i have just been put on blue cross blue shield, but it doesn't go into effect until Oct. 1, and i just found out that i'm pregnant. will they cover the pregnancy? are they allowed not to ...
I was trying to get covered by a doctor (need to see doctor before I can get surgery), but when he called my insurance company he said that I had a deductible so I had to pay out-of-pocket. What the ...
happen. He now said leave it up to god hands as he can get no help and everything cost to much.Insurance etc see he owns house but is losing everything but until then we casn not get him the help he ...
We had 4 offices leased out and now only 1. What we are paying per square foot is very expensive compared to what is on the market today. We want him to renegotiate the lease, but he is not willing ...
My son is 6 months old, and since he's been born, we keep getting sales materials from Gerber regarding their Whole Life insurance plan. It sounds great, but I am clueless about this kind of ...
Question about wills. If the will says that A B C should get a certain % from the death insurance. But the death insurance only list A person. Does that mean that will is avoid and A gets the death ...
My husband has been 100% permanently disabled for the past 6 years. Because of his disabilities, I cannot work outside the home - someone has to be here to care for my husband. We live well below the ...
My mother is 55 and in a nursing home. She doesn't have any life insurance right now and is not in the best of health. Is there a company that will insure her?...
5 months ago i knocked 2 front teeth out at work. an honest accident. bungie strap that is used for holding down loads on trucks and trailers broke and hit me in the mouth. filed a workers comp claim ...
i want to take an insurance cover for 15 yrs and my age is 25. thanks....
Robert M.
What companies that buy term life insurance ?
I have a extra term life insurance policy on me and I am wanting to get out of debt and have money too. I have seen some commercials in the passed that buy Insurance policies from people for a part of the face amount of the policy but I can not remember what company that do's that. so that is my question.
As mentioned these are companies that basically con money out of you.
If you are diagnosed with a terminal illness these companies will pay you a portion of the benefit amount if you sign the policy over to them. (IE: If the benefit amount is $100K, they will pay you $90K now if you sign the policy over to them so when you die they get the whole amount).
Most insurance companies have clauses built in there you can have the living benefits paid out in full if you have a terminal illness.
If you are in debt, these companies are of absolutely no use to you, unless you are going to die in the next couple months. IF that's the case, just have your beneficiary pay out your debts with the full benefit amount instead of a reduced amount.
Google search "debt snowball" to see a good strategy to pay out your debts. It's widely promoted by guru's like Richard Kiyosaki (Rich Dad, Poor Dad series), Dave Ramsey (Total Money Makeover guy), and most debt management companies.
Insurance Pickle.com
They'll buy it from you if you're going to die in the next year otherwise it has no value.
car253
That's a bad deal. They usually want old people's policy because they know they are ready to die and they bet they will.
They buy the policy for a reduced amount knowing full well they will collect the full amount soon.
Don't buy into that game. Its a scam.
bud68
Term life insurance policies have no cash value. It's like auto insurance - you pay a fixed premium for a set term of coverage.
Fera H
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