I am paying $97.21/month for a ROP (Return on Premium) term life insurance policy of $750K for 30 years with State Farm. So at the end of my 30 years, I will be getting back $34,995.60 ($97.21 x 360).
Do you think this is a good quote for the term and price?
But I would still have to pay 25% tax rate which comes out to $40,000 which is still greater than $35,000.
Because I was thinking of investing the difference in Mutual Funds. I'm already maxing out my Roth IRA.
Answer: Try this site
http://linsurance.notlong.com
here you can get quotes from different companies so you can compare them.
Is 22 Dollars A Month With American General Life Insurance Company Term 30 Years Too Much?
Question by George Nelson | Posted in Insurance
I am very healthy mom of tree seeking term life insurance and I got this quote. It is for 300 000 dollars, 30 years, term, I am healthy, family healthy no smoke,no driving problems, any extreme, no sick relatives, no overweight. I am looking for the best price and I got this quote for 22 dollars a month. Is there any better price? Thank you
Ok, so I filled out one of the online forms that compare major insurance companie's quotes for term life insurance, answering all questions honestly. What I got was at least three phone calls a day from agents on both my land line and cell phone..daily. A company called Matrix (not the one that quoted the best price the I checked), anyway they kept calling because by the time I got home they were closed due to the time difference in Hawaii. When I finally did speak with someone, they went through all the same questions again, and at the end the statement was "No insurance company will insure him(he is 55) because he is too high of a risk with type 2 diabetes". (This was not for me,
Answer: 1: NEVER SHOP ONLINE FOR INSURANCE! online quotes are almost 100% of the time based on super preferred health status so their quote comes up on top. Super PRefered health status is essentially subhuman health....hardly had a cold in your life type of thing. If you have any doubts that you are super prefered, don't apply online, if you get approved, you're rates will be increased in most cases.
Go to a lisensed insurance broker so they can assess your situation fully and recommend a company that suits you need best.
#2 MANY insurance companies will insrure people with Type 2 Diabetes. IT depends on the severity of it though (if you're insolin dependent then it's
Canadian Looking For Life Insurance-term Or Universal? Which Company Would You Opt For?
Question by zirconiag | Posted in Insurance
I have gotten quote for Universal Life from RBC and Co-operators. They seem reasonable priced but still shopping around for something suitable. I'm 30 and my husband is 33 and we are both non-smoker
Answer: I have dealt with both companies and both are good life insurers. My personal preference (of the two) would be The Cooperators. Dealing with a cooperative vs a bank is a big difference in my experience.
As an independent broker I have a bias towards dealing with independent insurance brokers. We can shop the market on your behalf. This is especially important if you have ANY medical, lifestyle or occupational concern. (for example - blood pressure, marijuana use, pilot)
I suggest you also get a quote from a local, independant broker if you want another perspective. Otherwise, go with Coop
I'm Looking In To Insurance, When Is Whole Life A Good Idea. I Can't Find One.?
Question by rednoids | Posted in Insurance
I want to get life insurance and after getting quote from an agent I looked into it. I found that I would get more coverage with term for a better price. I kind of understand the savings portion but wouldn't it make more sense to get a term policy and put the rest in a etf or mutual fund, that way it's my money and the insurance company can't keep it if I would happen to pass. I am going to go with the term but is there any reason to go with the whole life. I'm 24 with wife and 3yr old. Also, why would the agent not tell me about term insurance, it seems like a better deal if you ask me.
Answer: Usually the people pushing whole life policies are those that will benefit from them selling them to you.
Whole life commissions for agents are far, far higher than term insurance.
At 24 with a wife and a three year old....you do need a lot of insurance right now.
It's smarter to buy as much term as you can for as long a term as you can....20-year level premium term would be good.
Then take what you wouldn't have spent on whole life policies and stick in as good as an investment as you can......for your child's college education.
The term policy is simply an income replacement mechanism until you can get your kid through
Whole life insurance quote » Blog Archive » Life insurance costs
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One thing to consider when comparing life insurance quotes is whether you want term life cover or permanent life cover. Term life cover gives people the opportunity to have a low cost life insurance policy for a fixed term. After the term has expired
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Offering access to the proprietary Efinancial life insurance search engine, prospective customers request quote comparisons from the nation's leading life insurance carriers. From medically underwritten to no exam life insurance policies,
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One thing to consider when comparing life insurance quotes is whether you want term life cover or permanent life cover. Term life cover gives people the opportunity to have a low cost life insurance policy for a fixed term. After the term has expired