What is adequate life insurance?
It is based on your debt, which includes Mortgage and credit card, also it takes into concideration your income and who you would be benefiting when you die. Will your family members be able to live without your income, so you have to comfortably replace that. If you have any children, taking care of their schooling, or child care must also be taken into concideration. Speak with a reputable Life Insurance agent and I am sure that can explain in more detail.
9 people found this useful
If a driver hits a pedestrian and does not have adequate car insurance but does have adequate homeowner's insurance will it cover the accident?
No. They are two totally different types of insurance.
It all depends on what the building is used for, where it'slocated, the type of structure (wood frame, metal, masonry, and howmany stories. For instance, I just quoted an apar…tment building of6 units with a total square footage of 5,400 and the replacementcost coverage came out to $690,000 or approx $128.00 per squarefoot. On the other hand, A warehouse may only come out to 50 or 60dollars per square foot. All buildings are not the same and willrequire an evaluation of it's construction cost. Answer Property: While you can certainly calculate out the insurance rateper sq ft - - property insurance premiums are based on value (therat is developed based on protection, location, use / occupancy,construction, etc...). Regardless, it is a rate per $100 of value. Liability: Depends on the class of business... but speaking pureReal Estate the rate is based on sq ftg.
Answer . The victim has the right to file a lawsuit for any expenses incurred that was not covered by insurance. The victim can also file a claim with their own automobile i…nsurance for medical costs and uninsured/under-insured motorist coverage. Your best bet? Hire a lawyer. Even the most straight-forward pedestrian accident can get complicated quickly.
Answer . Call a licensed life insurance agent
Answer . I sold life insurance for several different companies. Some thoughts include "10 times your income", "as much as you can afford" and "it depends on why you are b…uying". Life insurance, even though in my opinion, has given itself it's own black eye is a wonderful financial planning tool. It's not only tax free at death, you can put additional monies (PUA's) inside the policy, earn decent interest and then pull the money out tax free at the end. Dividends are tax free and can be used to help pay for additional life insurance or cash. It can be self completing. It has a lot of features and depending on your age and needs can really help you. "I never paid a death claim, where the beneficiary said that's way to much money". Good luck.
You can check your local phone book or online to find an agent andget quotes. Independent brokers are best as they represent amultitude of companies and can literally shop for… the best policyto your specific needs and qualifications. But, here I can help youto mention top insurance company of USA: American General, AmericanNational Insurance Company, Rais Insurance, Banner Life and RaisInsurance. They help you to cover best prices and individualcommitment to every client.
Answer 1 Yes i have life insurance that can pay well to my family after mydeath. At least, they will not depend on some one else. If i willalive that time i would like to con…vert it as my pension to securemy further future. Life is so insecure, if something happen to youat least that amount will help your family to live better. Else,you can get the information on Life insurance and about their plan:Rais Insurance. Answer 2 NO. While I would recommend life insurance in order to betterprotect your loved ones financially after your death (or at minimumpay for your funeral expenses), I am not aware of any legalrequirement to have life insurance in any district or any country.(There is a possibility that such a requirement may exist in someesoteric jurisdiction, but it is certainly not common.) So, you donot "have to have life insurance", but, if you are a wage-earner inthe family, you should have life insurance.
Fate, luck, and a unfouned sense of indestructability .
Insurable interest refers to when someone (called Person A) wants to buy life insurance on another person (Person B). In order for Person A to buy life insurance on Person B, …there must be an emotional and financial loss to Person A if Person B dies. You can't buy life insurance on some random person. Insurable interest does not apply to beneficiaries. You can name anyone as beneficiaries, whether they are related to you or not. If you are planning to get an affordable life insurance, i recommend you visit the site below and get insurance quotes. The site will pull up comparable premiums between different insurance companies and show you the best quote. http://www.goodinsurancepolicy.com
with spouse, children, or others who depends on their income.
Adequate insurance depends on your specific situation; the Needs Calculator will help you determine the adequate amount for your specific needs.
There are many life insurance policies available in the market which offers you impressive features at reasonable premium. I would suggest you to get quotes from various life …insurance providers and accordingly select a best plan which offers you good savings and features. I have purchased a life insurance policy from Bajaj Allianz and I am quite satisfied with the offerings and it is significantly cheaper than other offline term plans.
Life insurance, as the name suggests, is insurance on human lives. Life insurance policies are considered to be "valued policies" because they are purchased in finite amounts,… rather than designed to pay damages or the then-current value such as property insurance does. Life insurance comes in several varieties, the main categories being term life and whole life. Term life insurance remains in force as long as premiums are paid, but has a definite termination date (such as 20-years). If the insured does not die during that period, the insurance expires and there is no remaining value. Stated otherwise, it may be said to represent "pure protection". In contrast, there is "whole life". A part of the periodic premium is applied to pay for the death benefit, and another part of it is applied to a savings element. The savings element accumulates slowly at first, and depending upon the nature of the policy, may be used to invest in an array of income-earning assets, such as mutual funds, that the insurer offers as "investment" options. The earnings of the policy is referred to as "cash value", and depending upon the terms of the policy, may be used by the insured or the owner of the policy for a variety of purposes, including borrowing it. If left untouched, the cash value may reach a point where it fully supports ongoing premiums such that the insured has to pay nothing more. "General insurance" is the term often used to refer to non-life policies, such as homeowners, auto, and other forms of property and casualty coverage
It's not something you were naturally born with. Unless you took out a plan with your bank or job or somewhere and are paying into it my guess is no.
The term "adequate insurance" refers to having sufficient insurance coverage with an authorized insurer to provide you with enough protection for the financial losses that you… could reasonably incur. This includes damage or destruction to property that you own or lease, or damage sustained by other parties as a result of your own negligence. The amount of coverage that translates into "adequate insurance" depends upon the interest(s) that you wish to protect.
Cheap Health insurance covers all medical expenses includinghospitalization expenses if you are hospitalized for more than 24hours. Some policies also offer OPD coverage. You …also get taxbenefits on the premium paid for health insurance. But as you know very well that there are so many health insurancecompanies that are available. So it would be better if you firstcheck and compare all the health insurance policies online beforemaking a purchase decision. Below is the link from you can take as reference to compare thepolicies. http://www.policyx.com/
An adequation is an equivalence or an act of equalizing, or the change of the meaning of a term to make it relevant to context.