 What other options apart from Life insurance? |
I can't get any life insurance for various reasons, but I want to provide for my family in the event of serious illness or death. Are there any other options?
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 What is the procedure to claim insurance for a stolen bike? |
| my brother's herohonda is stolen ? he has done it's insurance in orientalinsurance company. he has also reported to the police regarding this.the case was happened before 2 and 1/2 months . ... |
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 It is not better to get insured in young age rather than to become old.?why? |
| i wann ask question which is related to insurance & i need this answer in very well manner. plzzzzzzz reply my question, that which one is better either to get insured in young age or in old age ... |
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 Purchasing life insurance on relatives who are aging... A weird and morbid question.? |
Please comment on the ethics of purchasing life insurance on ailing relatives who have proffered the suggestion that you should purchase life insurance on their lives with you as the beneficiary?
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 What is you view on a cashless society.? |
| I have just read a artical on cashless society. A Microchip can now be injected under your skin that as all your info, such as ID, passport and medical records. Kids will be allowed to have credit ... |
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 I like to get insurance on my belongings. How do I go about it ? |
| I do not own my place, I just rent it, but I have lot’s of nice stuff and like to insure everything. I mean, if the place burns down, or somebody breaks in I like to be covered. I’ve heard, that ... |
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 Should we be penalized for another's health insurance usage? |
| Our health insurance rates are increasing another 25% (went up 15% last year, 5% year before). Enough employees were concerned to inquire, "why all the increases?" The company explained due ... |
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 Should I put my husband on my dental/health insurance if he already has his own insurance? Does it matter if? |
| we are on each others insurance? He says it doesn't cost him anything for his so why should he cancel it. I just don't want some big discrepancy between the insurance companies when ... |
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 Does it make sense for a wealthy person to pay for health insurance or just invest their money & pay for? |
| health needs of the interest of their money? Please, no junktastic answers. Only if you have true knowledge in finances. Thanks so much. :D... |
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 Time to get life insurance during economic crisis? |
Would it be a good time to get life insurance during financial and economic crisis? Because i heard a lot of people talking about getting life insurance.
T... |
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| What do financial advisors think about universal life insurance? |
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I was looking at MetLife Guarantee Advantage Univeral Life, and i was looking at buying it directrly from the agent not thru a fee only ... |
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 Term mortgage insurance.Who gets the house? |
| Im thinking about getting mortgage insurance on my home. This is my first home and i dont have it mortgage insur. now. How much does term mortgage insur. normally run and who gets the house if i pass ... |
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 Insurance: The Ultimate Gamble? |
My hubby and I debate this all the time, he wants to insure everything we own. I say it is like betting against yourself.
You are betting you are unfortunate and have an accident, or ... |
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 Is it customary to make a check out to an insurance broker (instead of the insurance company)? |
| I am applying for personal liabiility insurance for private educational consulting and the application says to make the check out to the broker...that seems weird to me...does anyone know?... |
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Katie | What are some situations where life insurance is not needed? |
I need this for a financial planning project. i need to find out when life insurance is not necessary in a situation |
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Faye H
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The purpose of Life insurance should be to protect against the often large financial burden created by an unexpected and premature death. If life insurance is in effect at death, the insurance company will pay the death benefit to the beneficiary named in the policy, subject to policy provisions. Life insurance benefits protect a business or family when they may be most vulnerable to the problems caused by a lack of ready cash.
If no one is counting on you for financial support, e.g. your children are grown and on their own, and there is enough money in your estate to pay final expenses, then you don't need life insurance. |
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NHMike
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There are two main reasons to buy Life insurance:
1) Create an estate, i.e. to provide for your survivors
2) Protect an estate (from the burdensome "Death Tax")
If the proposed insured has substantial liquid assets, the life insurance would probably not be necessary. |
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mbrcatz
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When you have sufficient assets to bury yourself, and no dependents. |
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paynemdp
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Let me turn this around. What is the purpose of life insurance?
Is life insurance for YOU or is it for your SURVIVORS, whomever they may be.
Of course, the answer is....your survivors.
Therefore, when your assets more than exceed your liabilities and income earnings potential for "x" number of years until your wife and children (survivors) are supported, you don't _need_ life insurance.
***Quick Aside*** What do you think of life insurance policies written for children? Again, what is the purpose of life insurance? Unless the child is supporting the parents or survivors and defies actuarial charts, it's not a wise decision.
...despite Gerber's attempts to make the emotional appeal to parents and grandparents to buy life insurance for the children. |
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Dusie
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If after you die, your estate has enough money to 1 bury you and 2 provide for any minor children. |
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Lone Papa
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Life insurance is not for you but for your beneficiaries. If you have none, then the only need for LI would be to clear up debts for whoever handles your estate. If none, then a final expenses policy is all that is needed, but those expenses can be easily covered with accumulated assets. |
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luvinforkful
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Hi, your question has been sufficiently answered, but I wish to answer some of the answers:
(1) Not all life insurance is the same. You may have 'riders' or further options that, if selected, you get more benefits. One of them is terminal illness. So yes, life insurance can be GREATLY needed for terminal illness and it's super-expensive hospitalization costs
(2) The person has a good point: why insure children when they don't provide income? well, for one thing, when you insure a child with some form of permanent life insurance, it's very inexpensive. Because the cost stays the same for the person's entire life, one saves BIG bucks. Case in point: At 48, I purchased a 110K policy and have to pay $116 per month. A toddler can have a 100K policy....with the same benefits as I...for under $30. THAT's why you have to be insured as young and as healthy as you can get! As a footnote, should the tragic moment ever happen where a child passes away, I know that I, the beneficiary, would feel immense guilt if I ever used the insurance money for anything other than the best funeral that could be provided (a final proof of how much love for the child) and donate the remainder money towards a cause that would be in honor of the child |
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mommyme
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when you not married and don't have children it really isn't necessary |
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Financial JUSTICE
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when you have lots of savings built up and that no one is dependant on your income and you have no major debts left such as mortgage. |
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SG Elite
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When one has a terminal illness. |
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