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Term insurance Vs. Cash Value insurance is and always has been a debate and will continue. The short of it is, if you have a family or financial responsibilities to protect, than Life Insurance is the answer. While Term is the equivalent to renting a house and Cash Value is the equivalent of buying the house, then Term is not worth it and in fact is a pure money maker for the insurance company. But if you cannot afford to buy the house than you must rent. A really good insurance plan would include a base of some form of Whole Life to cover final expenses and all the cost associated with dieing and supplement all the rest with term insurance. One of the nice benefits of today's policies is that many of them offer money back riders that you can opt in on and get all your premiums refunded back to you at the end of the term and it is tax free. It cost a little more but is often the equivalent of earning somewhere between 4%-6% interest on your money guaranteed.
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Is long term care insurance worth the money?
A long-term care insurance may be worth the money depending on what the policy offers. However, it would be advisable to channel some of the funds to other forms of investments for the future.
A sentence with the word insurance?
Example sentence - I knew I could find more affordable insurance by shopping several insurance companies.
Is boat insurance coverage worth the money?
Yes, boat insurance coverage is worth the money- especially if you might happen to own a boat or are thinking of purchasing one in the near future. Contact your insurance company to learn more.
I am wondering if dental insurance plans are worth the money?
I think that some dental insurance plans are definitely worth the money. I would check with my insurance company to find out what they cover in and out of pocket. Then you will be able to see how much you are saving or not saving.
Is Term life insurance money taxable?
In the US, the money is not taxable if the beneficiary is an adult.
Is building insurance worth the money?
Building insurance is definitely worth getting. The cost of the insurance is relatively low compared to the cost of replacing a building that has been damaged or destroyed.
How much money was George's life insurance policy worth in It's a Wonderful Life?
George Bailey has a life insurance policy worth $5,000.
Can you borrow money form your term life insurance?
No. Term life insurance has no "surrender value", so is no good as collateral. The insurance that you might be able to borrow against is "whole life".
What is a good resource to find information about short term car insurance?
The Money Supermarket website offers information about short term car insurance. The website has a directory of short term insurance providers and information about their offers.
What is meant by the term deductible?
The term deductible, when discussing insurance issues, applies to the amount of money you must pay out of pocket before your insurance coverage will pay for a claim. For example, if you have a $500 deductible on your homeowner's insurance policy and you have $1,000 worth of hail damage, you must pay your $500 deductible towards the damage and your insurance policy will kick in to pay the remaining $500 for repairs.
Before getting insurance what should I know about "return of premium term insurance"?
Return of premium term insurance deals with the ability to get your money back if you cancel mid-term. Most companies will give a pro-rata return.
Where can one compare term life insurance versus whole life insurance?
There are many places where one can compare term life insurance versus whole life insurance. One can compare term life insurance versus whole life insurance at popular on the web sources such as Wealth Pilgrim and MSN Money.
