Insurance Guide

Latest Updates: term life insurance RSS

• definition of term life insurance?

   

• Is it better to buy life insurance or term life insurance?

  This isn’t spam and I don’t want spam as answers, but what type of life insurance is better and why? Is there a pros/cons list anywhere?

  I’ve already got the companies lined up that I’m going to use to buy the insurance, but I’m not sure if it’s better to get the cheaper term life insurance or if I should pay more for "regular" life insurance.

   

• My broker told me about joint term life insurance, but I don't really understand it. Do you have any info?

   

• Anyone used AAA for Life Insurance? Trying to decide between AAA and Farm Bureau?

  Getting Term Life Insurance and my rate from AAA looks better than what i was quoted from my Farm Bureau agent. Any recommendations?
  Excuse me but Ambest CHARGES 5 for a freakin report on companies. That’s a ridiculous and arrogant answer.

   

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

   

• Insurers paying out on life insurance, proof of good health forms?

  After a person with life insurance dies, I imagine that the ins. company has various things in place. Maybe a cursory check of the circumstances, maybe some information as to the cause of death – anything that might trigger a denial of payment for excluded scenarios.

  And then probably if some red flags go up, the investigation gets deeper.

  However I’m noticing that to pay a little bit of money for some extra term life insurance through my employer (actually through Minnesota Life ), I’m being asked questions that are virtually impossible to answer. Example, every doctor I’ve ever visited in the past 3 years, etc. etc. etc. Stuff that I just don’t keep records of and wouldn’t even come close to being able to answer accurately. So I’m just kind of breezing through it. Example, i put down that in 1/1/2007 I had the flu, even though it might be more like twice and certainly not on 1/1 of any year.

  Anyway, the point being…….. (and I have nothing major to hide from them, this is just a question about just "how picky" ins. companies are, in trying to figure out excuses to deny payment.

  If I die, are they going to refer to old forms that I filled out like this Proof of Good Health, and then demand – hey – we found a record of this guy going to the doctor once, but he claimed he hadn’t gone in that year, back on his POGH form, so denying payment.

  Ya know something crazy like that.

  Does anyone have any true insight as to just how bad it is, in terms of ins. companies denying pmt on life ins. policies, based on really minor stuff? I would think this kind of thing would apply to most applicants, since most people really aren’t going to remember or be able to include all this crap in perfect detail. Even tho technically, the form asks for it.

   

• Insurers paying out on life insurance, proof of good health forms?

  After a person with life insurance dies, I imagine that the ins. company has various things in place. Maybe a cursory check of the circumstances, maybe some information as to the cause of death – anything that might trigger a denial of payment for excluded scenarios.

  And then probably if some red flags go up, the investigation gets deeper.

  However I’m noticing that to pay a little bit of money for some extra term life insurance through my employer (actually through Minnesota Life ), I’m being asked questions that are virtually impossible to answer. Example, every doctor I’ve ever visited in the past 3 years, etc. etc. etc. Stuff that I just don’t keep records of and wouldn’t even come close to being able to answer accurately. So I’m just kind of breezing through it. Example, i put down that in 1/1/2007 I had the flu, even though it might be more like twice and certainly not on 1/1 of any year.

  Anyway, the point being…….. (and I have nothing major to hide from them, this is just a question about just "how picky" ins. companies are, in trying to figure out excuses to deny payment.

  If I die, are they going to refer to old forms that I filled out like this Proof of Good Health, and then demand – hey – we found a record of this guy going to the doctor once, but he claimed he hadn’t gone in that year, back on his POGH form, so denying payment.

  Ya know something crazy like that.

  Does anyone have any true insight as to just how bad it is, in terms of ins. companies denying pmt on life ins. policies, based on really minor stuff? I would think this kind of thing would apply to most applicants, since most people really aren’t going to remember or be able to include all this crap in perfect detail. Even tho technically, the form asks for it.

   

• Is there a way to self annuitize one's investment?

  I’ve looked at fixed income annuities straight life, and guaranteed 10 year payouts. Is there a way one can buy private term life insurance cheap enough to allow a straight life annuity with the first 10 years covered by term life insurance? I’m hoping the self purchase of term life insurance will give me a better monthly payout than the 10 year guarantee annuity by the annuity company.

   

• Turner, Inc., provides group term life insurance to the officers of the corporation only. Janet, a vice-presid?

  Turner, Inc., provides group term life insurance to the officers of the corporation only. Janet, a vice-president, received 0,000 of coverage for the year at a cost to Turner, Inc. of ,600. The Uniform Premiums (based on Janet’s age) are a year for ,000 protection. How much of this must Janet include in gross income this year

   

• What is difference between term life insurance and regular life insurance?

   

• ULIP Vs SIP + Return of Premium.. Which is better for a long term investment?

  Hi All,
  I want to invest 10k every month for a long term(20yrs) and I am confused whether to go for a ULIP or a SIP and a Return of Premium Term Life Insurance.
  Though Ulip companies are showing the good returns with 10% yield etc, there are so many hidden charges in that.
  Friends I need your suggestion whether to go for a SIP for a long term investment point of view and take a Return of Premium Term Life Insurance for an insurance point of view.
  After all Ulip is nothing but MF + insurance and i want to do the same with SIP + Return of Premium Term Life Insurance.
  Pls suggest me.

   

• For a special 15 year decreasing term life insurance?

   

• Does the cost of "DECREASING TERM LIFE INSURANCE" go up as the payout amount goes down?

  Does the *cost* of "DECREASING TERM LIFE INSURANCE" go up as the payout amount goes down…. like the "LEVEL TERM LIFE INSURANCE" cost goes up…. or does it go down as the payout goes down?

   

• Does the cost of "DECREASING TERM LIFE INSURANCE" go up as the payout amount goes down?

  Does the *cost* of "DECREASING TERM LIFE INSURANCE" go up as the payout amount goes down…. like the "LEVEL TERM LIFE INSURANCE" cost goes up…. or does it go down as the payout goes down?

   

• What exactly does term life insurance mean?

  I have been paying in to a Chase Life term insurance policy 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?

   

• Why do they say term Life Insurance has no cash value YET if you die you get a payout?

  Why do they say term Life Insurance has no cash value YET if you die someone get a payout (cash)?

   

• Why would someone get TERM LIFE INSURANCE instead of WHOLE LIFE INSURANCE?

  Why would someone get TERM LIFE INSURANCE instead of WHOLE LIFE INSURANCE??

  I mean, with TERM life you can pay into it for years with no return (unless you die, then your beneficiary get the payout)
  With WHOLE life you either die and your beneficiary gets the pay out or you cancel the policy and get a payout.

  CAN SOMEONE TELL ME WHY THEY WOULD WANT TERM?!?!?
  I knew it cost more, I just didn’t know it would be that much more!! YUCK!

   

• What would be the cheapest term life insurance policy available?

  What would be the cheapest term life insurance policy available?

   

• Has anyone suggestions what would be the cheapest term life insurance policy available?

   

• Term Life Insurance Quote?

  Hi,

  I am paying .21/month for a ROP (Return on Premium) term life insurance policy of 0K for 30 years with State Farm. So at the end of my 30 years, I will be getting back ,995.60 (.21 x 360).