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life insurance?

September 17th, 2010 | | Tags: , | 6 Comments | |

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6 Responses to “life insurance?”

  1. Lisa Says:
     September 17th, 2010 at 2:01 am

    I can do that too.

    Car insurance?

  2. Serge M Says:
     September 17th, 2010 at 2:01 am

    What is your question? Life insurance is a contract between an individual and an insurance company promising to pay a specified amount under appropriate conditions in the event of the death of the insured. Basic life insurance is term insurance. All others are term insurance plus additional features, often consisting of a savings feature which accumulates a cash surrender value.

    In most cases only term insurance should be considered to get the maximum benefit at the lowest possible cost.

  3. mbrcatz17 Says:
     September 17th, 2010 at 2:01 am

    verb?

  4. Hadley Says:
     September 17th, 2010 at 2:01 am

    If you are interested in life insurance you may want to learn about how term life insurance works:

    Term life insurance lasts for a specific number of years, usually 10, 15, 20 or 30 years. The most common terms are 10 years or 20 years.

    Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy. For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.

    Usually, term life insurance costs less than permanent life insurance.

    At the end of the policy term, the insured is no longer insured, and a death benefit is no longer paid. Some term life insurance policies are renewable, or can be converted to permanent life insurance.

    Term Life Insurance Has Three Standard Features:

    Level
    Usually, the annual premium for the policy paid by the insured stays the same each year. The face amount of the policy also stays the same. Level term life insurance policies can usually last up to 30 years.

    Convertible
    Before the end of the term for the policy, the life insurance policy owner may be able to convert the term life insurance into a permanent life insurance policy. The owner usually has a specific number of years during the term life insurance policy to convert the policy. The premiums usually increase for the permanent life insurance.

    Renewable
    Term life insurance policies that are renewable offer the owner the option of renewing the life insurance policy at the end of the policy term, up to a specific age limit (usually age 65 or 70).

    For example, a 15 year policy may be renewed for another 15 years. If the policy is renewed, a medical exam may be required. The term life insurance premium will usually increase when the policy is renewed.

    I hope that helps! Best of luck to you.

    You can compare free, no obligation quotes for term life insurance online at https://www.efinancial.com/smartquoteefc.aspx?source=389-707-1

  5. LifeInsuranceAgent Says:
     September 17th, 2010 at 2:01 am

    yes

  6. Bradley S Says:
     September 17th, 2010 at 2:01 am

    Life insurance is designed to protect a family against the financial burdens that accompany the sudden, unexpected loss of a breadwinner. You have two options: term life and whole life. You pay a monthly premium with each. A term life policy will pay a death benefit in the event that you die during the specific time, or term, covered by the policy. A term life policy has a start date and an end date. If you die the day after the policy ends, the insurance company does not pay a death benefit. The premiums that you pay for a term life policy will be gone when the term is up. You will never see that money again.

    A whole life policy covers your for your entire life. If you die the day after you take out the policy, you are covered. If you die in 20 years, you’re covered. And if you die when you’re 80, you’re covered. In the mean time, the insurance company invests the money you pay in premiums, and some of the earnings are put into your policy in the form of cash value. The cash value builds over the years. At some point—when you are on a fixed income, for example—you can use your cash value to pay the premiums, keeping your policy in force. A whole life policy costs more than a term life policy, of course, because of these investment features.

    Some people say that you could invest the money you save by getting term life in something that earns more money than a whole life policy. That may be true, but be realistic about your investing skills: Would you really invest the premium savings? Do you know enough about investing to guarantee a profit? Whole life is guaranteed to build cash value. Good luck!

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