 Will my husband get my life insurance? |
| If I am still legally married but seperated for the last 8 years can I make my boyfreind benificery on my life insurance without giving my husband any? I live in T... |
|
 How much would a million dollar insurance policy cost for one day? |
| I wanted to have my wedding outside on the campus of my university but they are wanting us to take a million dollar insurance policy for just that day. Would it be worth it for me to do this and how ... |
|
 Scared of picking wrong health insurance!!!!!!? |
| In lieu of "Sicko", and reading so many horror stories on health care denials, unpaid claims, etc, etc; it really has me scared to pick an individual plan. I keep hearing that most of ... |
|
 Insurance fraud question? |
| Hope u guys can settle an argument. My mate has accidental damage insurance via his home insurance. His stereo is pretty old and he told me he could buy a really good, but damaged one dead cheap, say ... |
|
 I need to see a neurologist but don't have health insurance. Anyone have any suggestions? |
| Neurologists offices will only let u in the door with insurance because its too expensive. Of course to see a neurologist there has to be a possibly big problem, this has all been very stressfull and ... |
|
 Anyone know why I cant cancel my Health Insurance through my employer until "open enrollment"? |
| We pay $800 a month and realized that we wouldnt spend that much if we paid cash. My husband tried to cancel it and we were told that we had to wait until open enrollment to cancel it, unless we had ... |
|
 My doctor just gave me a slip to give to my work that says I should be temporarily disabled until 11/20/2007? |
The reason the doctor gave me the note is due to a knee injury that I have. Now my question is this, the injury was not work related so can I collect disability ins. during this time off???
... |
|
 How much would you insure your hands or legs for? |
| It looks like my intended busness has just been ruined by a hand injury.... |
|
 Term insurance - Can it be cancelled? |
I have a 20 year term insurance.
I think I am paying too much now. Can I cancel it, and go for another one, where the rates are cheaper? What are the drawbacks of doing this?... |
|
 Does anybody offer job loss insurance? |
| I was just wondering if any insurance companies offer insurance that will cover your living expenses (regular bills, mortgage payments, etc) for say 3-4 months in the case of a job loss? Is there ... |
|
| Moving into a new apt, going to get Renters Insurance? |
***how exactly does it work, i understand the basics but what if i do get robbed do they just hand over the check to me?? what if only some items get robbed??
***was it a hassle for you ... |
|
 What else should i put in my cover letter? |
| Tomorrow i will be sending out my CV to various retail shops, and i'm currently stuck on what else i should write in my cover letter. What else should i put in it/what should i take out/what ... |
|
 Why can't my Husband get approved for Health Insurance when I am the pregnant one? |
I am covered by my job. He got denied because I am 5 1/2 months pregnant?
Additional Details
nope I have my own coverage...he just didn't like his old coverage and he wanted ... |
|
 How long does one have to have stopped smoking to see a significant drop in life insurance premiums? |
| If you are/were a smoker, at what point do life insurance premiums for a quit-smoker equal that of a non-smoker?... |
|
|  |
osocandeloso | What is best universal life or a 35 year term? |
|
 |
 
Doing the Right Thing
 |
35 year term because premiums are low and remain level for 35 years. You can buy lots of coverage for low amount of premium. Plus you can save your money in a savings vehicle like IRAs, CDs, mutual funds, savings accounts, and so on. There is no such thing as borrowing when you keep your savings separate from life insurance. If you die during the term, your beneficiary will get death benefits plus your savings and investments.
Universal life has flexible premiums. There are two types of premiums you can pay. There is minimum premium, which closely resembles term insurance and the target premium, which closely resembles whole life. If you pay the minimum, there is hardly any cash value growing. If you pay the target, the cash value will grow faster. Like all other cash value policies, if you want to use the cash value, you have to borrow it. If you die someday, you lose all cash value. |
|
eofficialsexnews1
 |
some good ones |
|
Brick
|
This depends upon your age. Remember the objective here is to protect your family or loved ones in case you die young.
So you want the most protection at the least cost. Term will give you that.
Insurance should not be looked at as a savings program -you can do better in regular investments like 401K or IRA's.
Since Term does have a finite end date you may want to start with a Universal Life and when you are still young -before 50 get a good term insurance program. (The costs of the insurance is lower the younger you are)
If you plan right by 65 you may be able to drop life insurance since by that time(if you are lucky) your retirement program will sustain you whether you are dead or alive. |
|
Paula W
|
Depends on YOU and YOUR goals: WHY do you want the insurance? WHO is the beneficiary? how OLD are you? will the beneficiary have another income at a later time? (like an annuity or retirment)
People get life insurance to cover the lack of an income (the income from the death person) You want to make sure that your survivors will be able to keep the same standard of living that they have now.
Let's say you want to cover your wife and your kids. let's say that your kids will be in school for another 10 years and your wife will get her retirement in 15 years... then you will only need to be cover for the next 15 years. kids will not be over school for the next 35 years? Then you need to be cover for the next 35 years (rare situation)
How old are you? 20s? then you will be covered until 65 under a 35 year term... 50s? do you really need to be coverede until 85??? most people don't, since they have some other kind of income after their retirement age...
another important question is "how much insurance will you need?" The best bet: enough to cover 20 years of your actual yearly expenses.
On a regular situation, your best bet will be to have term life insurance and invest the diference. Permanent life insurance is usually more than 3 times more than term life insurance.
You can check out some quotes online and go from there (accuquote.com, esurance.com, and all the main ones: aol, yahoo, etc... just type life insurance and you'll see a TON of sites) |
|
ARE BEE
|
There is no right answer until you know more about the individual goals. Both Universal life and Term life are excellent policies but the best policy depends on needs and circumstances and the ability to pay the premiums. If you have lots of money the index UL is excellent especially if you over fund it and pay for it in full in four or five years, be careful it does not become a MEC (modified endowment contract) because of tax reasons. If you don't have a lot of money and need the life insurance then term is the obvious answer to your problem.
An insurance agent should know this stuff! |
|
Rob D
 |
Universal life doesn't have a term. It remains in force as long as the cash value is sufficient to cover the mortality and administrative expenses of the policy. I know of no term coverage in excess of 30 years, so if you want coverage to last 35 years for the least premium, UL is likely your best choice.
Have your agent illustrate the policy to last 35 years at the minimum guaranteed values. This will determine the lowest premium that will be guaranteed to keep the policy in force.
You will also want to compare this illustration to whole life. For little more premium than illustrated above, you can have a policy whose dividends will likely pay the premium for you after about 12-15 years. Keep in mind, however, that dividends are not guaranteed. |
|
sagegranny
|
Depends on the age when the policy is given
Universal life by far is the best investment.
Term life imo is a waste of money. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 39 minutes(s) ago
| | | |
7 | 47 minutes(s) ago
| | | |
7 | 56 minutes(s) ago
| | | |
7 | 1 hour(s) ago
| | | |
7 | 3 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
7 | 9 hour(s) ago
| | | |
7 | 1 day(s) ago
| | | |
4 | 6 day(s) ago
| | | |
7 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
