 Insurance claims query? |
| Where does an atheist stand against what is classed as an 'act of God'?... |
|
 Insurance with Pre-existing thyroid --Get 10 points!!!!? |
Hi All,
I was diagnosed with hypo-thyroid with a insurance that I left long back, now my doctor was contacted by my new insurance and they told them its existing. My insurance won't ... |
|
 How can I get free/cheap medical insurance, I'm 14? |
| I need to have medical insurace in order to partipate in a sport at my school, but I never had medical insurance and havent been to a doctor since I was 7. My parents said to just not take a sport so ... |
|
 Is it worth getting Home content insurance ? |
I have about 6k worth of home cinema gear , Should i get insurance ?
My main question is , say someone steals it how easy is it to make a claim ?
Do these insurance companys pay ... |
|
 Fire fraud? |
| who do i conrtact if i think soemone started tehre house on fire to not make payments and collect insuarnce. cause they bough ta new house putting people in danger next ... |
|
| Does insurance cover a car that got in a wreck when breaking the law? |
| i had a friend drinking under age and drove and total her car will insurance she has cover it?... |
|
 Health Insurance with a congenital heart defect? |
| I need to purchase private health insurance for my son, who was born with a congenital heart defect. He has had surgery to correct (3 years ago) and requires no additional treatment. He does see a ... |
|
 Why are there people that are uninsured? |
| I know this may sound silly but i only know what I do from my limited perspective. Im my state we have medicaid and health plus for low income families. Can someone explain to me why is it that with ... |
|
 Can i buy life insurance after heart surgery? |
| I bought 30yr term @ age 40,am now 47. 4yrs ago i had a heart bypass. In 5 yrs my premiums will be out of reach.Any thoughts?... |
|
 Anyone ever hear of AmeriPlan?? |
| What are your experiences? Do you use their services or work for them??... |
|
 Is the worse job you can have wearing a suit Insurance sales? |
| Wow, every email I get in my Careerbuilder account is an offer from some insurance group. I really did not realize there were so many out there lol. This job has to have a huge turnover rate for new ... |
|
 Claiming Independent = No health insurance? |
Hi!
I'm 22 years old and a full-time student. I'm currently receiving health insurance from Cigna through United Space Alliance under my Dad. I'd like to file my taxes as an ... |
|
 How can I find out if my neighbor has homeowners insurance and what company it is with? |
| I am trying to file a dog bite claim against my neighbors insurance, but I do not think he is responding truthfully about his insurance policy. He denies having insurance that has personal liability. ... |
|
|  |
Mrs.Kat | Which is the better option for life insurance, whole or term? |
|
 |
 
Doing the Right Thing
|
Term insurance is always the best choice, especially when you invest in tax-deferred accounts such as IRAs, 401k, and so on. That way, if you die during the term, your beneficiary will get the death benefits and your investments.
With whole life, they are very expensive products. While cash value does grow tax-deferred, you lose the cash value when you die. If you ever want to use the cash value, you have to borrow and pay it back.
Today, all financial experts will agree with me that term insurance and investing the difference is the best way to protect the family. However, life insurance agents will say that term sucks and cash value life insurance are better. |
|
swenjj
|
term is cheaper but you cant say its better in every position, i would love to be able to get whole life insurance, i want it because its permanant,not for the savings, but my health isnt the best so i cant get it, at least not for any reasonable amount right now |
|
kidd3422
|
Term is good for a period of time, usually when you've got a mortgage, kids, and bills. Term is cheap and is there to make sure that your family and things are taken care of during that covered period. Whole life is there to take care of final expenses when you pass away. (funeral expenses, probate, hospital costs) Things of that nature. Whole life policies should usually not be more than 30k at most because they will also build cash value and usually make the face value higher. Life insurance reallly just depends on your situation. |
|
some advice
|
Here is a tip. Look for a company that offers both and that has a convertability option. Here is the deal: you know you could pass a physical now, but what about in 20 years when your term policy expires? Having guaranteed convertablity means that if your health goes south, you can still have an option of maintaining coverage for your dependents for the rest of your life. Life insurance is a bad investment, but investments are bad life insurance. Both are pivotal in a quality plan. As for the ever present term vs. whole life argument, while each clients needs are different, if we located the top 5% of wealthiest Americans and asked them what they had for coverage, they would say whole life. Do you think they might know what they are doing? |
|
529s.com
 |
Ask yourself how much life insurance do you want to have after you retire and pay off your house. Thats how much whole life insurance you should have. The rest should be term insurance. |
|
mackelcw
 |
term, if your over 30 years old, whole life if your younger |
|
mbrcatz
 |
Term, IMO. Of course, before you buy insurance of ANY kind, you need to have a GOAL. What do you want this product to DO for you, and for how long? See what meets your needs, not the other way around! |
|
pater47
|
Definitely term. Whole life should be outlawed. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 27 minutes(s) ago
| | | |
8 | 43 minutes(s) ago
| | | |
8 | 55 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
7 | 1 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
