 Uninsured Americans? |
| Why is it that 37 percent of the uninsured live in households making more than $50,000 a year? I make just under $50K, have a stay-at-home wife, 2 kids, mortgage, car payment and pay $800 a month for ... |
|
 What insurance agency has the cheapest rates for full coverage car insurance? |
| I need some cheap full coverage car insurance if you know a company that has cheap rates let me know please!... |
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| I would like to know is selling life insurance a good career oppertunity. I can tell that people are l little skeptical when it comes down to selling insurance, But I would like to know if it is a ... |
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 Workman's comp or Unemployment?? |
| Just curious. If someone got hurt on the job shouldn't they draw workman's comp? I know someone that this has happened to and she is drawing unemployment and has been for over a year. Does ... |
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 Life Insurance which one is what? level term etc, confused please help? |
| I am 25, my wife is 25 and my son is 4 yrs old. I think its about time i got life insurance. Im slightly confused because most of the websites i have visited offer insuance for term cover? I dont ... |
|
 My son's back pack was stolen at school this past friday and inside it was a very expensive ipod and his cell |
| phone. he's reported it to the school that it was stolen. is it likely that my home owner's insurance will cover this loss and will i need to file a police report in order to file a claim ... |
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 I just received a Speeding ticket for going 75MPH in a 55MPH zone.? |
| I'm 16 teen years old and my dad said if i got a speeding ticket he would take away my license what should I do. He is going to kill me. How should I tell him. Is there any way for the ticket to ... |
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 I got a letter from a life insurnace company that I own a life/annuity policy which I dont have. How come? |
| I got a letter from an insurance company (big, legit addresses)saying I own a life / annuity policy with them, and they give me a policy number, and ask me to send SSN/tax payer number back to them. I... |
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 Which life insurance is best for me? |
This is for usa
I am 20, my husband is 22, we have no kids yet. We currently rent an apartment, plan on having a baby in a year or two and buying a house in the next 5-6 years.
... |
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 Life insurance question? |
| My husband and I are looking into purchasing life insurance, and I'd like to get some input. (Although I give a lot of answers in the insurance category for other types of insurance, I don'... |
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 Hospital bills? |
| If someone was 77 yrs old and had medicare in the state of TN, will there be any bills for that person to stay in the hospital or will medicare pay it all? Or if medicare doesnt pay it all, will ... |
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 What should she do next about this insurance claim? |
| My niece's 3 year old fell into a drain on a platform on the National Rail network. I won't exaggerate, it wasn't a big drain, and it was one leg that went in but he did scrape his leg.... |
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 I fell at work today and they let me off early. Do I get reimbursed? |
| I'm 15 and I work at Dairy Queen. I slipped and fell on a wet floor today while holding a cup of open soda. I fell right on my tailbone and soda fell all over me and my hair was totally drenched.... |
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mitlehmukle | What's the best type of life insurance to buy? |
Is term better than cash value? or vice versa? |
 |
 
Financial JUSTICE
|
As any financial expert would say, term insurance is the best. Why is that?
1) Very low rate per unit (unit = $1,000 coverage)
2) Gives you freedom to save money wherever you want such as bank accounts, mutual funds, retirement accounts, education funds, etc.
3) Lets you rent wealth (term insurance) while accumulating wealth (investing the difference).
I would be careful when someone advise you to buy a very short term policy such as 1 year, 5 year, and even 10 year term. These policies are very very cheap in the beginning, but when you renew it over time, it becomes very expensive. You should buy long term policies such as 20 year, 30 year, or even 35 year because you are going to need that much time to build wealth. I highly suggest you invest in mutual funds because they are professionally managed and the manager has only one goal in mind, which is long term growth. |
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girlwhoknowsitstrue
|
Buy term and invest the balance in mutual funds.
Cash Value is not a good investment vehicle.
period.
end of story. |
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Rick B
|
LEVEL TERM!!!!!!
Never buy insurance combined with an investment. You will pay more and get poorer performance. |
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Robert J
|
Term is the best value. What you are buying is the actual insurance. What the insurances salesperson is going to try to sell you is Whole Life because they make a ton of commission. Stick with Term. Don't ever buy investments from an insurance company. |
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Hadley
|
The best type of life insurance to buy depends on your own personal situation, and your goals for the inssurance.
It is tru that many young families on a budget may buy term life insurance for 10, 15, 20 or 30 years to protect their family for several reasons:
1. Term insurance can provide rates and coverage that are guaranteed to remain level (the same) for the entire period of the policy. This is called Level Term Life Insurance.
2. Term life insurance offers you the opportunity to purchase the maximum amount of protection for your loved ones at the mowest cost.
3. With term insurance you pay only for the insurance protection, there is no investment. No cash value builds within the policy.
If you need life insurance to provide protection for a specific number of years, term insurance may be a good option. If you need life insurance protection for your entire life, whole life (permanent) insurance may be right for you.
The thing is, many people will have saved enough money to pay for their final expenses and burial costs by the time the are 75 years old. So, permanent life insurance may not be necessary for them.
You may want to compare all the benefits at drawbacks to Term life insurance and Permanent life insurance at http://www.term-life-online.com/term-life-insurance-vs-permanent-life-insurance.html
I hope that helps! Best of luck to you. |
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LifeInsuranceAgent
|
It depends on your needs.
If you are looking to cover a mortgage in event of your death, or to provide income replacement, you can probably get the coverage you need at the lowest price using a term policy.
If looking for lifetime coverage or to cover estate taxes, etc.. then a permanent lifetime policy may be best. |
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eddie
 |
As others have said, term is the way to go. It is much cheaper and gives you "pure" insurance, no "filler".
However, if you can't save a dollar if your life depended on it, then an insurance policy with a savings element may benefit you. They are known by different names but some general terms are universal life or whole life. But understand that you'll pay a hefty fee to pay for the insurer to manage your savings for you. |
|
PFS rep
 |
Please read. Look at your results. The answer is Term, only. Someone said above that term is usually only level for the first 10 years. Most agents are trained to sell short 'term'. At renewal time the cost goes up and agents make more money converting it to cash value down the road. It all depends on what the agent sold. The term can be determined simply by how long you need it. My personal life insurance is 30 year level premium term. They now offer up to 35 year level term.
Look up any financial guru, Suse Orman for instance, they say Term.
Hope this helps. |
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Richard_CA
|
Never combine your life insurance with your investments. Get term insurance. |
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aaron p
 |
I don't know, which cholesterol medication is the best?
We know nothing about you or your goals. Generalized and generic advice is usually worth what you pay for it. |
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john a
 |
Life and disability insurance |
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Margarita D
|
Basically some people say purchase a term life insurance policy and invest the difference for your retirement or your kids college funds, etc. The problem is that some people's good intentions about investing that money never happens or they choose the wrong type of investment vehicles then before you know it 10 or 15 years have gone by and they are left with a term premium they can no longer afford (most term life premiums are only guaranteed for the first 10 years) and virtually no retirement investment, mortgage payment fund or college fund. In addition no one can guarantee that you might not become disabled therefore losing your income and ability to save--you can purchase a disability waiver on most life policies to provide that your premium payments & therefore you policy is continued if you are disabled due to illness or accident.


Also note that with a Universal Life Policy you can borrow from the built up cash value and if you have been declared to have a terminal illness you can collect up to half of the face value from the insurance company (if your policy has a special endorsement attached) or you can have a viatical company purchase the policy from you.



My advice to most of my clients--buy a good Universal Insurance policy with a term rider so that you have all your bases covered and enjoy every day of your life--you deserve it!

Good Luck |
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