My father needs life insurance and has health problems. He needs something with low monthly payments, but will provide enough if he has a natural death.
What are auto insurance rates based on and why do some companies cost more than others?
What are auto insurance rates based on and why do some companies cost more than others?
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Enrique
I recommend you this site where you can compare quotes so you can find the best option for you
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Michael Cage
Based on my research on auto insurance rates, it differs from one company to another but you could still find more about auto insurance quotes by visiting this website below for more informations.
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Ivan
Try a comparisson site, they are really helpful
My friend was severely injured while babysitting at her neighbor's house. Should homeowners insurance pay?
My 46-year-old friend was babysitting for her neighbors, in her neighbors’ home. The family dog knocked my friend down the stairs, causing my friend to break her jaw and wrist. She has spent many days in the hospital and will require lots of reconstructive surgery, to say the least! Medical bills are already piling up. Shouldn’t her neighbors’ homeowner’s insurance be covering this? They have not offered to contact the company and my friend does not know how to proceed. To make matters worse, the neighbor whose dog caused the injury is an insurance agent!
She was not being paid for the babysittiing. The homeowner (insurance guy) called, at the last minute, to say he needed my friend to come over to do him a "favor" and watch his kids, so he could take his wife out to dinner for her birthday. Does this influence the situation? Also, my friend’s health insurance is refusing to pay her emergency room bills because the only orthopedic doc on duty was "out of her network". No new (in-network) docs will now take on her case, because they say it is too complicated. She has had to "eat" through a straw and her weight has fallen below 100 pounds (she is 5′6"). Friends and family have been doing their best to help her with her kids/housework, etc. Because she is not able to drive, her husband has had to take time off from work to take her to doctor’s appointments. These people are her next-door neighbors and are fully aware of what is happening, but haven’t even called to check on my friend or offer help in the 3 weeks since the incident.
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David M
Two parts of a homeownwers policy handle situations like this. Medical Payments and Liability Insurance. Medical Payments does just that. Pays for medical expenses for injuries to anybody who is injured in a home whether there is negligence or not. Because one does not have to prove fault there is a lower limit on Medical Payments (typically between $1,000 and $5,000). For the liability part one has to prove fault by the homeowner before that will pay, but there’s also a much larger limit involved ($100,000 to $1,000,000 or higher). When fault is pretty obvious and the demand is not ridiculous most insurance companies will settle out of court. The fact that the homeowner is an insurance agent and hasn’t offered any of this up leads me to believe they are a turd. I would suggest that the injured party ask their neighbor for the phone number of their insurance carrier or their insurance agent and threaten to bring in a lawyer if they don’t. Then if they give up that information, call the company or the agent and try to reach a reasonable settlement. If they don’t give up that information or the company balks at a reasonable settlement, then call that lawyer.
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erin s
That’s an expensive babysitter!
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rainbowmatrixs
If they have it Yes.
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Dr. Deth
I would say they have to pay and if they don’t agree to cooperate, she should hire a lawyer
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jdt
I think that being in the insurance business, the neightbor should understand the need to get this taken care of properly.
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newjerseyguy
If it happened as you say, their homeowner’s insurance should pay, but she may have to sue.
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rangel
Yes, I believe that homeowners policies have a "goodwill" clause meaning that they’ll pay for an injured guest whether the homeowner was at fault or not. She should ask them to make a claim or find out their agent’s name and policy number and make a claim herself.
Good luck!
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JenasaurusX
ABSOLUTELY they should be taking care of her hospital bills. She surely could sue the hell out of them so I’m surprised they wouldn’t be doing everything they coud to get her bills taken care of and keep her happy.
I’m not an insurance person, I just saw your question and it seemed interesting. It does seem to me that property liability insurance should cover it, but don’t they usually have some kind of dog exclusion? I don’t know if that’s just for bites, though.
Tell your friend good luck and wish her a quick recovery for me
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tyesa_x
Yes, I would think her homeowners would pay for it.
She just needs to talk to the homeowner/insurance agent.
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Mezmarelda
As with all insurance policies, it all depends on the coverage the neighbor has bought and paid for. Otherwise they are responsible personally in any court in the land and will have to pay out of their own check book.
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Ruth C
she needs a lawyer. there are personal injury lawyers everywhere.
Homeowners insurance should cover it. If it doesn’t, the dog owners are probably liable for at least part of her medical bills. (Depends on camparative responsibility — this much her fault/this much their fault). A lawyer would know how to find out
and personal injury lawyers are the ones who don’t get paid unless you get paid.
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Alissa
Thats exactly why they have homeowners insurance. I don’t know how they should go about it but I think your friend needs to contact her neighbors and ask them for their insurance information so she can start a claim right away
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John J
The insurance company should pay but even if it doesnt the family is definitely liable for ALL of her medical bills and probably more.
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Kathy
they should definitely be offering to pay her medical bills. that’s an on the job accident…she could sue them for pain and suffering along with the med bills.
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r13rocket
Regardless… She should get her own house insurance company involved and they would get compensation for her. Do not delay, get a lawyer or send the bills to the dog owner. Accidents, regardless of where they happen, are paid for by the culprit.(sorry could not think of another word.) If a car hit her there would be no question. Also, include time loss from work and the other things like in home care, regardless of who provides it. Good luck
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Shannon R
People had to pay burglers in their house because they were hurt!
She should call her insurance company!! If she has homeowners, then she can use her insurance to go after their insurance company.
She could use her insurance for reliable info. She can use websites like Allstate or her agency to find info.
We will pray for her quick recovery. Good luck. -
Kelly
A homeowners policy doesn’t usually cover damages to persons on the property, however if they refuse to bare the hospital and other medical cost she can take them to civil court.
Good Luck
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saturdays child 56
She needs the advise of a lawyer badly. Her health insurance should be paying, but there are bound to be out of pocket expenses it won’t cover. Lots of lawyers advertise they don’t charge anything if you don’t collect. At least she should talk to someone before deciding what to do. As an agent, he surely knows "all the tricks" and is obviously not going to offer to help or make a claim or he would have approached her by now.
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LITTLE_JOHN
by all means………usually the underwriters has a limit of 100,000.00 per person per accident…..it will say on their policy….
as the very least, the neighbor should offer to pay the medical bills.
it seems as if the neighbor isn’t the friend your friend thought they were.
tell your friend to call a lawyer.
although it was an accident, her case is a clear cut.
washing your friend a speedy recovery -
Jamie B200
It should really be turned into the homeowner’s policy. If the neighbor isn’t going to do it, she has two choices. One, get a lawyer and sue. Number two, she can turn the medical bills into her health insurance, tell the carrier what happened. Her company will subrogate against the others homeowners policy. The only downside there is that she will have to pay her own deductible and hope to get it back.
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mbrcatz17
Well, not necessarily. Here are a few reasons why not:
1. She was doing this for MONEY, which means, it would be eligible for workers comp. Most homeowners policies EXCLUDE injuries to domestic workers. A very few will cover them.
2. The standard homeowners has a no-fault coverage called MEDICAL PAYMENTS It’s usually around $500. It frequently excludes injuries to domestic workers.
3. If injuries are more than $500, the homeowner has to be sued, and proven NEGLIGENT. I don’t know that a dog knocking her down the stairs, would be enough, for them to be NEGLIGENT. It really sounds like an ACCIDENT to me. Just because the accident happened at their house, does NOT Make them automatically liable.
Even if they ARE found libel (and she’s going to have to sue them, which means, hire a lawyer, if she wants to see more than $500), that doesn’t mean the HOMEOWNERS POLICY will cover her. Refer to item #1.
She can’t file a claim directly with her insurance company. Clearly, hiring a lawyer and suing them is going to end up in her not babysitting them any more. But I think that’s what she’s going to have to do, if she wants to get any real money. Because that $500 medical payments isn’t going to go very far. AND, hopefully she’s been declaring her babysitting money as income??
And if she sees a couple lawyers, and they won’t take it on contingency (no win, no fee; win, and they take 30% of what they get) it’s because THEY don’t think she’s going to win this lawsuit, either.
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williamsonjack
They should definitely pay, but they will not want to. Also it does not matter if she where being paid, that only matters for work comp. In any case she needs to find out who insures them and contact the company directly to file a claim. If she really needs help or has a hard time she may need a lawyer.
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stepfordmom75
Section 2 of an H3 contract covers liability. Limits will vary based on what the homeowner purchased for a policy.
In most states, coverage includes damage/injury caused by an animal in your care or control. You best bet is to demand the name of the carrier from the homeowners and tell them you will sue if it is not given to you. You can file the claim yourself once you know what company to call. -
Kim
YES, the home owner is responsible and all home owners insurance policys cover this.
If they are un-willing to supply the information to your friend, then an attorney will do the trick…and then because your friend had to get an attorney you can have the attorney ask for the home owner to cover the attorneys fee’s.
Please help me From where can I get best general knowledge questions about life insurance and other insurance?
I have to appear for an interview for the post of manager in life insurance. Help me please.
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Tom Z
The Insurance Information Institute has a great site to learn the basics about all types of insurance. Here is the link to the life insurance section: http://www.iii.org/individuals/life/
This should be a very useful site, it has life insurance tools, a glossary, downloadable brochures and even videos. And, it is free.
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mbrcatz
If you don’t have a license, you’re not going to get the job.
But the direct answer – you can find the BEST questions here: http://www.insurance-schools.com/free_insurance_exam.asp
The first set are free, then you have to pay for the rest. But they’re not going to do you any good, if you have no familiarity with the materials to begin with.
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src50
Check Yahoo Finance under the "Personal Finance" tab.
Cheap Life Insurance?
So I need a life insurance, and I don’t know what term, universal, and whole life insurance is. I don’t really have a budget, just under 300 dollars per year I guess. By the way I’m 13.
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gardenoflia
You’re 13. 1. You don’t need life insurance. No-one is dependent on you for income (I hope).
2. You cannot enter into a contract–you would have to be covered on you r parent’s policy. Many companies cover all children for one low annual rate.
Each child does not need their own policy (they’re trying to sell you whole life or cash value insurance, which is a rip-off). If you need to start saving and investing money, save and invest money. Do not bundle it with life insurance, which pays a death benefit.All life is insurance is term–and then they add on things, call it different names. You pay (dearly) for these add-ons. You will always want term. Buy term, invest the difference. When you are older, get some life insurance. Good rule of thumb is 10 times annual income.
PS: I hope you are not sick and dying, and this is why you want life insurance at such a young age. Insurance is based on age & health, so you have to buy it before you get sick, not after. Good luck to you. -
Kor
You are 13 and probably you have to purchase life insurance with your parent as the policy owner and with you as the insured. This is because you are not making steady income and sustainability is important when purchasing a insurance policy. It is ok to purchase a life insurance at this age if you are looking at accumulating cash value. However, if coverage is your main concern, then probably you will want to include coverage for disability and critical illnesses. Lastly, the most basic coverage is actually hospitalisation coverage. Make sure you got that first.
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car253
Why do you need life insurance? Are you in bad health? Are you wealthy and others depend on your income? You have to have a need or why get life insurance?
The cheapest life insurance is term. It simply pays out if you die for any reason. But if you don’t need it you don’t buy it.
What is the avg cost of customer acquisition for auto insurance companies?
How much on avg do insurance companies pay to get a new client?
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mbrcatz
It’s about $250. Renewing a policy, costs about 10% of that, so you can see it’s much more profitable for a company to RENEW (retain) a policy, than it is to write new business.
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The Dude
between 3 to 5k
what happens to money invested in whole life insurance if I live to 105?
I am 60 and bought a whole life policy about a year ago but what if I live to 105? Is there insurance available after age100?
,
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rcdrury
The death benefit is paid to you upon reaching the maturity age of the policy. If the maturity age on your policy is lower than 105, it would have already paid out and there would no longer be a policy.
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magicbird
I’m sorry to have to tell you this, but Whole Life Insurance is NOT a good way to go. Insurance companies like to sell Whole Life Insurance because it makes Big Bucks for them but it does so at the policy purchasers expense.
First ask yourself, "What is (true) life insurance really FOR?" Life insurance, in its pure sense, is meant to protect the policy-owner’s loved ones from catastrophic financial loss should the policy-owner die. It’s usually purchased by the breadwinner(s) of young families to protect the spouse and young children from financial hardship should they die (it’s called Term Life Insurance and it’s relatively very inexpensive because young, healthy breadwinners don’t usually die. The policies are usually set to expire in 20 or 30 years–but that’s okay, because by then the children are grown up and on their own and ideally the aging parent(s) have enough savings set aside by then to take care of themselves (they’ve put all the money they saved by NOT buying a Whole Life Insurance policy into the stock market or a savings plan).
So I have to wonder why a 59 yo woman (about my age) would want to invest in a Whole Life Insurance policy in the first place? Given the high premiums and the low return, what do you possibly have to gain by having such a policy? You aren’t protecting any dependents. You only come out ahead dollar-wise if you die soon, and what good is that?
If I were you, I’d discuss this with money-savvy friends (not including insurance salesmen); then, after hearing what they had to say, I’d cancel my WLI policy and put my money into savings instead. Be thankful that you’ve only had the policy for one year!
Good luck.
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Kor
just to answer your question: most life insurance matures at 100 and some 99. whatever cash value from the policy will be returned to you when the policy matures. you will have to use that money for the years beyond 100 which should be one of the purposes of buying this insurance in the 1st place.
if you have no dependants to take care of if things happen to you, then what is more important should be hospitlaisation coverage and not death coverage. you can consider maybe a small term life insurance for burial expenses. if you have lump sum to invest, you can probably consider annuity too.
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Shreeniwas Gadiyar
Check the policy document and also the insurance company website.
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Insurance Pickle.com
It depends on the policy. It’s usually designed to ‘endow’ at or around age 100 which means the cash value would be equal to the face value. Most policies now are usually set to continue to age 125 or even beyond.
Ignore the advice on opening a savings account, because last I checked if you put $1000 into a savings account and die you only get $1000 plus some interest. SO, if you need insurance the savings account just isn’t going to cut it. You’ll be the one determining if you need insurance and a term insurance policy for a 60 year old is counter productive if you want coverage for a long period of time.
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mbrcatz
Life insurance is primarily a DEATH PLANNING tool – unless you have a large estate and tax issues, if INVESTING is your goal, life insurance is probably the wrong tool.
Insurance isn’t available after the age of about 76.
With whole life, by the time you reach 95, your policy has "matured" – that means, you’ve paid enough in, that the cash value equals the death benefit. And then that cash value/death benefit gets paid out to you.
YOUR AGENT should be explaining that to you . . . and if you can afford a whole life policy at the age of 60, you should ALSO be using a financial planner to plan out your estate.
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Flower
Message to Kor: After age 60 many companies require you purchase a policy for $100K at least so it is difficult to find a policy just for final expenses. I have looked. I found that whole life is a better way because it pays dividends and you can use the equity to pay your premiums after a period of time. But getting a small one is not easy. The premiums were not much different than a term life but that is risky if you don’t die before the term is up, right? If you survive the term and they want it to be 10 years if you are over 60, you get nothing after paying premiums for 10 years. All you can do is to renew it another 10 years and then if you are dead, I dont know if it would pay off.
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Chris C
It depends what the policy book says. If the policy book says the coverage is only good until age 100, then after that you will get the cash value out of it and that’s it. Many policies these days offer coverage past age 100, but every company is different. Some companies offer Term to 100, Plus Values, some offer flat out whole life that doesn’t have an expiry date.
When to buy Home Insurance on new home ?
I am planning to buy a home . Close of Escrow is in 1st week of March but to process Escrow and Lending papers they need home owners insurance information . When do I buy the homeowners insurance ? Can I purchase it beforehand even though property is not under my name till close of escrow ? What if I buy it and deal does not go thru ? How does this process work.. Any feedback is greatly appreciated
Thanks
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Jim J
homeinsurance.awardspace.us – try this one. I just get home insurance from them. As I know they provide such a service.
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src50
Yes – you must have it in place prior to closing.
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atdale
I just went through this in August. I got quotes and picked one that I wanted. I told them the situation and they asked for my broker’s information. They took it from there. You will have to pay the premium upfront. Make the effective date your closing date. If the deal falls through, you can call and void it and they’ll refund you.
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mbrcatz
You can BUY the homeowners now, to be effective the date of the closing. If the deal doesn’t go through, you can cancel the policy flat and get all your money back.
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growing inside
You have to complete the process beforehand, with the effective date being the closing date, but don’t pay the premium until the closing date. If the deal does not go through, you can cancel the policy, no problem.
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DIANE G
based upon your situation,I think you should find something useful here http://www.InsuranceFreeTip.info/insurance-for-free.htm
When to buy Home Insurance on new home ?
I am planning to buy a home . Close of Escrow is in 1st week of March but to process Escrow and Lending papers they need home owners insurance information . When do I buy the homeowners insurance ? Can I purchase it beforehand even though property is not under my name till close of escrow ? What if I buy it and deal does not go thru ? How does this process work.. Any feedback is greatly appreciated
Thanks
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Jim J
homeinsurance.awardspace.us – try this one. I just get home insurance from them. As I know they provide such a service.
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src50
Yes – you must have it in place prior to closing.
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atdale
I just went through this in August. I got quotes and picked one that I wanted. I told them the situation and they asked for my broker’s information. They took it from there. You will have to pay the premium upfront. Make the effective date your closing date. If the deal falls through, you can call and void it and they’ll refund you.
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mbrcatz
You can BUY the homeowners now, to be effective the date of the closing. If the deal doesn’t go through, you can cancel the policy flat and get all your money back.
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growing inside
You have to complete the process beforehand, with the effective date being the closing date, but don’t pay the premium until the closing date. If the deal does not go through, you can cancel the policy, no problem.
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DIANE G
based upon your situation,I think you should find something useful here http://www.InsuranceFreeTip.info/insurance-for-free.htm
What is the major advantage of term life insurance over whole life insurance?
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TKH1401
hi,
the preimium of term life insurance lower than compared to whole life ins and every persons must hav term life as equal to your life value and as we know what is our life value, it is more than anything, so insures as much as possible, your dependents need this incase of any unhappy happend to you.
hope my answer will help you. -
Sharon T
Lowest cost which permits higher coverage.
If you want to invest for your future, do it elsewhere. Whole life insurance or any of the fancy products developed in recent years are designed to pay agents and the company very well.
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Judy
Google:
Suze Ormon – Why I hate whole life insurance.Stick to term – everything I have ever read or heard will tell you that term life is the way to go.
Whole life is profitable for the person that sells it to you – be careful whom you trust.
/ -
Rick B
Well, you pay for insurance to pay off in the event of death. you do this at the lowest price you can. that is what term is all about.
Whole life tries to include an investment account rolled in with insurance. Why would you want to pay a life insurance agent to invest your money and roll all that in with life insurance? That will give you higher costs, lower return on your investments, more complex rules and fees, etc.
Buy term and invest the extra money in stocks, bonds, CDs, Savings, etc, (investment vehicles).
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mbrcatz
Price. It’s a heck of a lot cheaper.
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vincent
you want to get term insurance while you are preparing yourself for the future.buy term and invest the difference in mutual funds for a period of 30 years at 12% average and at the end you will have aproximately 2.3 million dollars,your house will be paid for,your kids are out of the house and no debt,then you wont have the need for life insurance.listen to suze orman and dave ramsey.they are awesome.if you want more information feel free to contact me at thisblueman@yahoo.com
have an awesome day!! -
Jag
The major advantage is that term life insurance is way cheaper than whole life (approx. 15% of what you’d spend on whole life). Since it is cheaper, you can afford sufficient amount as per your family needs.
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rcdrury
Of course, the standard mantra is that term is less expensive. A bicycle costs less than a new automobile, but it may not efficiently get you to your destination. The same is true with life insurance.
Whole life is permanent coverage, intended to remain in force until death. People often claim that whole life is more "expensive" than term, when in reality, it simply carries with it a premium commensurate with a guaranty that it will definitely pay a death benefit provided it is kept in force; while far less than one percent of term policies pay a benefit.
Keep in mind also that there are other types of permanent coverage that can be more cost effective than whole life. The bottom line is to determine the objectives the insurance is intended to meet and obtain the most suitable coverage. "Cheaper" does not always mean more cost effective; and it definitely doesn’t mean better. The only proper way to obtain life insurance is to consult with a properly qualified financial planner or advisor.
BTW, there is no better way to disqualify a financial answer than to cite Suze Orman. I don’t know if I’d trust her to balance a checkbook. Also, keep in mind that whole life is an insurer’s least profitable life insurance product. They have no incentive to sell it except that it is often the right thing to do.
Added in response to Rick B’s comments:
Few things disturb me more than to hear whole life (or any permanent life product) described as life insurance with a savings or investment plan attached. This is a misrepresentation stemming from the practices of incompetent and/or unethical agents.
The purpose of cash value in a life insurance policy has nothing to do with "savings." It is simply the result of averaging expense charges over the insured’s lifetime in order to arrive at a level or predictable premium. Granted, there are financial strategies that can make saving through cash value appealing, but these are not practices to be used with the typical client, and it’s usually more appropriate that universal life contracts are used for such purposes. In any case, this still isn’t the primary purpose of cash value.
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Ivan 6:30 pm on September 2, 2010 Permalink
I recommend you this site where you can compare quotes so you can find the best option for you
http://quoteinsurance.notlong.com
Enrique 6:30 pm on September 2, 2010 Permalink
The best way to get the best insurance is by shopping around
DR + Mrs Bears face 6:30 pm on September 2, 2010 Permalink
Hi search the internet
a firm called a AXA is a good place to start they advertise just this sort of policy.