Question by Classicpianistjonas | Posted in Insurance
So I need a life insurance, and I don't know what term, universal, and whole life insurance is. I don't really have a budget, just under 300 dollars per year I guess. By the way I'm 13.
Answer: You're 13. 1. You don't need life insurance. No-one is dependent on you for income (I hope).
2. You cannot enter into a contract--you would have to be covered on you r parent's policy. Many companies cover all children for one low annual rate.
Each child does not need their own policy (they're trying to sell you whole life or cash value insurance, which is a rip-off). If you need to start saving and investing money, save and invest money. Do not bundle it with life insurance, which pays a death benefit.
All life is insurance is term--and then they add on things, call it different names. You pay (dearly) for these add-ons. You will always want term. Buy term, invest
What Is The BEST, Inexpensive WHOLE Life Insurance?
Question by Miss Krissie Marie | Posted in Other - Health
What is the BEST, inexpensive WHOLE life Insurance I can get for myself AND my daughter. She is 1, and i am 19. I really need it to be on the cheap side, but have great coverage!
Thanks!
Answer: Whole life insurance is much more expensive than term life insurance. If cheap coverage is what you're looking for then term is the way to go. Agents will tell you that the disadvantage is no cash value, but the cash value builds up so slowly that you'd be better off pocketing the difference in premium or even better investing it (you want tax deferred I would advise a Roth IRA). There is also refund of premium term where if you make all your premium payments for the life of the term, 15-30 years, then you'll get back every penny you've paid.
Whole life is more meant for older people who want to tax shelter funds for their estate. If you're young term is the way to go, it's
Life Insurance Question - Whole Life, Bank On Yourself/infinite Banking, Term Life?
Question by whatshouldido | Posted in Insurance
Hello, my husband and I are in early 40s, with a 1 year old son. We both work full time. We bought a house on a 30 year mortgage last year. We are looking for a life insurance for each of us and inquired the same company that has our car and home insurance about it.
We aren’t really knowledgeable about various insurance products. We knew there was term and permanent life insurance, but not about different permanent options (whole, universal, etc.). I had imagined that we would go with a cheap, term life insurance.
When we talked with the agent, he started off by talking about bank on yourself (infinite banking) concept. We finished the meeting without digesting
Answer: First off, I am biased! I have been in financial services (mortgage, RE, Banking, Securities) for 7 years now and currently (going on 4 years) teach the Infinite Banking Concept, I have proven to 100's mathematically that it would outperform (if all the rules were followed) any comparable financial strategy. Traditional whole life is inefficient however over the last 10 years there has been innovation that makes specifically structured whole life "The" best savings vehicle out there. Watch this video: http://www.youtube.com/paradigmlife#p/u/ 3/Xtg6Ug8p3Zc . There are a few other videos on our site that are meant to educate. Most so called experts (including Dave and Suze) have certain
What Is Cheaper? Whole-life Or Term Life Insurance?
Question by JC | Posted in Insurance
Answer: Term life insurance has lower premiums, but you are comparing apples to oranges.
The longer period of time the insurance is guaranteed for typically the higher the premiums. A 30 year term product is more expensive than a 10 year term product. A whole life product will be the most expensive since it covers the longest period of risk.
I f he needs life insurance, which is a better pick, a term life insurance or a participating whole life insurance since premiums are very cheap and he can have her plans paid up in a short period of time using self liquidating option?
Answer: If I remember right, you are the same guy who asked about the Guardian whole life policy. Go talk to an independent agent as well. I'm not saying Guardian stinks, but if that guy or gal has an obligation to sell Guardian even if they have access to other companies this is an obviously biased position.
Mbrcatz is right about juev policies that are guaranteed issue. I just replaced one that was 25 years old, decreasing whole life (the owner never heard the word "decreasing" when she bought it), and there is only $800 of cash value.
There a number of good, fully underwritten options that will allow you to take out 25k to 100k. There are good options
Learn About Whole Life Insurance | My Personal Marketing Coach
by author1
s development in life insurance is moving away from whole life insurance packages. Complete life insurance gives prospects with a life insurance coverage that can assist their family members in the future, and with an funding component that may help customers and their households right away. This provides an incentive for individuals to buy time period life insurance insurance policies which don’t include any funding elements, and then invest their money elsewhere. Once, complete life insurance coverage insurance policies were the standard, however as we speak they are the exception. As the economy adjustments and the American public develop into increasingly savvy about money management, the total service that a whole life insurance coverage policy gives just isn&rsquo....
AS) Asia lifeinsurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said. A sale topping $7 billion could rank as Asia's top insurance M&A deal and would help the bailed-out bancassurer repay the 3 billion
The type of insurance a person chooses also determines the cost of their plan. And whether a person is interested in purchasing a term life insurance plan or a whole life insurance plan, GetLifeQuote.ca helps them find the best and most cost-effective
Eligible life insurance policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, and certain term life insurance policies. MetLife, Inc. is a leading global provider of insurance,
(MoneyWatch) "Do I still need this whole life insurance policy?" asked a 65-year-old, who was trying to prepare for retirement. The answer is annoying: It depends. Life insurance is a necessary component of a family's financial security.
An up to date, sensible policy can keep your family from financial disaster if you die, but deciding which type is best for your life situation can be tricky. Both whole and term life insurance policies allow you to lock in the same monthly payment
Cheap Life Insurance - The Most Trusted and Preferred Method... 
Cheap Life Insurance - The Most Trusted and Preferred Method... #insurance 
Cheap Life Insurance 
AS) Asia 
Eligible life insurance policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, and certain term life insurance policies. MetLife, Inc. is a leading global provider of insurance,
(MoneyWatch) "Do I still need this whole life insurance policy?" asked a 65-year-old, who was trying to prepare for retirement. The answer is annoying: It depends. Life insurance is a necessary component of a family's financial security.
An up to date, sensible policy can keep your family from financial disaster if you die, but deciding which type is best for your life situation can be tricky. Both whole and term life insurance policies allow you to lock in the same monthly payment