Latest Updates: term life insurance RSS

  • Hi, can someone help me with a homework question please?

    For Group term life what is the taxable benefit for the employer not employee.but EMPLOYER proving the ?

    Please help me out, and give me serious answers..

    thank you

     

  • Statistics help- finding the expected value?

    35 year old female buys a 0,000 one-year term life policy for 0. Based on a life period table for the U.S. govn’t, the probability she will survive the year is .999057. From her perspective, what is the expected value of the policy?

    I have the formula, but I’m not so sure how to set everything up. The example shown in class involved the lottery and the win/lose was the event. I’m just not sure how to transfer this information to that formula- all help is appreciated!

     

  • Why is life insurance company requiring IRS w-9?

    I’ve had private Term with same ins company for 4 years. I pay the policy on a monthly basis. Recently, the company sent a letter along with a w-9 form (request for taxpayer identification number). I have not changed my name/social security number (what they have on record is correct), and have not made any claim. The company has not paid me anything, I cannot and have not sold/transferred the policy to anyone. No one has claimed benefits, either (lol I’m still alive). The letter states that I can be penalized if I do not sign and return the w-9.
    I thought the only purpose of the w-9 was to issue form 1099 for payment received by a taxpayer – but I have not received any payments nor have I made any claim against my , and the policy has no cash value.
    For what legitimate reason would they be asking for this?
    To falsi fiable:
    I do not consider it a reasonable request because the info they have is correct, and I could never be a payee on my own term when I die. The w-9 is requested for MY information, not the future claimant’s. The company is not and will not be paying me anything when I die.
    As to having to certify my SSN under threat of penalization, that is rediculous – the company has no reason that I know of to issue me a 1099, plain and simple – so WHY would they be requiring that I sign a form w-9?

     

  • Are we doing well financially? How do we compare?

    35 year old couple, 2 children. Earn almost 100K after taxes.
    Approx. 100K Home Equity, Owe 225K Mortgage Balance.
    < 1K credit card debt, paid off every month. Both cars paid off. No student loan or any other debt. Emergency Fund: 26K. Diversified Retirement Assets (90% stocks): 75K (401K, 403B, ROTH, & Trad. IRA Total). 529 College Plan: 18K.
    Wife has company pension, but still contributes 20% of salary
    I contribute 10% to 401K and 4K to ROTH. We both have Term Life policies.

     

  • Has anyone found a life insurance company which the best in settling claims?

    Which life company is the best in setting claims? I want to buy a for 25 yrs. I am 35 now. Please suggest good plan and life company. Is there any database where we get more information of claim record.

     

  • Is there things I need to learn about spam mail #4?

    The top 5 reasons i would need .
    or is it a life term now that I am married?

    0,000 Term life coverage for less than dollars per month sounds like payment for making license plates!

     

  • Is there things I need to learn about spam mail #4?

    The top 5 reasons i would need term life .
    or is it a life term now that I am married?

    0,000 Term life coverage for less than dollars per month sounds like payment for making license plates!

     

  • Life insurance / scuba diving question.?

    2 years ago, I took out a level policy.
    I’m a certified diver.
    At the time, they asked me a ream of questions about my diving activities.
    I told them that I dive to recreational limits, which was true at the time.

    I’m now considering venturing into more technical diving (deeper, mixed gases, longer bottom times, etc.)
    If I kick it during a dive, would the company be able to avoid payment based on my application (which was entirely true when I filled it out)?

    Thanks in advance.

     

  • What's Primerica? All the bad stuff I find is about working for them.?

    My husband and I talked to a Rep from Primerica last night. I’ve been trying to find out about the company, like whether we should actually invest or get term life . Almost all of the bad stuff I find is about working for them and not making money, and all the good stuff is from people who work for them and make money. We don’t want to work for them, but are they a reputable company to do business with?

     

  • How to find annual premium?

    Paul Lopez has a 5-year policy with 5,000.00 coverage. He is 50 years old. What is his annual premium? Show work.

     
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