Nifty Insurance Blogger

I had a meeting with and finace agent about geting my retiriment ready and he tried to sell me whole insurance with retirirment I have term insurance right now -Debra

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

I’m just curious, we have a nurse who is coming to draw blood. I’ve been told its for pre-exhisting conditions but what does that mean exactley? -Kala

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

My insurance company is offering a term conversion credit if I switch to permanent insurance. What’s in it for them, and what is permanent insurance? Whole life? Any benefits for me to change? -Leta

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

I have a extra term life insurance policy on me and I am wanting to get out of debt and have money too. I have seen some commercials in the passed that buy Insurance policies from people for a part of the face amount of the policy but I can not remember what company that do’s that. so that is my question.

companies that buy term life insurance -Gaylord

For instance, on meds for high blood pressure, beta blockers, etc. -Jacquline

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

I am a 51 year old female. My policy date of issue was 6/16/96. Years payable: 15. Benefits: $250,000. Annual premium (billed quarterly at $80.16) is $302.50. I have already prearranged my cremation worldwide through Neptune Society. I have twins in their first year of college. -Sherika

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

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

I paid the premium after passing all the medical exams, etc… They never told me I was covered from when I applied for the policy, four months earlyer. Now they tell me I was covered from the date of application. I doubt they would have paid out before getting my payment. Am I being scammed? -Byron

$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

My husband and I are 30 and looking at term life insurance.

He’s healthy as a horse with no illness in his family history and is the only source of income.

I on the other hand have Crohn’s disease. My dad died at 49 of pancreatic cancer. My mom had breast cancer at 38 and now at 55 has secondary bone cancer and diabetes
.
So I’m going to cost a fortune to insure.

Since he’s the only financial provider so his will be much higher than mine. Should I maybe make his 10yr and my smaller one 20?

Also what is a good company to go through? -Noel

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

I am 26 years old and just had a baby and want to know which insurance is better whole or term.

How do I determine how much to get?

Who besides my daughter if anyone should be the beneficiary? Note: Her father and I aren’t married but I was considering leaving him a percentage so that he could have extra $ to provide for or daughter if neccessary – Is this a good idea? -Fe

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

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

We each bought a term life insurance policy about four years ago (they last 30 years) but are now thinking the amount we chose is not enough. Can we get additional term life insurance for higher amounts to “add on” to the first policy? -Roscoe

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

And what companies do people recommend. -Suzi

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

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