 Legal or illegal life insurance policy? |
| My friend says it is legal and accepted to be able to take out a life insurance policy on an adult without their knowledge or signature and I say that it is not allowed.... |
|
 Do you think everyone needs life insurance? |
| I am 24 years old and someone I know wants me to get life insurance from them but it is only a 20 year term policy what do you think is the propability that I will actually die in between then and ... |
|
 What is the definition for "unoccupied" when applied to house insurance? |
| I am planning to be away from home for three months at the beginning of next year, but my policy says the house can be unoccupied for only 45 days in one period. If my sister stays for 1-2 nights in ... |
|
 My husband beat me at our neighbors house party. Can I sue their homeowners insurance for my pain, suffering? |
| They provided all of the alcohol and no food. I will not expand upon many details but this was a serious situation and our neighbors are sueing us for their son falling down at our house. I do not ... |
|
 Which is the best car insurance? Are there secrets your car insurer won't tell you? |
Automobile insurance coverage options can be confusing and their prices vary from company to company...( Geico,Allstate,AIG
Progressive and many more)... |
|
 I am pregnant but can not afford to go to the doctor HELP!? |
| I have insurance with a $2500 deductible and my insurance only allows my dr's office to charge $1600, but they want it all upfront and will not allow me to pay payments. I am almost 5 months ... |
|
 Who should be respondsible for rear-ending someones vechical? |
| I was rear-ended by a vechical while sitting at a red light and have damage to my bumper. I got whiplash along with my children, we are receiving care for our injuries. who should be responsible for ... |
|
 If my neighbor's dogs were to cause me to injure myself on my property, who would have to pay medical bills? |
| My neighbor lets his two BIG dogs out a couple times a day for a few minutes. I am very afraid of dogs. Sometimes they come into my yard as I am walking up very steep stairs. I'm afraid that I ... |
|
 What whole life insurance policy is best for a 24 year old? |
| I have a policy from New York Life, but 2 of my friends who are financial planners, say Mass Mutual would be better... there's a bunch of baloney I'm not understanding i.e. guaranteed ... |
|
 Are Insurance companies fair in their claim settlements ? |
| Insurance company promise fast settlement, however the truth is far cry of their promise..they seems to be more concern to find reasons to delay and or repudiate claims.What about their social ... |
|
 Electric company fried my PC? |
| I rent out my house. On the power pole across the street a splice pulled apart on the wire coming from the transformer to the house. This caused a surge that fried the mother board on my tenant'... |
|
 Car insurance deductible? |
| Okay.. soo i have mine on $1,000. does that mean even if i total my car i'll only have to pay $1000? im confused ... |
|
 Do you believe medical insurance should pay for breast implants? |
| Vasectomy, chiropractors, accupuncture, penile enlargement, orthopedic shoes? Why? Have you used it for such?... |
|
 Can I recieve Unemployment and still go to school? |
| In the questionaire they ask for CA. If you plan or are going to school?If you answer yes will that hurt your chances?... |
|
 I don't have a house or anything but I do have a lot of life insurance so do I need to have a will or anything? |
| Since I have 800,000 in life insurance someone told me that I would need to have a will disbursing how much each child or family member should get from the insurance check is this true? I have never ... |
|
 Why do Life Insurance companies gladly sign you up taking your money only to end up? |
investigating you soley in order to deny your claim?
Instead, why don't they do their due diligence prior to signing you up, then you can rest in peace knowing it wasn't a waste ... |
|
 Insurance complaint? |
i just insured my car and my previous insurer will not send me my no claims forms for me to show to my new insurance company
which is resulting in my insurance going up £500 is there any where ... |
|
 How is life insurance profitable for insurance companies? |
| How can they pay out all of that money when someone dies when the payments towards the company haven't exceeded the payout to the customer? Can anyone explain where their profit comes from, ... |
|
|  |
hindyog | What is the best kind of life insurance? |
|
 |
 
mbrcatz
 |
The one that meets your preset goals at a reasonable cost.
No one here has ANY idea what your goals are, so none of us can answer the question with more detail. |
|
walt17jr
 |
Term life is definitely the best. You don't need to combine investments or savings with insurance. You can always do better if you keep them separate.
Examine your financial responsibilities. Kids, spouse, debts, etc. Then estimate how long you will need insurance to provide for those needs in the event of your death. That is the length of term you need to insure. |
|
Hadley
 |
The best kind of life insurance is the kind that protects the financial future of your loved ones while meeting your needs and fitting your budget.
Accidental deaths happen every 6 minutes on average in this country - National Safety Council - So don't wait until it's too late.
The cost of term life insurance has declined by about 50% since 1996 - www.NPR.org.
Many Americans choose term life insurance because it offers the maximum amount of protection for the lowest cost.
Of all types of term insurance available, 97% of Americans purchased Level Term life insurance in 2005.
Level term life insurance offers rates and coverage that remain level for a specific number of years, usually 10, 15, 20 or 30 years.
If you are young, have a family, or are on a budget, term life insurance may provide an affordable option for you.
Make sure to consider the financial strength rating of the life insurance company before you buy.
Also, consider paying your premium on an annual basis, if you can, this may lower your premium.
Also, if you decide you need $180,000 coverage for example, try comparing rates at $200,000 and $250,000. You may find it's not that much more expensive. Also, try to get coverage before your next birthday to lock-in a lower rate.
I hope that helps! Best of luck to you. |
|
Insurance
 |
term insurance that will refund all your premium paid at the end of term is the best life insurance protection ! |
|
Common Sense
|
20, 25 or 30 level term.
For 97% of us it's the only type that makes sense.
Whole Life and Annuities are the best products for the sales rep. A Whole Life Policy can net 90% of the first years premium to the agent. Annuities pay better (over the long term, to the seller... not the buyer).
BTW: It's against the law (in many states) to imply that a Whole Life Policy is an investment. |
|
Angela S
|
Of all the term life insurance policies sold, only -5% actually pay the claim because the person is alive when the policy expires.
Do you know when you are going to die? NO? Buy permanent. Of course it's more. It's the difference between living in an apartment (term) and owning your own home (permanent/whole). If you miss a payment on a term policy, it's cancelled. You have to reapply, and at a higher rate. What if you have new health problems? What if you are much older? Too late.
With whole life, the cash value can accumulate and be used for: retirement, college funding, emergencies, long term care needs, etc. It can even be invested in the stock market! Whole life is the way to go if you can. If it's more than you can afford, buy convertible term and convert it later. |
|
ben s
|
I would say whole life is the best. It has the most advatages to it. You could take out the money tax free, and the cash that you pay as premiums could grow over time. Alot of people here said term insurance is the best. While term insurance is a very useful insurance tool, it doesnt have any advantages to it. Once the time runs out on the term, you are not covered. You would need to reapply and go through the whole process all over again. |
|
daveguy48
 |
Great Question, one that needs to be answered!!! The type of life insurance that you need dpends greatly on your life situation.
It depends on what type of lifestyle you want your family to have.
I found a blog when researching this question that has an article explaining different forms of life insurance, I think it might help you understand the possibilities.
Its at http://www.finance-your-life.com/?p=17
I linked you right to the article to help you get there faster.
Happy Saturday!
Dave |
|
mpasnick
|
Most people a combination of a little whole life and a lot term is best. I would say for the most part term is pure insurance and a cheap temporary way to go , but it greatly depends on your needs and situation. If you have a large estate you will need some kind of whole life or second to die this is done with a financial planner. If you are in a second marriage or divorce situation you will need some type of trust arrangements. If you are young 30 or younger and in good health and can afford the premums universal or whole life than it is the best deal because it stays with you and becomes an asset. If you are in a pension trap you may just need a 5 - 7 year term.
My advice is this truly evaluate your needs and dont deal with a person that just pushes one or two products. |
|
Rick B
|
20 or 30 year level term. |
|
aaron p
|
The type that pays when you're no longer around. There are obviously different opinions about this. If you want an answer that deals more with your situation, talk to a fee-only financial planner. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 15 minutes(s) ago
| | | |
11 | 24 minutes(s) ago
| | | |
11 | 46 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 4 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 3 day(s) ago
| | | |
12 | 4 day(s) ago
| | | |
12 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
