Life Insurance

Why would it be better for a young person to purchase a 30 year term life insurance policy?

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2010-03-01 22:19:09
2010-03-01 22:19:09

It would be better if they chose a life insurance policy that lasted til the day they may pass away.

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No. Title insurance only covers the person who purchased the policy. You would need to purchase your own title insurance policy.


The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.


There are many sources for anyone who wants to purchase a travel insurance policy but the best place to start would be by contacting the insurance company an individual already has a policy with and to ask for a recommendation from them.


One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.


One may purchase a Statefarm auto insurance policy by calling your local Statefarm insurance broker. Once contacted the insurance broker will talk you through what is required to get an insurance policy ready.


One may purchase a total health care insurance policy from Manulife. They provide insurance programs which are sometime advertised as Flexcare or Cover Me.


Geico automobile insurance can be obtained by either contacting a local insurance carrier who has Geico as an insurance provider, or a person may use Geico's website to purchase an automobile insurance policy.


Typically,the person who purchased it owns it. That person may be different from the person insured or the beneficiary. The owner can usually make decisions concerning the policy. An example with respect to a policy issued by a stock company, whether to have the company send a dividend check or to use the dividend to purchase additional insurance.


Yes, there is no bar in the insured person being beneficiary on another insurance policy.


If you mean can you pay for the other persons ( the owners ) insurance policy yes. If you mean can you insure it for yourself no.


You really need to find a balance of cheap prices while insurance policy, the better insurance policy you get, the more expensive it gets. But the cheaper price the policy, the effectiveness of the policy will suffer.


You cannot purchase insurance on someone without their knowledge and participation. The insured has to answer the underwriting questions in person and sign the application in the presence of the insurance agent. The insured does not have to be the policy owner or payer. The owner is the only person that can make changes to the policy including changing beneficiary, address, payment method, etc.


Anyone driving a motor vehicle needs to be on an insurance policy. Contact your insurance carrier and have him added to your policy, or purchase a policy for him, whichever is cheaper.


No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for.If the renter chose not to purchase a renter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.


Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.


You can purchase a non-owner policy which is used occasionally if a person is required by the state to carry valid insurance in order to keep your license.


You can purchase a debt insurance policy if you're worried that an unanticipated circumstance may prevent you from making your monthly loan payments. You can purchase debt insurance from a bank.


It will depend on the policy that you purchase. You need to make sure that you purchase a policy that specifically includes international medical insurance.


If you are needing to purchase car insurance for a teenager, it is best to call your current insurance company and have the teenager added on to your current policy.


She can buy a new policy all day long and claim she had never had a policy cancel if: 1. She is the only person on the deed to the house. 2. She never had a policy cancel.


A life insurance policy is not a person and does not work therefor it does not have a professional occupation.


If someone just retired, they may be able to use their ex-employers insurance plan. They could use a spouse or family member's plan, purchase their own policy, or join an organization which will allow them to purchase health insurance.



The length of the terms on a Progressive auto insurance policy will depend on which type of policy you choose. The longer you commit to their insurance, the better deal you will get.


A parent or other adult can purchase insurance for a minor. A minor might not be able to make the payments on a policy.



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