Nifty Insurance Blogger

There are so many types of income, but under which one does it go? -Delinda

I’m not sure if this is the right catagory, but I need some answers before I change insurance companies, so any help here is greatly appreciated. -Suzette

I am planning to go for Term insurance. Usually what is the premuim? (I know it will vary across different insurance companies, but I guess there wil only be a small varition across)

Say I need a cover of 25 lakhs for 25 years -Margorie

When we got our policies I was 24 and my wife was 29. We got our renewal notice for the next 10 years and they are now over twice as much. Is that common or just our insurance figuring they already have us so they will charge more? -Lupe

The kind that you can take money out when you are older and is like a retirement fund? What kind are the best? -Peter

And what company has the best price available?
In the USA… -Regina

example…my term ploicy is worth 30000.
when i die, will the whole 30000 be given to me?
term type – renewable and convertible

also, which company has the best term plans? -Nilsa

I have seen around the internet that the maximum term life insurance policy allowed for a person in their 20s is usually 20 times their income. However, I was wondering if there are any policies that take into account the combined household income. If a husband and wife both make $40,000 a year, are they entitled to a policy that is based on $80,000 of combined income, or are all policies handled on an individual basis? -Rocio

Will it happen right away or gradually throughout the year if so? I was ready to buy our policies a couple of weeks ago until I saw a large article published about the probability of this happening… -Analisa

A. The insured is covered during his or her entire lifetime.
B. The insured pays the premium until his or her death.
C. The insured pays a premium for a specified number of years.
D. The insured can borrow or collect the cash value of the policy. -Seth

I recently applied for univeral life insurance. Can I purchase term in the meantime..?

..In other words, can I purchase term life insurance while awaiting confirmation of my universal policy – with the same insurance company (I know I will be approved for universal because of my good health). Please, informed answers only. Thanks everyone. -Jong

Say your in your late 30’s and completely healthy, have a term life insurance for 250k for 20 years and you dont die in 20 yrs, your now close to 60 and have to start over dont you?
Any advice would be helpful! Thanks! -Raymond

What is the cheapest term life insurance and what do you have to go thru in order to get it? Any help on that would be appreciated thanks; i am 33 years old; i am in ok health i tried to get life insurance before and was turned down; i have this pain in my groin that noone can figure out its not lethal; i take lortab for the pain and xanax for the stress; what would cause them to turn you down for insurance; thanks in advance -Karey

I live in Florida and was just wondering if I can purchase a term life insurance policy for my aunt in California? Will the term life insurance policy be in my name or her name, because I will be paying for the policy? -Larry

$1,000,000 policy
The company is owned by the policyholder. It’s not a group policy. -Shayne

I am looking at these options:
http://www.zanderins.com/term/instantquote.aspx

Is there really a huge difference from top to bottom? Can I go with the more affordable option? -Luciana

Looking to get life insurance on myself. Need to replace 70K per year income in the event of my death. Need to support my wife and 4 year old son. What type of insurance would be best, and what type of investment advice could be given for my family to invest the money and live off the interest, leaving the principal untouched? -Guillermina

Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners. -Oren

What if when my family needs it in the future, AIG is bankrupted. -Jeramy

If i got term life insurance and a year went by and lets say I was killed in a wreck or a fire or a car i was working on fell and crushed me would the insurance company still pay out since it hasn’t been 2 years since i got the insurance -Alisia

I just read this blog and it is very useful with good links and quite informative. please share your comment here… Thanks

Lee -Ruthe

Whats the difference between regular life insurance and term?How does term work? -Tamala

Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners. -Dora

Wanted to know if you could have multiple without it being a problem upon a claim. -Dierdre

Which one is better to provide for your families needs if something happed to you? -Adam

I’m trying to find a company to purchase term life insurance. I want a good brand and not some scam. Thanks to anyone that replies. -Petronila

This is in place of one 30 yr term life policy for the entire amount. We have quotes that show a lower combined premium when we split the policies; by about $200 a year. Insurance is for 41 year old male, preferred plus category. -Tomi

Looking for about $300k for 20 years. — Thanks.
Should be –> What is the ‘best’ term life insurance for someone 50 years old?
Financial Answer Guy –

Male – 50 – Never Smoked – Excellent Health – Pittsburgh, PA

Can I ask who (what company) has the $56 per month policy?

Thanks for all the answers so far……
Financial Answer Guy – Is there an email address I can reach you at?

Thanks….. -Jacqui

I am 29 years old, in good health and a non-smoker. We just added a new baby boy to our family and I wanted to get a good life insurance plan. I can’t decide between 20 year and 30 year policies- the 30 year is about 1.5 times more expensive a year than the 20 year plan. Any advice? -Malissa

If a person brought a 400,00 term life insurance policy how much would the family get upon death. How exactly does this work. I know the insurance company just give the family 400,000 upon death, if that was the case everyone would have insurance. So, how exactly does this work? -Herlinda

I’m researching term policies to cover the shortfall for life insurance from my work. How long is reasonable to get a term policy for? Term to 60, 75 or 100 years? -Darcy

If I had a 15 year Term Life Insurance at $100,000. with no surrender value. What would it be at the end of 15 years. Can I collect the full amount on this type of insurance? -Monty

I am flying to India in a couple of months. What’s the cheapest way to get life insurance for that particular flight? -Demetra

im in my early twenties and im looking for life insurance outside of my job. i want to know if you sign up for term life insurance and the term is up what happens with the money you’ve paid? or is it just better to sign up for whole life insurance? -Flora