Your life insurance need should be 12 times of your present annual income. It has been estimated that when you retire,your own income is off but you cann't slash your expenditure. If you arrange life coverage on above calculation, you can have same income from the lumpsum invested in term deposits at interest projection of 8%,which you will be getting from life insurance company.
Courts often times require that divorcing couples buy life insurance especially if child support is involved. If the man was the primary wage earner and is ordered to pay child support, he needs to guarantee that the payments will be made whether he lives or dies.
Yes it covers life insurance not health insurance
yes MAX NEW YORK LIFE INSURANCE is a company that will write an an old man in good health
timing for man discharged
The purpose of Key Man Life Insurance is to benefit the company and provide funds for them to recruit hire and train another key man should the insured die. It is the company that would suffer the loss and therefor is the beneficiary.
It was normal to have $500 Life Ins.
because man needs values for the sake of man's better life.
This depends on your age, health, and the face value of the policy. A healthy thirty year old man can get $500,000 in a 30 year term life insurance policy for roughly $30 per month.
Long term life insurance premiums depend on the age and health conditions of the insured person. A young man or woman in the early thirties can get an insurance for $500,000 for as little as $400 a year.
There are man yfactors that go into the rates for insurance, but term life insurance is generally cheaper because it only stays valid for the amount of time stated within the policuy, but as whole life insurance is good for ones whole life you will generally have it paid off after 10 to 20 years.
I am a caregiver for an elderly, blind man that has a policy for life insurance thru this company, and would like to know if the policy still exists and if the new company took over on the existing policies that banker's union life insurance co., consumer's had?
If the woman and man are married yes, she can get insurance on her husband. If the woman is single and the man married then no, she can't get insurance on him.