 Can you carry a life insurance on someone with out their consent? |
A lady was telling me her father had life insurance on her and she felt uncomfortable about it.
I told her, "he has to have your permission to have life insurance on you"
Then I ... |
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 Policy loan from life insurance interest pay to insurance company! why? |
| Any one can tell me, loan money from life insurance policy cash value intrest collect from the lisurance company, the cash value is my own money, should I paid intrest back to myself? not to ... |
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 My health insurance..... told me i wasnt sick enough?? |
| so here's my story..... i needed to go to the emergency room the other night. it was about 12am. and you know where else are you going to go when you need medical attention right away. and know ... |
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 Denied disability insurance? |
My father has COPD and hasn't been able to work for about 4 years he was turned down for dis.insur, because he didn't pay in enough something???
I don't under this, is he entitled?... |
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 How do the insurance companies view single folks? |
| What i mean is... i just was in my Bible study looking @ 1 Cor. 4 where Paul is talking about being single VS married. i made to comment, i've been told the insurance business willdoes consider ... |
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 Pregnancy and Health Insurance? |
| I just found out that i am pregnant and unfortuneatley do not have health insurance. My finace has health insurance through the union, do we have to be married for me to be put on his health ... |
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 Letting someone borrow your car? |
| my car is registered and insured by AAA and my friend has a valid license. is there anything i should be worried about letting him borrow my car for the weekend? i live in california. thanks!... |
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 Homeowner's Policy-Question about replacement value . . .? |
| I just got a notice from my insurance company that they are raising my coverage for replacement of the dwelling. This is about a 50% increase over what I previously had (just switched to this ... |
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 Should I quit or not? |
| My boss treats me like crap, and I feel miserable going to work. She will exchange comments that make me feel worthless, she even "jokingly" told me should would slap me across the face if I... |
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 Why don't insurance companies want to cover mammograms for women under 40? |
| They say early detection is crucial, and there are women as young as mid 20s dying from breast cancer. Also, not all women feel confident in knowing what they are doing when they are doing self-... |
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 Can you transfer your life insurance policy once fired? |
| If i'm fired from the employer providing my life insurance policy can I take the policy & pay on my own it myself or can i get the money back that i put into the policy or is the policy just ... |
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 Do car insurance companies cover car rentals for leisure? |
Additional Details
I'm asking if full coverage insurance covers the cost of the rental car...or at least a portion of it.... |
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 What is home contents insurance for? |
| is it just if your belongings get stolen? On my policy it says that laptops are covered, but is ot of tehy are stolen? I broke it and i wonder if i shoul have taken accidental damage cover.... |
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yogi4yony | Why insurance companies get richer n richer while insurance was suppose to not make them richer?????????? |
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geeeezzzzeeee
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Insurance companies, like life insurance, started out simple with one product for a certain price according to your age. They take the risk that you will not die earlier than the majority of people. It's gambling basically.
Now where the jerks make the money (and of course most people dont know this), is they take the simple life insurance (Term Life) and add on bells and whistles. "Oh lookie at this! You can invest also with this Whole Life Insurance! You will have money to send your kids to college! Or take out anytime you want!"
Now what they don't tell people is you pay twice as much and they don't start saving your extra money your paying each month for 1-3yrs! You just lost money!!!!!! Then when you do have savings they will only let you take out your money if you borrow it at a 6-8% interest! You pay them for your own money! And if you do die; God forbid; and say you have 100k of insurance on you and 20k in savings your family does NOT get both! They get one or the other! It's in the life insurance contract! Most companies are screwy, be careful who you buy from.
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Tom Z
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You don't want your insurance company to make a profit?
Here is a pop quiz for you - Choose A or B
A. I want my insurance company to make a profit in most years and to be financially sound so that in the event of a natural catastrophe my company will be able to pay for the damage to my home and others.
B. I want my insurance company to lose money in most years so that when it has to pay my claim the company has no reserves to draw on and then becomes insolvent or bankrupt.
A or B? |
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car253
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Insurance companies are in the business of trying to make a profit.
They have good years and bad years like every other business.
What is your question? |
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justin c
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What are you trying to say? Businesses are in business to make money, not break even. |
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MSAD
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Insurance companies are a business. Not charities.
Like any other business (including banks, your doctor, your grocery store, retail stores, etc) if they do not make a profit they will go bankrupt and cease to exists.
Insurance companies make most of their profits from investments. These are re-invested back into the company in the form of equipment, training, buildings, reinsurance and reserves. (reserves are the money they set aside to pay your claims.). As the cost of vehicles, health care, fraud goes up--- more and more reserves are required. |
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fcas80
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Most insurance companies are for-profit businesses. Their goal is to make a profit for their stockholders.
If you think insurance companies are making excessive profits - become a stockholder yourself and share in the profits. |
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mbrcatz
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Insurance companies aren't getting richer and richer. If you truly believed that, you'd put your money where your mouth is, and buy their stock.
Me, I don't buy insurance company stock. Coca Cola is MUCH MUCH more profitable. |
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Richie Rich
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You have it wrong. Insurance companies are in the business of making money. The owners of the policy are not supposed to profit from insurance claims.
In other words, you the policy owner, legally can not profit from an insurance claim. The company that backs the policy makes a killing off of your premiums. |
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