional Details
|
|
 Are there any over 40s life policies in the Uk? |
| Often there are ads on TV for guaranteed over 50s life insurance plans where everyone is accepted without a medical. Is there anything similar for over 40s?... |
|
 Is my job being horrible or am I overreacting???? |
| IMy family has never had health insurance. (3 kids) I was offered a job in Sept 07 and was told they would insure my family with very little payment on my part. I had to wait to get past the 3 months ... |
|
 Life Insurance Quote? |
| What is the best way to get a life insurance quote from numerous companies? I want o make sure that the prices I get are the actual price that they will end up charging me. What is the best website ... |
|
 Which Insurance company is best for Whole Life Insurance ? |
I have search only 2 big compnay Metlife and New York Life.
I am 24 years old and want that whole life insurance for my life.
So i want to know which compnay i need to choose for whole ... |
|
 Who pays the medical bill if i decide not to settle my personal injury case? |
Additional Details
I was told that a lien will be put against
my settlement and that i can get my
personal medical insurance to pay along
with my auto med pay in order to ... |
|
 Life insurance benefits? |
| I have to sign up for benefits at work and am wondering how much life insurance myself and husband should have, is there a certain percentage or rule to go by. We have 2 children a 13 and 15 year old.... |
|
 How can I find out the named insurer for a nursing home if they won't give it to me? |
I want to notify the insurance company of the situation at the nursing home. my dad died needing cpr and cpr was not administered when he had a full code. it has been reported to the state.
A... |
|
| Insurance ripped me off? |
| i had 2 cars insured in my name i was involved in a accident i got med pay for one car is that right was i suppose to get med pay for both ... |
|
 Can someone please explain what EXACTLY a health insurance deductible is/means? |
| I am really confused about what a deductible is (regarding health insurance). I am new to the insurance thing. My new policy has a $500 deductible. I assumed this meant that I would have to pay the ... |
|
 What happens if I want to make an insurance claim but there was a gap in protection on my policy? |
| I have got response that I should report an accident to my insurance company but at that time I wasn't insured. My policy was cancel but I just got it reinstated today. The accident was ... |
|
 LIC Policy suggest me good policy ? |
| my age is 28 year,& i want to take one good lic policy.i am unmarried plz suggest me good policy for that,... |
|
|  |
Olu | Mortgage insurance -- is it worth it? |
I have been getting solicitation to purchase mortgage insurance from a few companies in some ways related (but not affiliated) with my credit union I obtained my mortgage through. This particular one covers job loss, disability, death.
My question is that is it worth it?
How much should I expect to pay (in premium)?
What type of questions should I ask?
What loopholes should I be aware of?
Thanks |
 |
 
bvpeterson
 |
Mortgage insurance is expensive life or disability insurance. If you need life insurance, buy life, but not the kind they sell for mortgages as it is not priced as cheaply as straight life insurance. If you have no spouse or dependents, life insurance is not needed. If you go, let the bank have the house; you wont need it. |
|
Me, Myself & I
|
I have a small home equity loan on my house. I got it to pay off my credit cards. I took out the mortgage insurance because I can afford the premium. I figure the more insurance we can carry, the better in the long run. |
|
Rob D
 |
Because you don't want your family to risk losing their home in the event of your death, it should go without saying that some type of coverage is necessary. Traditional mortgage insurance is actuarially expensive, and has a decreasing death benefit. Even though your mortgage balance decreases, that balance is all that is paid. Assuming you are in reasonably insurable health, a level term policy would likely be less expensive, and the death benefit would not decrease with the mortgage balance. |
|
mkulda
 |
If you are really considering mortgage insurance, you are wasting your time.
Mortgage insurance would only pay off the mortgage....but your heirs will have many more needs than just paying off the mortgage.
You should spend that time researching life insurance which will pay for anything your heirs need....not just the mortgage.
Because of intense competition, the price for good term life insurance has dropped dramatically over the last 10 years or so.
There are many competitors and the price is rock bottom.
If you have a house and loved ones to protect....buy as much level premium term life insurance as you can get. Ten year is lower cost initially but the jumps in cost every 10 years are a lot. You can now get a 20-year level premium term policy for a little more a month....but that premium stays level for 20 years.
As you age and pay off things....the need for as much insurance drops and you can scale back on your amount upon renewal and the jump in cost won't be as much.
Mortgage insurance is pushed so hard because it is very expensive and comes with a very, very big commission for the agent.
You are MUCH better off going to a life insurance agent and getting a high quality, low cost term life policy. |
|
LMR
 |
Mortgage life insurance is an interesting concept and quite appropriate for many people although not everyone.
Mortgage life insurance is often confused with PMI (primary mortgage insurance). Mortgage life insurance has nothing to do with PMI or the actual mortgage except for the fact that it is decreasing term life insurance that is designed to pay off the remaining mortgage balance should the insured die.
There are a few things to watch out for. A good resource article is: http://www.lifeinsurance360.net/Term_Life_Insurance/Mortgage_Life_Insurance.htm |
|
lost2day
|
No, it isn`t, it`s brutally expensive. Have it covered under your life insurance policy as a rider.The average mortgage insurance cost between, $50-$75 extra a month. If you going to go with the life insurance option, make sure you have term insurance . |
|
crazyeddyprobe
|
The short answer is... no. The hardship instances they would cover(job loss, disability) are already part of your mortgage. |
|
MoniqueLise
|
While I agree that mortgage life insurance is a much more expensive version of insurance that you likely already have (such as disability, health and life insurance), you are covered for one instance that no other insurance policy will cover you for and that is job loss. However, check the fine print -- it may stipulate that if you leave a job voluntarily that they won't pay, so you'll have to keep that in mind.
One other point: mortgage insurance will pay off your mortgage without the process having to go through your estate. This can be a benefit to a grieving spouse who may not have the resources to pay the mortgage (or may have all joint bank accounts tied up as a result of the death). The payment will go straight to the bank, and this will be one less thing for the bereaved person to deal with. All they will have to do is send the appropriate documentation to the insurer.
Something to consider, depending on your circumstances. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 28 minutes(s) ago
| | | |
9 | 55 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
8 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
