 Home insurance? |
I am not sure how much home insurance coverage I should have for the house I bought 2 years ago. The cost of the house including the land was $96,000. But that includes the price of the land, etc.
... |
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 Auto insurance claim check? |
| My vehicle had just been damaged by hail a week ago. I have about $1500 worth of damages. It is very minor and only noticeable if you really look closely. I got a check from my insurance made out to ... |
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 Did the insurance company who insured the "twin towers" WTC in NYC pay out in full? |
In view of their destruction following the 9/11 attack.
Additional Details
Even if the insurance company were in the twin towers their finances would heve been held "off site" ... |
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 Health Insurance for Children? |
| Does anyone know of a good health insurance program for children in the state of NJ? My husb currently has family coverage with his local union and they pay for NOTHING !!!! We keep getting bill ... |
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 My dad has a different insurance company then me, can i still drive his car and be covered? |
| im 16 and dont have my car right now. would i still be covered under my dad's insurance policy, even though he has a different company.... |
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 I'm 24.. is it wise to take out a 20 yr life insurance policy? |
I'm healthy. They already quoted me $18.81 a month. The policy is for $250,000. How does this work?
Additional Details
Not married, no debt, no ... |
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 Rear end collision, my fault, suggestions? |
| ***so i got in a car accident today, my fault, i rear ended a lady. she didn't have her insurance info on hand, but i had mine so i gave it to her, as well as my phone number. she just gave me ... |
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 Anyone else's Health Insurance going up? |
| I just found out that after the new year my PREMIUM will go from $15 a pay to $48 a pay! The family plan went from $500 a month to $500 a pay! Thank God I don't have kids right now! So, I'... |
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 If a man dies and he paid insurance on his wife and she don't know about the plan? |
| whether Insurance company will come to know and let his wife about the plan and pay ... |
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 If insurance covers a prescription drug, why am I paying more than my copay? |
| I thought if insurance DID cover a drug the participant was responsible for their copay, if they didnt cover it the insured could pay for the drug outright or get a script for a drug they do cover....... |
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Late K | Paid-up life insurance, what to do with it now. Been told to give it to the funeral home for future $$$.? |
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Reagan
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Assigning your policy over to the funeral home is a very intelligent idea. The policy will continue to grow, and any monies leftover after the funeral bill will go to your family, it does not benefit the funeral home, other than the actual charge for the funeral. Making the funeral home beneficiary protects you should you ever need to go into nursing home care, because the state cannot take any funds that are designated for funeral use. If you have someone other than a funeral home as beneficiary, and you need to go into a nursing home, the state can make you cash out the policy to pay for your care. It is VERY common practice to turn it over to a funeral home, and please ignore any negative comments about funeral homes, please consider the source from which these unfounded allegations come from (ie- people's opinions, not facts) I feel sure that his ridiculous rantings about crematories not being cleaned are personal opinion, and not fact, as I am positive that they are indeed cleaned EVERY time, I have witnessed it many times! Take care! |
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chickmomma5
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you could give it to me!!!! Just kidding! Keep it for yourself and your family. Make sure they are cared for when you are gone. |
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bad person
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invest in to something or start up a business |
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Life after 45
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Is it a "whole life"? Can you borrow on it? Maybe borrow on it to buy your plot, then pay back the loan? |
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bamhs
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Is is Term or Whole Life? Paid up so, wait until you need it.
Maybe you or a loved one may die and need all that you can get. |
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missourim43
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I would not give it to funeral home for future expenses.
Start a roth IRA with it in a conservative stock fund, something from Vanguard or Fidelity. The money should appreciate for you not for the funeral home. |
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mkulda
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If it's paid up, then just keep the policy in force and have your loved ones use the money for your final expenses if you wish or whatever else.
Also this is a point when you should realize you could've purchased a lot more term insurance for the price you paid or could have been enjoying the benefits of a higher quality of life with the money you wouldn't have spent on whole life (or permanent) insurance.
Financially, you would have been much better off by buying term insurance for either the same amount or you could have afforded a higher policy amount and you heirs could've gotten a lot more of a payout. |
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The Advocate
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Suppose the funeral director becomes insolvent and goes out of business ? Or suppose he is on the edge ? I hear the chambers where they fry you are gross, not cleaned out after a body or two. Want to be buried in the ground ? I am claustrophobic ! You tell me. You need a will and personal representative. Then fund it exclusive of your estate, the life insurance goes to your beneficiary separate of your estate settlement.
Also there are trusts, your attorney might help with this |
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bor_rabnud
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NO. They have more than enough money. Keep it for yourself. |
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