 Is our Life Insurance enough? |
I am insured for 250K
My husband is insured for 750K
My children who are 7 months and 3 yrs old are both insured for only 50K (whole not term, will be paid off by the time they ... |
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 Insurance Questions, 5 weeks pregnant. Hubby switching jobs....? |
| I am 5 weeks pregnant. I purchased geisinger ins Jan 1st 2007 and then dropped it Jan 31st 2007 since there maturnity coverage was horrible! My hubby has had the same ins for years Blue Cross / Blue S... |
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 Prudential insurance and Allstate which one is good for life insurance? |
| I 'm going to get a life insurance. I'm thinking between Prudential and Allstate. what do you think about both of them if you want to get the good service and comfortable.... |
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 I was trying to find out if the doctor was in-network with an insurance company.? |
| They said - 'It is possible that the provider is contracted with the insurance company for their fully-insured book of business. That does not mean that the provider is in-network for this ... |
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 I failed my first attempt at my state exam for Prop and Casualty Insurance...needed a 70 and got a 64.HELP? |
| Need to know how to pass it on the next go round?...I have been studying like crazy and felt I knew the material ,but the questions were really hard!!... |
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 If you get insurance through your parents will it be canceled when you get married? |
| My brother's girlfriend is 19 and she gets her health insurance through her mother's job. She and my brother are thinking about getting married. Will she lose her health insurance? My ... |
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 Health insurance vs. taxes for public health care... which would be better? |
| I am currently paying a TON in health insurance, with deductables that aren't that great... and I HAVE NEVER BEEN IN THE HOSPTIAL... this seems to be the earmarks of a very inefficient system...... |
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 How long should a flood insurance claim take? |
| Chris N asked this but didn't seem to get a full answer. Another guy had 6 months for a fire claim. Why does it take so long?... |
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 Open enrollment for health insurance is here and I need help deciding what to do? |
| My options are to enroll in a new insurance plan where I am insured thru the hospital where I work called a UMR EPO. This is new and they tell us many hospital organizations are grouping together to ... |
|
 What would be your case for socialized medicine in the USA? |
| I want it now. The benefits far outweigh the costs with 50% without healthcare insurance, and how many without Prescription coverage? Want the case FOR, and if you can debate the cons, even better. A... |
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 Car Insurance Company? |
| Which car insurer allows all named drivers to earn their own no claims bonuses so that if one named driver has an accident the other driver doesn't become affected? Thank you ... |
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 House Insurance? |
My house insurance has been cancelled.
Does anyone have any names of insurance carriers
that would I could apply to.
I have two dogs a german shepard and a mutt. That was the reason ... |
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 How do I know that my husband put me as a beneficiary? |
| MY husband and I are having issues and he just started a new job to where he has to elect new insurance. How do I know that he has even listed me as the beneficiary instead of everything to his ... |
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 I broke my arm while working. My boss promised to claim insurance for me but disappear. How can I seek help? |
| I broke my arm after my 5th day working in a cafe as waitress. My boss promised to help me and to claim insurance but end up disappeared. He closed his cafe. I tried to call him but in vain. What ... |
|
 What insurance company gives insurance to a permit driver? |
Additional Details
the california state law says, for example if i am going to football practice and i have a note from my instructor saying i am allowed to drive myself to practice and ... |
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 Should i pay the excess for a flood from an upstairs flat ? |
| i currently own a 2nd floor flat & 3months ago the flat above sprang a leak from the bathroom & damaged my kitchen,bathroom. my letting agent got onto theres & they have admitted ... |
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 If someone is killed via capital punishment does that override his/her life insurance policy? |
| If someone is killed by the law/government via capital punishment (gas chamber, firing squad, lethal injection, etc) can their dependents or surviving family members claim their life insurance policy?... |
|
 Change Auto Insurance Providers? |
| Is it a good idea to change auto insurance policies once every several years? Just want to make sure that I am not exposing myself to vulnerability by staying with the same provider.... |
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Debra M | We want to change our Life Insurance after fifty. Should we go with term insurance? |
we have found out that our insurance is universal and has taken us this long to figure out that we were paying for nothing really. Should we switch to a term insurance at this age? |
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luckyzimmy
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If we only knew the date of our passing, it would be easy. Just buy term insurance that expires after that date.
Not knowing that, however, you need to ask how much you wish to leave behind to someone even if you live to 100.
There are good plans available at your age, and working with a competent agent, you can design a plan any way you want, even with the plan you now have. You may wish to transfer funds from other savings into your present plan. You would receive interest on those savings that would be sheltered from taxes and the savings in taxes would offset the cost of the insurance. And - you would have ready access to the money if you needed it.
Lots of choices! |
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deda15
|
Determine how much insurance you need and the purpose.
If you have just bought a home, there are some really good term rates for mortgages.
Term insurance may be a good option if you can answer the health questions. If you have any cash value in your universal life policy and you may have depending upon how long you have had it. Universal life can build up cash value, you might want to take that and get paid up insurance. It all depends upon what you are wanting to do.
Get with your agent, he can advise you. If you don't have an agent, keep asking questions and don't cancel if you are uninsurable. Universal life can be good.
I hope this helps. |
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Insurance
 |
yes, you can buy term life as the premium is cheaper.
before you make any changes, please make sure
1. your current health condition is acceptable by the insurer. You may need to undergo a health check before they accept your application. or loading may be imposed for any pre-existing condition.
2. Get you agent to run through some numbers with you. ie Your annual term life premium x 25 years. what is the total projected premium?
3. Universal life should have some cash value, maybe they can convert the cash value into some form of of paid up policy for the next 25 years or more.
4. if you are able to save on the premium, PLEASE deposit it into your bank account and dun spend it. People buy term and invest the rest, at the end many buy term and spend the rest. You need money for your retirement too.
** due to limited info given, kindly get your local agent to project 2 scenarios :
1) Continue Your exsting plan
2) Buy term and find out how much you can gain from both scenario. |
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laxmi s
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ya you can try |
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insuranceguytx
|
It sounds like you do not have a good understanding of how insurance works.
Go meet with an agent or a financial planner to get a firm understanding of how insurance fits into your financial picture.
Term works well if you die during the term. If the term expires before you do, your heirs get nothing. If you have sufficient savings for all of your future financial needs - debts, retirement funds, future medical and nursing home bills etc - then you don't need insurance and term did its job.
It is rare for someone to have sufficient savings.
Good Luck
. |
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Mrs.M
 |
Although I'm not an expert, i do believe term is not the best option at this point. You might have higher ratings and payments due to your age. Reason being is that the policies will term in 10-20 years. Then you would have to convert to a whole policy and it is going to be pretty hard to find someone to insure you at 70.
It might be better to check into whole-life or quite possibly a variable life policy. Variable policies are tied to the stock-market and actually can increase the amount of funds available when you pass.
Hope this helps. |
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mbrcatz
 |
Well, term insurance at 50 is going to be VERY expensive.
Go talk to a local agent - figure out how much the term is going to cost you, if you outlive the insurance. Compare it to what you're paying on the Universal policy.
Be sure to establish the GOAL of the insurance, and consider if you're even going to NEED it in 10 - 15 years. |
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mohd farid ismail
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do you mean we are already reached fifthy or planning to do it when you are 50.
such info's are significant for an agent to calculate a presis formula to plan ur insurance.
there is no yes or no answer, just be sure your agent understand fully how you wanted to plan for your life insurance.
good luck. |
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