Latest Updates: term insurance RSS

  • What is return of premium term life insurance? Is it similar to regular term insurance?

     

  • What is the difference between term insurance and whole life insurance?

     

  • What type of life insurance would be best to purchase?

    "Claire is a 25-year-old single mother with a 3-year-old daughter named Jasmine. Claire earns about ,000 a year as a teacher’s assistant while she is working on her Bachelor’s degree. She would like to purchase to protect her family. What type of would you recommend she purchase? Give at least two reasons for your recommendation."


    -Level term
    -Decreasing term
    -Renewable term
    -Convertible term

    Permanent
    -Whole life
    -Limited-payment life
    -Universal life
    -Variable life

    Pleeease help.
    I’d love to tell you but it doesn’t say. Which is why I need help lol.

     

  • What exactly does term life insurance mean?

    I have been paying in to a Chase Life term for 0,000.00 for over 10 years.
    I have recently received a quote for 0,000.00 term policy for LESS than I am paying for the 0K policy.
    Do I lose anything by changing companies?

     

  • Question about life insurance?

    Why would a life agent want me to get universal life especially when he knows I have 30 year term ? I didn’t buy term from him, but I did told him that I have life already. He try to convince me such as it build savings and that I will be protected forever. I ask him why does it build savings? He told me it would be a great way to use for retirement or for emergency. He basically avoided my question. I told him that I have a Roth IRA, isn’t that better plan for retirement? He said having universal life would be an additional source of money when I retire. Realizing he’s just a salesman trying to get my money and rip me off, I told him to leave.

     

  • How Much Life Insurance Payment for 70 Years Old Man?

    Say ,000 life policy?
    ?
    Links?

     

  • Whole life vs. term–can you prove higher return with whole life?

    Someone posted a question about whole life vs. term and someone claimed they could prove whole life had equal or better return than buying term and investing the difference in the stock market but the question was closed before the answer was completed. Here’s another chance for the whole-life apologists. My contention is that high fees and commissions on whole life will overwhelm any investment advantage. I also want to see this demonstrated for middle-class people, not multi-millionaires who get huge benefits from tax shelters.

    Assumptions:

    20% marginal income tax rate (15% federal, 5% state)
    Buying at age 30 and stopping/cashing out at 65
    Stock market return is 10% per year and profits are taxed each year at long-term capital gains tax rate.
    Difference in invested at start of each year.
    Reasonable amount of –0,000, or 0,000 or so, not several million.

    Any advertisements or links to scams will be reported for abuse.
    Like I expected, the whole-life apologists are attacking my assumptions. First, that I shouldn’t end the policy at 65. I’m assuming my kids are grown then, and surviving spouse will have Social Security (maybe), a home, and other assets to survive on. If it’s more beneficial to convert the policy to an annuity at 65 and save taxes on my (presumably reduced) income, I will consider that possibility, just give me some facts.

    Someone said dividends are taxed at a higher rate than long-term capital gains, but I think that’s wrong. Regardless, the rates on either are pretty low and I don’t see that as a major factor.

    Someone else said term would be a loser if my health failed before 65. If that’s the case then I’ll admit I’m comparing apples and oranges. Is there term that doesn’t expire as long as you pay the , or does term mean you’ll lose coverage at the first sign that you’re odds of collecting are higher than average?

     

  • Is it safe to go without health/dental/Rx insurance from now until early Oct? Or is it too much of a gamble?

    I just graduated college and my ran out. I am taking a job that starts in September and will give me full health coverage 1 month after I start. I am a young and fairly healthy female, although I do have IBS and some other problems, mostly relating to the digestive system, reproductive system, and my skin. I eat a balanced diet and try to exercise regularly. I have only needed to visit the emergency room 3 times in my entire life.

    When responding, please give me an informed answer, not just yes or no. Please also explain your reasoning.

    Also, other than or Cobra, is there any other short- I can purchase?

    Doctor’s answers especially welcome.

    Thank you!

     

  • What is the best way to design a sampling plan in marketing?

    I have chosen Primerica and I have chosen one of their products such as term versus whole life. I suggested that PFS use data companies who only the FBI have investigated or the BBB. I would use a survey to gather the information as well. I am kind of stuck on the sampling process.

     

  • What two adjustments are usually made to the cash value account in a universal life policy?

    1. Cost of the protection is charged and current interest earned is credited

    2 current interset and are credited.

    3 guaranteed interst is earned and are credited

    4 excess interest and premium are charged

     

  • What two adjustments are usually made to the cash value account in a universal life policy?

    1. Cost of the term protection is charged and current interest earned is credited

    2 current interset and are credited.

    3 guaranteed interst is earned and are credited

    4 excess interest and premium are charged

     

  • Primerica agents, Does buy term and invest the difference really work?

    Primerica is a Citigroup subsidiary. I know that Primerica promotes pure 100% of the time because it is "what is right for all of its customers". Why is it that Smith Barney, also a subsidiary of Citigroup, is promoting cash value according to their website.
    It appears that Smith Barney, who is taylored towards a wealthier client base than Primerica does not buy into the term and invest difference philosophy. So what does Citigroup really believe in? They offer conflicting advice through 2 of their subsidiaries. In fact Citigroup owns 3.2 billion dollars of permanent cash value . That is cash value, the death benefits could be 5 times that amount. So why is it that Citigroup, who promotes Primerica does not invest in its own companies philosophy? In fact all major banks have billions of dollars in permamnent cash value policies. The largest being bank of america with 14 billion $ in permanent . Please answer that Primerica agents.
    To Primerica debate team:

    If Permanent is such a bad investment, why is it that almost every Bank and Large corporation invests in this stuff in the billions. Surely these large corporations have the means to hire any type of investment management team to invest only in the best places. Yet they all have billions in cash value . why don’t they just buy term and invest the rest in mutual funds like you say to do? Go check the facts about bank and corporate owned and see how basically every company you have heard of has millions if not billions of dollars in Permanent .

     

  • need clarifying with term insurance

    My mom’s says 80 years on top of the form. Does that mean the is valid for 80 yrs or the age of my mom?
    If it’s her age, will the then be invalid and useless or can she upgrade or continue on, incase she lives past 80 yrs old?
    thanks

     

  • Why do so many agents on here make broad generalizations and recomendations?

    I was wondering how so many people who are licensed or claim to be licensed in the field of Life will spout off Suze Orman sound bites about how term is the only kind of that should be purchased without asking a single question about the persons situation?

    Income levels, estate implications, family situations and health are just a few of the factors that could make a term recommendation entirely incorrect for a person yet I never see anybody ask those questions. Is it that they do not care or do not know any better?

    Also Why is the only part that they harp upon is that UL, VUL etc is a bad investment? Why do you not consider that permanent coverage should be recommended only as on a death benefit basis and the advantages of liquid, income tax free, guaranteed money for those who survive the insured and not the investment advantages to the insured? Do you also point out that investments are equally bad when viewed as an product?

     

  • Life, Health, and Income Exposures?

    Explain in your own words the difference between survivor income benefits and group term . How is group ordinary and group universal life used?

    can u help me on this one I have so many to do yet but this one is a little bit tricky, thatnk you for ur help

     

  • just got out of college and unemployed. need short-term temporary insurance?

    I just graduated from college and have been unemployed for a while :"(
    I’m looking for short-. Would someone compare the following plans and explain which one and why it’s the best? THANKS SO MUCH!

    1. Blue Vital Shield 2900
    /mo
    Deductible 00
    Out of pocket maximum 00
    Office visit for first 2 visits per member per year, then {content} after out of pocket maximum
    Preventive care exams Included in office visits
    Mammogram & GYN Screenings 40%
    Hospitalization 40% after deductible
    Lab & x-ray {content} after out of pocket maximum
    Emergency room 0 per visit + 40% after deductible
    Generic prescriptions Generic only
    Dental & Life Available

    2. UnitedHealth PacifiCare Personal Benefit (HDHP)SM
    .00/mo
    Deductible 00
    Coinsurance 100%
    Room & Board, Intensive Care Unit, Operating Room, Professional Fees of Doctors, Surgeons, Nurses, Surgeon, Assistant Surgeon, and Facility Fees, Hemodialysis, Radiation, Chemotherapy, Cat Scans, MRIs, Mammography, Pap, PSA Tests, Doctor office visit — Deductible then Coinsurance

    3. HealthNet
    /mo
    Coinsurance 40%
    Annual Deductible ,500
    Office Visit for Primary Doctor/Specialist 40% Coinsurance after deductible
    Prescription Drugs Generic Copay
    Annual Out-of-Pocket Limit ,500 Does not include deductible
    Preventive Care Coverage
    Periodic Health Exam Not Covered
    Prescription Drug Coverage
    Emergency Room 0 Copay (waived if admitted) Plus 40% Coinsurance after deductible
    Outpatient Lab/X-Ray/Surgery; Hospitalization 40% Coinsurance after deductible

     

  • What kind of insurance(s) should I purchase?

    I know I need the following:

    *Auto and Homeowner’s

    * (20 year level equal to about 10 times my income)

    *Long Term (coverage should equal from 50 to 70% of my income)

    * (look into HSA and have prescription coverage, etc.)

    *

    *Long Term Care (for my father who is over 60 years old … I would for my mother but she passed away 8 years ago)

    My father and I were a victim of ID theft, and Lifelock ID theft did not help me at all. I am a little weary of ID theft . Should I get it through the bank? Or, should I "freeze" mine and my father’s credit reports through Experian, Equifax, and TransUnion?

    What about Home Warranty? Road side assistance? Etc.

    Please guide in the right direction I am 26 years old and I am living with my 77 year old father. I have to take care of everything. Whatever advice or an additions would be greatly appreciated. Thank you in advance.

     

  • What's the best life insurance to buy for a 38 year old smoking male?

    or otherwise?

     

  • What's the best life insurance to buy for a 38 year old smoking male?

    or otherwise?

     

  • Life Insurance for my family?

    I’m trying to figure out if it will be worth to get life for my family? Now, when I say family I mean my parents and siblings. I’m only concern with getting something that’s affordable like I didn’t hear to many good things about whole .

     
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