 How much do you pay annually for health insurance? |
| Assuming you aren't provided it by your employer or are self-employed.... |
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 Confront Boss????? |
| I work for an insurance services. The office is just me and my boss. My boss wants to sell her business she stated in an email to another broker she wants to sell by June 1st. I found out because I ... |
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 I got a speeding ticket, but don't have insurance? |
| ok...i do not have insurance...i am not on my moms insurance...i was driving my boyfriends car...any ways...what should i do? i was thinking about getting an attorney to remove everything, or should ... |
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| When you buy something online..? |
| Should you get shipping insurance or is it just a waste of money?... |
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 What recourse do I have after being poorly rated for life insurance coverage (e.g. high rates)? |
| If I re-apply, is there a database that another insurance company can see that reveals the results of a prior application? Does the life insurance co. have access to any and all medical records, or ... |
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 If a credit card holder dies in a sudden accident, then is the family responsible to pay off the dues ? |
| The card is an insurred card and the premium was being paid regularly. Inspite of furnishing all necessary notarised documents, neither do the banks nor does the insurance company is working on it. <... |
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 My husband is trying to add my son (his stepson) to his health insurance plan? |
| I already have my son on my policy from my job. My husband was trying to add my son to his family plan at the same time he added me right after we were married, but my husbands HR director wouldn... |
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 What do you do when you have a totaled vechile and you are still making payments on and your ins. wont pay? |
| Please help i dont know what to do my insurance company is refusing to pay because my sister in law did no hava a current licences . and i can not sell it because we have 2 more years to pay it of. ... |
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 How Do I Get Insurance for a Married Teen Couple? |
Hello,
How do I get health and life insurance for a married teen couple?... |
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 Life insurance question? |
| Y do insurance companies call it life insurance? aint like we can insure our life and decide when we wanna die. it should be called death insurance since we cant use it until after we die. even then ... |
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 Health Insurance Question for child.? |
| I am 21 years old. I am in college. I am a Junior. I make about 8,000 dollars per year. I am having a baby in october. I am the father. I am getting married to the mother in July. What should I ... |
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 Life insurance? |
| WHO SELLS LIFE INSURANCE BETTER ON TELEPHONE A SINGLE GIRL OR A MARRIED LADY... |
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 My house & contents insurance has lapsed after direct debit was cancelled in error.? |
| I was away from home ill at the time & now I have to start again with a new policy. Should I stick with same company I have been with for over 20yrs & have never claimed from or should I ... |
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 Is Hillary Clinton's mandatory health coverage fair to young healthy individuals who dont want coverage? |
| As a young healthy self employed American I resent Hillaries proposal that I would HAVE to have mandatory insurance coverage. Why? to subsidize coverage for others, lets face it insurers want more ... |
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 Why do people gamble in life without life insurance? |
41% of U.S. adults do not have life insurance coverage. (National Underwriter)
Additional Details
Well Gem that sounds like a bad place for you guys, you need to sit down with a ... |
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 What is the view on Insurance agents? Is it a good and easy job to do? |
| If you tell your friends you are selling insurance policies, will your friends avoid your calls?... |
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 Where do I start with medical insurance? |
| I work at a small Real Estate comany as an office administrator, and no health insurance is offered. Honestly, I do not make enough to afford most of the plans I've looked into. On top of that, I... |
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beansprout | Why buy life insurance, if chance the company can't pay the benefit? |
Can someone please explain to me why anyone would pay for a life insurance policy (let's say a "guaranteed" whole life policy for simplicity) starting at age 40 and then find out after paying their premiums for 20 years on time that the company goes belly up and can't make good on the "guarantee" if they were to die the next day? How is this a guarantee? Basically you could end up putting thousands in a policy to find its forfeited some years later because the product really is not guaranteed..Seems smarter to take that money and invest, buy real estate, off shore accounts, trusts etc etc.. |
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Insurance Made Easy.biz
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Their has never been an insurance company go belly up and leave the policy holders out in the cold. The industry has always stepped forward and picked up the policies and covered them. (At least in the USA)
Remember insurance is not an investment. With insurance you could die the day you bought it and collect. Just like you can wreck you car the day you bought it and the insurance would cover it. Insurance is protection. |
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Richie Rich
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As some of the above have mentioned, the industry gobbles up the companies that go under just for the policies.
Even though there are around 500 companies today, compared to over 2k just 30 years ago, it was all consolidation. |
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insuranceguytx
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You just gave the reason to go with a strong insurance company, that is, one with a high (A or better) rating from A.M. Best or one of several other ratings agencies. These
rating agencies keep track of the financial strength of insurance companies. (Have an agent explain this further).
The insurance industry support each other and the states regulate each insurance company that does business in their state.
You can learn all about insurance (there are many websites) or you can learn to trust an agent.
src50, you state "the PRIMARY purpose of life insurance is for the benefit of your survivors - to replace your lost income should you die."
There are many SECONDARY reasons to buy life insurance like paying off any bills that might be left, leaving money for children or grandchildren (tax-free as well), bequeathing money to a charity or taking care of a dependent child throughout his/her life. Term insurance won't do that!
Many seniors these days will leave behind large medical bills (like nursing home bills and bills from people who provide care in the last months or years of life). Personal savings often are insufficient to cover these bills.
There is a place for both term and permanent insurance. In fact, MOST consumers would be well served to have some of each.
My $0.02
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Mark K
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Very true, most people can not afford the risk of their family losing their income. Term life is a good option as it covers you while you have a family and while it is in place you can save and invest to where you are able to self insure when the term expires.
Look at the rating on the insurance company as this should be from an independent agency that assesses the financial strength of the company. |
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src50
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The primary purpose of life insurance is for the benefit of your survivors - to replace your lost income should you die. If you pick an established, financially solid insurer, you won't have a problem. |
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MarshaMarsha
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The policy and the company are two different subjects. Choose a solid company and your policy is good. If you are nervous about investing choose term life. Short term cheap insurance. |
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Michael M
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It looks like you already got some good answers, but I'll add a little more explanation.
The "guaranteed" part is probably just referring to the fact that the rate is guaranteed not to go up and the benefit not to go down. They are also guaranteeing that you will have coverage as long as you continue to pay premiums. For example, they can't just drop your life insurance or raise your rates because they find out you are sick.
I doubt any insurance company or bank can guarantee that they will be around in 40 years. |
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betotron don
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northwesternmutual.com will help you find a comfort zone... |
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