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The most affordable life insurance?
In general, there are many different policies available depending on various circumstances.There are expensive life insurance policies and there are cheap ones. The expensive life insurance policies which include whole life and universal life policies are investment devices as well which also accumulate cash worth as the time passes. These are permanent policies and remain in effect till the policy owner lives. The insurance amount is tax free and also facilitates borrowing loans.As far as term life insurance policies are concerned, the most inexpensive and basic ones are just for protection purposes. The duration for which a term life policy remains effective is limited and there are no cash returns or dividends in a term life policy.The low cost life insurance- would be the most affordable it is a good deal for young couples, people with children, single parents and even individuals with no families. It complements modest household incomes, doesn't put a strain on the finances and yet offers good coverage for a number of years.
Can you take money out and then switch from whole life insurance to term life insurance?
Only whole life insurance, not term, accumulates cash value from which a loan may be taken While the loan does not have to be repaid, if it is not, the loan plus accrued interest will be deducted from the death benefit. If you are changing from whole life to term within the same company, it may permit you to pay a higher premium for the term in order to pay off the policy loan on the whole life, but this would be unusual. It would make for a far cleaner transaction to pay off the loan and switch to term coverage.
Can you a sue a title company if they did not give clear title. They are willing to pay up to the coverage limit but the actual damages asre twice that amount. It's a catch-22 for me?
The policy limit is the policy limit. You paid for an insurance policy based on the amount you paid for the property. As far as I remember, Owner's Policy's are never issued for more than the amount of the contract price paid for the property.
How do you know if a life insurance offer is legitimate?
If you have a question about the validity of the offer you can contact the department of insurance in your state and ask if they have received any complaints regarding this insurance company. Also, if you have an attorney you can have them review the offer and verify its validity. It certainly sounds "too good to be true," to be able to blindly purchase life insurance through the mail, without the underwriter reviewing your case. I would be very skeptical of that sort of policy. On the other hand, even seriously ill people can find affordable life insurance coverage -- for face amounts significantly larger than the $10,000 you cited. The key is finding a knowledgeable broker with experience in placing tough cases. Contact the state you reside in Insurance regulatory agency
Is insurance money taxed?
As far as homeowners, and auto claims payments are concerned no.
Can you change the beneficiary on an insurance policy?
Yes, if you are the owner of the policy you can make any changes you wish as far as beneficiary or ownership.
What is whole life policy?
It is life insurance that you will have for your entire life. A side benfit of whole life is it builds a cash value much like a savings account. It is more costly than tem in the beginning but far more cost effective later in life. Term insurance is the Cash Cow for insurance companies. Only 2% of term policies sold ever pay a death benefit. Think about it! You are going to die someday. With or without insurance? 4lifeguild
What do I need to know in order to purchase a variable life insurance policy?
You will need to know what their requirements are as far as if a physical is required. You will also need to know if pre-existing conditions are a factor.
Will claim for a policy holder be denied if he start smoking after 5 year of policy and the policy is for nonsmoker?
I assume that you are talking about a life insurance policy or perhaps even a health insurance policy of some kind. The answer is the same either way. As all insurance companies are legal contracts the agreements are based on the conditions at the time the contracts were signed. The insurance company will not penalize anyone who starts smoking after the policy was issued. They will even reduce your rates and give you non-smoker rates if you quit smoking and can prove that you stay quit for a period of one year. The insurance company can provide testing to verify such. Both policies are the same as far as rates. Your price will not increase if you start smoking either.
Can a person living with HIV get life insurance?
So far no
What is the best type of life insurance for a business man who is travelling to the Far East for three months?
One without a Terrorists clause! You can get temporary travel insurance. As a business man, you should aready have had a good life insurance policy on you...that would be good business! Now you may have trouble securing coverage. If you are in New England of the US, I can help you. 4lifeguild.com
What is a whole life insurance policy?
It is life insurance that you will have for your entire life. A side benfit of whole life is it builds a cash value much like a savings account. It is more costly than tem in the beginning but far more cost effective later in life. Term insurance is the Cash Cow for insurance companies. Only 2% of term policies sold ever pay a death benefit. Think about it! You are going to die someday. With or without insurance? 4lifeguild
How far can you go back and get child support from a?
Generally, child support is only "backdated" to the date the custodial parent files for support.
Can anyone answer what they think of term life insurance how it is beneficial from other life insurance products?
Term life insurance is beneficial in several ways: 1. Flexible - offering terms of coverage for 10, 15, 20, or 30 years. 2. Affordable - permanent life insurance may cost 2-3 times more than term life insurance. 3. Easy-to-Understand - Term life is temporary life insurance for 1-30 years. If you outlive your policy term, your life insurance coverage ends, It builds no cash value, it is pure protection. Usually provides the maximum amount of life insurance at the lowest price. Term life policies are usually more popular because of the low premiums and high insurance coverage. In terms of being "beneficial" it all depends on the individual. Many people choose term life policies simply as a means of protection against the death of an earning member. This kind of policy helps to offset loans, mortgages, or ensure a college fund for kids, etc. through high death benefits. For many people, whole life policies are far too expensive, and thus a term policy suits their needs in their current situation. A helpful guide is Term vs. Whole Life Insurance.
What if the insured of a life insurance policy does not own an estate?
Normally an insured person on a life insurance policy lists another person as his beneficiary. If that person dies first, then when the insured person dies, it goes to his estate. In that case, the term estate does not refer to a piece of land. Estate refers to all of his property: Bank accounts, Insurance policies, unused IRAs, etc. Some of them may be designated and others not. Whatever he owned when he died is his estate as far as the law is concerned.
how to find out if someone has taken out a life insurance policy?
Someone taking out a life insurance policy is a private issue and is not the concern of someone else. If you are concerned that someone took out a policy on you without your knowledge that is very unlikely as you would have to sign the application normally in front of the insurance agent who will have to witness that they saw you sign it. The only case that the insured doesn't have to sign is if they are a minor at the time the policy taken out. In addition to the foregoing is the concept of "insurable interest". This applies to all kinds of insurance. Essentially, it means that in order to insure something, the person or entity buying the insurance must have a "stake" in or something to lose if the casualty insured against befalls the person or property that is insured. With respect to life insurance, one always has an insurable interest in his/her own life. In addition, one generally has an insurable interest in a person who provides monetary or emotional support, such as a parent. Sometimes, the "love and affection" aspect of insurable interest extends as far out as grandparents, but that depends upon the state in which the insurance is issued and the insurer.
Can a broken granite counter top be repaired by insurance?
Typically your home insurance policy will cover damages that result from Fire, Wind, Hail etc. It just depends on how your counter top got broken and the terms and scope of coverage your homeowners insurance policy offers. Your repair however would likely be far less than the deductible on your home insurance policy. These are sometimes referred to as nuisance claims by insurers.
