 Can my grandma get health insurance now that her husband has passed? |
| My grandfather recently passed away and my grandma had insurance through him at his job. Can she get health benefits now that she is on her own? And is there a way to see if he had life insurance. ... |
|
 Is home owner's insurance a requirement to have for a townhouse in California? |
Additional Details
What exactly does home owner's insurance cover anyway?
How is this different from theft, earthquake and flood insurance?... |
|
 How long does an insurance adjuster have to pay insured for there damaged personal property? |
| I had a house fire, and filed a claim for structure and personal property. It has been one month sense adjuster has received my personal property info, and yet no check. Just a bunch of lies that the ... |
|
 Does anyone else have to pay...? |
| for their car insurance? and how much is it. Not a single person I know has to pay and I have to, and I guess I just want to know that i'm not the only one (i'm 18, by the way and just ... |
|
 Help i need answers? |
| i am tied up at a hospital & i have a broken arm? i did not sign up for short time disabled at work. can i sign up for unemployment until i get back to work?... |
|
 Quick question about RENTERS INSURANCE? |
My fiance and i are renting out a house starting Feb. 1st.
After a year we have an option to buy the house.
Anyways, when we were looking at the house she said her dad wants us to ... |
|
 Falsely Accuse Car Accident: Person wants to file me as hit and run ? |
| I had a car accident and then gave the person who I had the car accident with my insurance information such as my policy number and driver license number. I then filed the report to my insurance ... |
|
 "I had gastric bypass surgery back in 2003, since then my insurance company has stopped paying for that surge |
| "I had gastric bypass surgery back in 2003, since then my insurance company has stopped paying for that surgery.. But since they paid for it in the beginning for me, wouldnt they be obligated to ... |
|
 How can I find out if a deceased relative left a will, and what happened to her property? (Pennsylvania, NY)? |
| Her holdings were quite substantial, with homes in PA and NY. Death was sudden, in July of 04. No one was notified. A "friend" handled the memorial service and cremation, and would tell ... |
|
 Can I use my flexible spending account through work for fertility / Infertility treatments for my wife? |
| I was wondering if the FSA (flexible spending account) can be used at at cryogen laboratory (sperm bank) and for IUI treatments? The IUI is done at a Dr.'s office so I would think that it could, ... |
|
 What are the most affordable insurance for teenagers? |
| I have a daughter who is about to get her license, what insurance do you recommend in California for the best rates and also what used car do you recommend that is safe and not that expensive for ... |
|
 Thinking about health insurance. How much should I pay a month? |
Right now I pay $400 a month for health insurance and it sucks because I still have to pay the first $3000 before the insurance company starts paying anything.
So my dilemma is that if I have a ... |
|
 My employer changed insurance companies and My eye doctor does not take the new company? |
| But I love my doctor I finally found a doctor I like and that is nice and patiend and explains things. So through my employer it cost me 5.34 a month I checked out individual insurance with the ... |
|
|  |
CH30 | What kind of life insurance do I need?? |
I am a single mother of a 6 month old. The father and I are not married, but are living together. We both realize that we need to get life insurance, but have no idea where to start. We are 30 and 35 respectively, both smokers and otherwise in good health. |
 |
 
Alexander K
 |
I think a term life insurance policy is your best bet. And believe it or not, I suggest that you get it for 10 years. Here is a trick... The rate for 10 years will probably be about 2/3 of that for 20 years. As time goes by the life expectancy generally goes up as well. So, unless you have major health issues 10 years from now, you will probably get another 10 years term for less than 20 years costs now. Perhaps you quit smoking by that time so it will be even cheaper. Don't bother with any "Whole Life" insurance policies or other junk similar to that -- this is all scam, and it's just the way the so called financial planners make money.
Now the coverage, you need to replace yourself for the child until the child is 18, that's true. Now don't forget that the child may be eligible for Social Security benefit if you die, so that lowers your insurance need. Also, insurance proceeds are tax free, so if you make 50K, than 300K insurance payout invested into a CD or good saving account will replace you for about 8-10 years.
Plus, you will not be driving to work, eating lunches, buying yourself clothing etc., which means that if you earn 50K per year, it is probably enough to have 30K per year to fully replace your income. Anyway, in my opinion if you're both healthy and the child is only 6 months old, I say if each of you gets 6-10 times your annual salary that should be plenty enough.
The idea is that you don't need to over insure yourself. Get just enough, since most people do not collect on insurance, but do pay premiums. |
|
Ron San
|
Good financial planners that market life insurance will do a needs ananlysis. For example, if he dies and had been earning $50k year, you need $830k of life insurance (if the $830k, earns 6% year = $50k) to replace the income the family lost. Term might seem cheaper, but if you still need life insurance when the 20 year term policy ends when your are 60 and at a new health risk, the premiums could be aweful. Smoker premiums are about 3x's that of non-smokers.
Wininbiz.com is a good starting point for general life insurance info, they even let you submit a referral request to legitamite financial planner/insurance agents. |
|
eg_303
 |
Oh just because you smoke and are 30+ I would suggest you get term life it's still gonna be cheaper than whole but just because you smoke I'm guessing over 100+ a mo or even more each I think. |
|
jbowler
|
Your get the most coverage for the least amount of money buying term life insurance.
You can buy 10 or twenty year fixed term policies, which means your premiums remain the same for the term period, but you have to reapply for a new policy when the term expires.
You will get much better rates if you quite smoking, especially in later years. |
|
j-man
|
I can't give you a black/white, yes/no answer. There is a lot of grey area, but I have noticed that most working families would do best taking out 20 or 30 year term.
If the purpose is to protect you child, then you should take out a policy that covers your life until your child is on her own. You may want to go longer than 20 years because after a child turns 18, they often still are dependent on their parents in one way or another. Do not look at any permanent policies if this is your primary concern.
If you also want to have protection for your estate when you die, or if you are looking for a place to have money grow tax free, then you would want to get a permanant life policy (whole life, universal, variable). The premiums on this are also much higher (4-8 times higher), but they never go up.
If you are not looking for that, then you should stick with 20-30 year term. |
|
pokerplayer528
|
Fortunately that's an easy one. Term life is your best bet. You need to figure out how much coverge you will need. Think about paying off the house, bills and college. That will give you a good place to start. Go to the following site and you can get a free quote to see what it will cost based on how much you want. Good luck. |
|
honest tea
 |
It's recommended to have a policy that will cover replacing you until the child is 18. (consider child care, household contributions, money you earn outside the home, etc.)
Some people feel that obtaining coverage that will replace you until the child is 12 is more than enough. You will know what's best. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 3 minutes(s) ago
| | | |
7 | 11 minutes(s) ago
| | | |
5 | 23 minutes(s) ago
| | | |
6 | 31 minutes(s) ago
| | | |
6 | 32 minutes(s) ago
| | | |
6 | 3 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
6 | 9 hour(s) ago
| | | |
5 | 11 hour(s) ago
| | | |
6 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
