 Do large corporations practice age discrimination with regard to retiree health and life insurance benefits? |
| At age 56 I was forced into retirement by diagnosis of cancer. When I reached age 60 the supplemental life insurance premiums I have paid for years increased by 70%. If that's not age ... |
|
 Can atheists get insurance for acts of God? |
| Seriously, if you don't even believe in God, how would the whole act of God thing apply to you?... |
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 Cheap travel insurance for over 75's for long stay of 60 days? |
| my wife and i need travel insurance for 60 days either as yearly or single trip.i have tried some ins. companies on the net but they have all been to dear, we are both in good ... |
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 Contractor Liability insurance? |
| I am an electrical contractor.I do anything from Trouble calls, remodels, room additions, dedicated circuits (inside and outside), pool electrical, landscape lighting (Line and low voltage),.......... |
|
 When a perosn passes away? |
| will the insurance company or the car place payoff the car loan, or does the surviving perosn have to sell the car back?... |
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 Can i get life ins on my boyfriend? |
| He works in the oil fields, and he wants me to get life ins. However he is seperated and going through his divorce. And we are planning to get married soon after. We have no children. we are in our 40... |
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 Woman only insurance? |
| What do you think about this? Is it discrimination against men? What will happen if I open an insurance company just for men? Or white people?... |
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 What can i do if my insurance won't pay for new roof.? |
Every time the wind blows (>40mph) I loose shingles. I've got
4 bids from contractors saying it needs replaced but insurance
says not enough damage. You can lift the shingles, they ... |
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 Question about health insurance.? |
| I have a friend who has alot of money, and he does not have health insurance. he was in a wreck recently and the surgery is costing him $32,000. is there a way he could get some kind of insurance or ... |
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 Seeking health insurance with a pre exisiting condition..not eligible for cobra? |
Not eligble for cobra because company leaving has less than 20 employees. I have a daughter in college and a high school junior.
Looking for options!
Additional Details
I reside in ... |
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 Two years ago I was hit by an uninsured motorist. Just recently a judge awarded me a certain dollar amount.? |
| My attorney said that since I personally didn't have automobile insurance (I was driving the company car while at work), that he was going to get a settlement from the company's insurance ... |
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 How much does it cost to have renter's insurance? |
| For a single person with one dog (not on the "bad" list for insurance) On average, how much should I expect to pay? And is it worth it to have?... |
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gotalife | What's the best type of Life Insurance? |
I've been reading about different types of life insurance, and talk about a confusing bunch of information. Basically, I would like a life insurance policy that if I die, my family is taken care of, but it also builds up equity that I can cash out or use when I retire. Any suggestions as to what type that is?
Additional Details
Yep, MNG, us Nashvillians aren't going anywhere anytime soon! |
 |
 
borgerm
|
First you need to seperate your goals one goal is to have money for your loved ones in case you die. 2nd goal is to have money for when you retire.
1st goal - The best way to do that is use term life insurance. Instead of paying for ripoff whole life/ universal. 2nd goal - Stick the extra money that you would have to pay for whole life insurance into a Roth IRA which is invested in growth mutual funds. A good/safe company to start with low fees is Vanguard. |
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Marianne_not_Gingerâ„¢
 |
Hey! I tried to answer, but your email hasn't been confirmed it said. Oh well.......*shrugs*
And I logged onto this question so I can learn from the info Monitor gets! I'm so inept when it comes to insurance. I'll add this to my watch list so I can learn too!! :)
(However, we Nashvillians hope to live a long long life right??) |
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529s.com
 |
If you are looking for a life policy that builds equity here is some good info - http://www.findlocalinsurance.com/permlife.html
As far as amounts of coverage, make sure to meet with a professional that can review your situation to help you come up with proper coverage. Here is a directory of life agents - http://www.insuremylife.org |
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chartley
|
Term if you only need it for a certain period of time.
Variable Universal Life if you will be a millionaire and has an estate tax problem.
Whole Life if you will be a millionaire and has an estate tax problem and you are conservative investor. |
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oil field trash
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Borgerm has addressed the subject in a simple but very correct way. I can't anything else except to encourage you to follow his or her advice. |
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everstonedrocker
 |
the kind you never need...
Just kidding...
http://users.adelphia.net/~tobefree |
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Financial Answer Guy
|
The Buy Term and Invest the Difference approach ONLY makes sense if you can be certain that you will no longer need any insurance coverage after the initial level term period ends.
If you cannot be sure of this, Variable Universal Life outperforms the Buy Term scenario HANDS DOWN. If you want proof, I laid it all out in the Comments section of a question posed by Trade Info a week ago in this forum. Look it up.
Many insurance agents jump on the Buy Term bandwagon because it is an easy product to understand and sell. They do not have the knowledge and aptitude to understand the VUL let alone explain it to clients.
Do yourself a favor and find a Financial Planner in your area to assist you. Try the Planner Search feature at www.fpanet.org
AVOID anyone who tells you:
ONLY buy term
NEVER buy term
buy coverage equal to your salary multiplied by some number |
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