Questions tagged [term-life]
Questions relating specifically to term life insurance (as opposed to permanent life insurance).
18 questions
4
votes
3
answers
263
views
Is term or whole life better?
So this is all very confusing to me I don’t understand the difference and what I need. I am a 48 year old female of average health. One dependent child. Trust age is offering me 20k whole life for $47 ...
- 41
9
votes
10
answers
7k
views
What is the point of term life insurance?
I am in USA.
I am trying to understand term life insurance. My husband makes $150K a year and wanted to get a term life. I believe the rule is 10 times your yearly salary so for us it would be term ...
- 759
1
vote
1
answer
61
views
Need help in choosing life insurance company [closed]
I am a 31 year old, I was shopping around for a dependable term life insurance. I got two approved quotes.
One is from Prudential, which is $68/month for $1m/20 years term.
The other one is from ...
- 11
5
votes
1
answer
814
views
missing term life insurance policy papers
We are missing term life insurance policies, but making yearly payments. In case a something wrong happens? Will the policy number alone will be sufficient to make a claim ?
I also see there are ...
- 1,026
2
votes
1
answer
47
views
Term Life Insurance premium vs Interest/Inflation rate
I am thinking of buying a term insurance plan for myself in India and am 28 years old.
My premium per year to be paid for a period of 10 years and coverage till 99 years works out to be 111,213 INR. ...
- 23
3
votes
1
answer
172
views
Can term life insurance have a surrender value?
Five years ago, I opened a 20-year term life insurance policy with Protective Insurance. In my recent annual statement for the policy, I was surprised to see a non-zero value listed next to "...
- 1,322
-1
votes
1
answer
232
views
Buy one term insurance policy for Rs 2 crore or two term insurance policies for 1 crore each?
If I need to provide for two sets of dependents and may need to remove one set of dependents in future, does it make sense to get one Rs 2 crore term life insurance policy or two separate Rs 1 crore ...
- 99
2
votes
3
answers
427
views
Is term life insurance a good investment?
Average life insurance for a 60-year-old man costs about $400 per month for a 20-year term (starting today) with a $1,000,000 payout.
If I reason that the average 60-year-old man has a 35% probability ...
- 500
3
votes
1
answer
175
views
401(k)/IRA in lieu of term life insurance at age > 55
I have a term life insurance plan that will expire when I am 55 years old (~20 years from now). My insurance salesman wants me to convert part or all of this into some sort of whole life policy, and ...
- 196
4
votes
3
answers
423
views
Should I use Social Security survivors benefits in calculating the amount of life insurance needed?
I see a question How much life insurance do I need? , but I want to buy least amount of Life Insurance but still cover my kid and spouse up to an extend.
We all get annual social security statements ...
- 1,065
19
votes
4
answers
5k
views
Do I need term life insurance at age 57?
I am looking at a term policies for my wife age 56 $250k worth of coverage with an initial cost $957/yr and myself $400k worth of coverage with an initial cost of $1450 /yr. We have about $100k left ...
- 191
3
votes
1
answer
1k
views
HDFC LIFE PROGROWTH PLUS WORTHY?
I’ve recently became a member of HDFC LIFE PROGROWTH PLUS plan. The person from my savings holding bank told me about this plan. He asked me to invest 25000/- per year for 10 years, you will get ...
- 133
26
votes
2
answers
4k
views
Is it acceptable to not have term life insurance in my case?
Age: 42
Married
No kids
I'm currently the only source of household income. My wife doesn't work outside the home. However, that decision was by choice since my income easily supports the both of us....
- 363
6
votes
4
answers
485
views
Does this very cheap traveller insurance make any sense?
A local railway company partners with an insurance company and offers insurance policies as paid addition to railway tickets.
A random monthly salary in this region is an equivalent of seven hundred ...
- 2,909
1
vote
2
answers
181
views
Can the Life Insurance Policy Holder redeem the money after the coverage period expired?
Can the Life Insurance Policy Holder redeem the money after the coverage period expired?
Let's say I have a Life Insurance policy for 20 years. Will the money be given back to the Policy Holder along ...
- 1,117
8
votes
2
answers
7k
views
What will happen to this life insurance policy obtained just before a possibly terminal diagnosis?
A family member in his early 40s recently suspected he may have cancer due to digestive issues. A life insurance policy for $500k was purchased. A basic medical exam to determine eligibility was done. ...
- 1,541
4
votes
1
answer
2k
views
What happens if the term insurance company closes?
I have bought a term insurance plan for 35 years. I pay yearly premiums, and will do so for a long time if everything goes well.
My question is, what will happen if say after 20 years the company ...
- 334
9
votes
4
answers
950
views
Do laddered term life-insurance strategies give significant savings over getting re-rated with shorter term policies?
I have been reevaluating my life-insurance strategy and having remembered an article about using laddered term life insurance to give you a higher amount of coverage in the short term with reducing ...
