to be used for questions related to life insurance.
6
votes
2answers
208 views
I'm 29, single, and healthy. Do I need life insurance?
I'm 29, single, and healthy, with the hopes of someday--ideally within the next few years--getting married. Do I need life insurance? For what it's worth my employer pays a small policy that would ...
4
votes
1answer
67 views
How can one guarantee income in the event of incapacitation and also in the case of death in UK?
I wanted a policy that protects my family in case I get injured or get ill (incapacitated) and also in case I die. They suggested a combination of Income Protection Insurance and Life Insurance.
...
1
vote
2answers
141 views
Primerica: All it claims to be?
I've recently been contacted and had a conversation with a Primerica representative. Their claims of having the absolute best life insurance and getting above average returns on investments sounded ...
0
votes
1answer
26 views
Where can I find Term Life Insurance with Variable Payoff?
Is it possible to buy term life insurance whose payoff varies with time e.g. as in:
$E = (1-\frac{x}{T})(1+r)^x$ where,
T = term of policy
r = rate of inflation (e.g., 0.03)
x = time when policy ...
3
votes
1answer
112 views
What kind of insurance would cover death/disability for organ donors?
Let's say I'm going to be a living donor for a relative. I'm about to willingly undergo major surgery with known (albeit low) risks. I will be taking on significant debt to pay for the whole thing. I ...
5
votes
4answers
762 views
Timing on cashing out whole life policy?
8 years ago I was talked into a whole life policy. Big mistake, I know. Currently, the cash value of the policy is around 50% of what I've actually paid in premiums. I would like to cut my losses but ...
9
votes
2answers
163 views
Are the AARP benefits and discounts worth the yearly membership cost?
When considering organizations like AARP, what are the factors that makes these types of organizations valuable to members?
Our main interests is to obtain term life insurance.
I am sure there are ...
9
votes
4answers
363 views
Will says “divide estate equally”. Life insurance has one named beneficiary. Can proceeds be made estate property?
If a parent dies and leaves a will that divides the estate equally, but also leaves a life insurance plan that names only one child as a beneficiary, can the other siblings force the life insurance ...
4
votes
4answers
159 views
Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person?
Something that has been nagging at me lately.
Let's take a person:
30 years old, US, non smoker, no significant medical problems
No debt (of any kind, mortgage, student, or credit card)
No plans to ...
5
votes
4answers
289 views
Confused About Term Life Insurance / Mortgage Insurance
I'm looking for a term life insurance policy that will be gradually reduced in coverage amount over the life of my mortgage until it's zero at the end. The reason is that I want to have a consistent ...
2
votes
4answers
102 views
Is there a website that offers term life insurance quotes from multiple vendors but isn't a broker?
I'm looking for a web 2.0 type site that offers an easy way to get good term life insurance quotes without dealing with the plethora of scammy-type sites out there.
I could go to each individual ...
13
votes
5answers
538 views
How can life insurance possibly work as investment?
Every here and there I hear about the following investment option: There's an insurance company that is willing to take my money and hold it for some very long time (like 5 years or more) and then ...
4
votes
2answers
913 views
If you receive life insurance, does the estate have any claim to it? Do you have to use it to pay for debts of the estate?
If after someone dies, you receive life insurance as the beneficiary, is the estate entitled to any of that money? Are there cases where the life insurance money can be included in the estate and ...
5
votes
2answers
85 views
Tips to putting the yearly health insurance payments to work
I have been making my annual $1.5k health insurance payments to Blue Cross and now it feels like I am pouring money down the drain year after year!
Since I exercise daily, eat healthy and keep myself ...
3
votes
3answers
80 views
Is travel insurance only for when we go to outside country by Air or it can be also in within country?
Is travel insurance only for when we go to outside country by Air or it can be also in within country?
What is the benefit of Travel Insurance if I'm already having Life and Health Insurance?
Is ...
2
votes
3answers
3k views
What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
I want to take insurance for safety + tax saving purpose. What ...
11
votes
5answers
277 views
When do I need life insurance?
checked threads before asking: 1 2 3
I have been so focused on running away of debt, that I haven't thought on future events. I am trying to decide when do I know that I need life insurance?
My ...
4
votes
1answer
778 views
How should I represent a Whole Life insurance policy in Quicken?
I have a Whole Life insurance policy (actually Northwestern's Adjustable Combination Life) and I track my finances through Quicken 2011. What is the best way to set up an account to track payments ...
5
votes
2answers
115 views
Is “simplified term life insurance” (i.e. instant buy; no examination) a good idea?
I'm planning to buy term life insurance. I'm in my mid thirties and my wife is in her mid twenties; no kids but we may have one in the next two years. Both of us are relatively healthy, aside from ...
5
votes
3answers
493 views
If I have AD&D through my employer, should I STILL purchase term life insurance?
I'm 36 years old, married with no kids. (We're considering having a kid that but would still be at least 1.5-2 years out.)
One of the things that Suze Orman and other personal finance speakers ...
8
votes
3answers
1k views
Credit life & disability Insurance on vehicle loan for elderly buyer: Does it make sense?
An older gentleman needs reliable transportation to replace his 10 year old vehicle with over 100k miles. He can afford the payments, but doesn't want to burden his younger wife with payments she ...
2
votes
1answer
851 views
What kind of Quicken account should I use to track an adjustable complife policy?
I have an Adjustable CompLife policy that I want to track in Quicken. What kind of Quicken account should I use?
3
votes
1answer
64 views
How to do long-term financial planning if your career is expected to be international?
I am thinking of getting life insurance and starting to think seriously about retirement (I'm going to turn 30 next year), but I expect that I will live in a couple of different countries over the ...
7
votes
1answer
100 views
Joint Life Insurance?
Is there such a thing as "joint" life insurance for two people that will pay the survivor should the other one die?
In other words, I'd like to buy a policy for myself and my wife for say, ...
24
votes
3answers
795 views
Will my children owe taxes on my life insurance proceeds?
I had always thought that life insurance proceeds were not treated as taxable income. From IRS publication 525:
Life insurance proceeds paid to you
because of the death of the insured
person ...
4
votes
2answers
168 views
Universal Term Life Insurance instead of Term Life Insurance?
Apparently Genworth has replaced their vanilla term life with a universal life policy ("Colony(sm)"). The agent says the other carriers are heading in this direction too.
The premiums are equivalent ...
20
votes
3answers
7k views
Is the “Bank on Yourself” a legitimate investment strategy, or a scam?
There seem to be a lot of advertisements by "Bank on Yourself", promising to show how you can invest in a certain type of life insurance policy. Is this really a legitimate investment strategy, or ...
10
votes
5answers
250 views
What's the difference between Term and Whole Life insurance?
How would one decide which is most appropriate? Are there tax or benefits differences that one offers over the other?
9
votes
4answers
3k views
When is Cash Value Life Insurance a good or bad idea?
What makes CVLI either good or bad? If you get it while young (~23 years old) and have a respectable starting salary then what are some benefits or detriments to having it?
The specific policy I'm ...
6
votes
2answers
284 views
Married, 55, grown kids: Should I buy life insurance, or invest in stocks? The ultimate decision
Presently I am a married 55 year old man married with two grown kids. One of my term life insurance policies expires soon and they have offered me a policy that will never increase in price for the ...
12
votes
5answers
786 views
Why should I invest my money in a life insurance policy?
As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney...
Why should i ...
6
votes
3answers
632 views
Does life insurance cover one's funeral costs, or should I save for it separately? How much?
What is common practice? What does it usually cost? Should I be thinking about this?
10
votes
7answers
1k views
Why do people take out life insurance on their children? Should I take out a policy on my child?
I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...?
If the purpose of life insurance is to replace a wage-earner's income in ...
4
votes
1answer
673 views
Are insurance payouts taxable in Canada?
This is in reference to this question about life insurance but can apply to other insurance payouts. This would definitely affect how much to plan for.
19
votes
4answers
431 views
How much life insurance do I need?
Is there a tool to help people determine how much life insurance they need?
10
votes
3answers
181 views
What kind of life insurance is cheaper? I'm not sure about term vs. whole vs. universal, etc
What kind of life insurance policies are the cheapest? what are the features of different kinds of policies out there? What should I be looking for?
