Question: #1: Life Insurance?
My husband, 32 and I, 30 are looking into life insurance. Can anyone tell me which company or websites I can use to get information. There are so many out there... wouldnt know where to start. Who do you personally use? Is there a medical exam involved? What type of premiums are you paying? Is it fixed or does it go up every few years? We live in Florida also. Any help would be appriciated.
- asked by livinlife
Answer: ...
- answered by: saberhilt View All Answers (7)
Question: #2: Life insurance?
I need to get life insurance but I have heard that you don't get the policy on yourself but that your spouse is supposed to get one for you.... What is the difference?
- asked by cindy w
Answer: ...
- answered by: Doing the Right Thing View All Answers (9)
Question: #3: life insurance?
I would like to get life insurance, I am single, going to be 23 years old, I dont need anything major but i would like enough to pay off all of my bills and student loans, if something should happen. What would you recommend getting. I have done a google search but that just overwhelmed me with all the different places. Any suggested would be useful. Thank You.I guess i should of mentioned that I will have one dependent. I have no cosigners though.I live in iowa
- asked by bowlinggirl84
Answer: ...
- answered by: pokerplayer528 View All Answers (17)
Question: #4: How much life insurance coverage should a life-long bachelor w/ no children buy?
I will be 33-years old next month. I have no life insurance, no dependents and I do not anticipate ever getting married. How much life insurance coverage do I need to pay for my final burial expenses? Please give me a range. I don't need an exact figure. Thanks.
- asked by ksnake10
Answer: ...
- answered by: mbrcatz
View All Answers (5)
Question: #5: What exact is whole life insurance, and how dolife insurance companies profit from selling it?
Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?I have tried to do some research on my own, but I still can't seem to fully understand this matter. Any help will be greatly appreciated!
Answer: ...
Question: #6: Is selling life insurance risky? If I am entering the field what are tips for leads and goodperformance?
I am entering an internship with a life insurance company that very well may lead to a job after graduation. I'm concerned about the commission salary and how to attract clients. Any tips? Is selling life insurance a good career to get involved in?
Answer: ...
- answered by: rcdrury
View All Answers (2)
Question: #7: How do life insurance agencies make their profit?
I have a few questions here and thanks in advance.Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit? Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with the agents?I would appreciate if you can throw in some numbers, since i am looking to invest some angel capital into an agency, so you would help if you give numbers.
- asked by Monica Sandler
Answer: ...
- answered by: james m View All Answers (3)
Question: #8: How much of life insurance company profit results from beneficiaries not knowing that a company solda policy?
I have seen many questions here along the lines of either (a) a person died and had life insurance, but I do not have the policy and do not know what company sold the policy, or (b) a person died and I do not know if that person had life insurance.How much of the profit that life insurance companies make is because the company does not receive a claim when an insured person dies, either because the beneficiary did not know that there was a life insurance policy, or because the beneficiary does not know what company issued the policy?
- asked by StephenWeinstein
Answer: ...
- answered by: mbrcatz
View All Answers (2)
Question: #9: What is the best life insurance company to work for with great commission?
What life insurance company is the best in the nation to work for and why? I am doing research and trying to figure out which life insurance company is best to work for or what is the best strategy working in the insurance field.
- asked by Ms L
Answer: ...
- answered by: Whats Up Doc
View All Answers (1)
Question: #10: How do I put life insurance on my childs father?
I'm wanting to put life insurance on my son's father. He is my beneficiary and I just feel that it is necessary for us to have this! Ive been searching the internet and I cant seem to find what I'm looking for. Does anyone have a suggestion on which company I should use or how I need to go about this... I got my insurance through my job so I really don't know how to go about getting life insurance on someone else!
- asked by PJay
Answer: ...
- answered by: rotflol View All Answers (4)
Question: #11: What type of life insurance policy does themilitary offer?
I'm talking about the Army, in particular. Is it term life insurance, or permanent life insurance?As of right now, my husband's job doesn't put him on the front lines. I already know how much life insurance the policy is for. I'm just trying to figure if I should get life insurance and for how much. Does anyone here know the difference between term and permanent life insurance? That's all I need to know. Is his life insure term or permanent.
- asked by Ashley
Answer: ...
Question: #12: Life Insurance Career; What are the pluses andminuses to a career in life insurance?
I have been considering an offer to work as a life insurance agent. I'd like to hear from people who have worked in the industry to find out what the benefits and drawbacks to this kind of career are.
- asked by seeker212
Answer: ...
Question: #13: Being a new life insurance agent, what are ideal ways to enhance portfolio of life insurancecustomers?
One year down the line in life insurance business, I feel lack of custmers affecting my growth. I'd like to grow my portfolio of customers using new ways to market myself. Till now I have used friends and relatives and past customer base as my target audience. How do I target the strangers market and how do I productively segment it.
- asked by ashok
Answer: ...
- answered by: LifeInsuranceAgent
View All Answers (3)
Question: #14: How can my husband open a life insurance policy?
We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?
Answer: ...
Question: #15: How is Term Insurance different from LifeInsurance?
I am planning to buy an life insurance policy. I have heard about this new insurance product- term insurance. I wanted to know its benefits and how is it different from life insurance. thank you for your help. I would really appreciate your efforts if you can help me out with this as soon as possible. thanks!
Answer: ...
Question: #16: Can a life insurance company cancel a policywithin the first two years of inception if suicideis suspected?
My friend has a term life insurance policy that is less than 2 years old. She entered the hospital recently for a newly diagnosed bipolar disorder and had admitted to thoughts of suicide. Within 2 months of her stay and diagnosis, her term life insurance policy was canceled by the insurance company for reasons of risk. Can they legally do this? I read the policy, but am unclear whether they have the right to do this. Thanks.
- asked by jennifer
Answer: ...
Question: #17: Do life insurance companies check your medical records after you die?
Let's say that you get life insurance and claim to be a non-smoker. Then let's say that you start smoking or resume smoking. Assuming that your medical records show that you smoked, will most life insurance companies check your records, see that you smoked, and then cancel your benefit?
- asked by Dick J
Answer: ...
- answered by: Tori
View All Answers (6)
Question: #18: What is the max life insurance for spouse of microsoft employee?
If a male microsoft employee has about $590,000 life insurance policy, how much would his wifes policy be if he maxes it out. Any web site that shows microsoft life insurance policies would be helpful.
Answer: ...
- answered by: rtfm
View All Answers (2)
Question: #19: What happens to the Life insurance policy if thepetitioner gets a death sentences?
I'm just curious about the following scenarioLets say someone has a life insurance and get a death sentences.Would the life insurance policy be automatically void?
Answer: ...
Question: #20: What is the Purpose of Life Insurance Policies for Children?
I thought life insurance policies were for the remaining family members after a person's death. For instance, the main worker in the family should get a life insurance policy to ensure their spouse and children have enough money if somethign were to happen.Now since children do not contribuite to a household income. Why would there be life insurance? Besides the funeral costs, their death would not impact a family financially, would it? I just saw a commercial for one, and it got me wondering. I am only 16, so no rude comments if I have the point of life insurance all wrong here.
- asked by Yup*
Answer: ...
- answered by: MiK
View All Answers (8)
Question: #21: How do I help families not see life insurance as a bill but rather protection for their family?
I am on a crusade to help families become properly protected (create an immediate estate) in case of a loved ones untimely death. Of lately, prospects see life insurance as another bill. Although it is; can any life insurance agent please share with me how they get around to making sales in the life insurance industry? Thank you.
- asked by ~Secretrose~
Answer: ...
- answered by: Chris C
View All Answers (4)
Question: #22: What type of life insurance do you have and why you have it?
I used to own whole life insurance until I learned the hard way about the truth behind it. A life agent said cash value was a great way to build savings for retirement and that I can use it anytime. That sounded pretty great and so me and my husband bought it. About 28 years later, he died in an accident. The life insurance paid the death claim about 30 days after I filed a claim. But all the cash value was gone! With the cash value, I could of used it for my retirement.So now I got rid of my whole life and paid a surrender charge on the cash value. The mortgage is paid off and no one is dependant on my income anymore. So I don't need life insurance. I moved about $45,000 of cash value into various investments.All I have to say to people buying life insurance is do your own research about life insurance before listening to life insurance agents.
- asked by Financial JUSTICE
Answer: ...
- answered by: Doing the Right Thing
View All Answers (6)
Question: #23: How can someone purchase a life insurance policy for someone else without them knowing?
I always see on Forensic Files and other shows about murderers, they are able to purchase a life insurance policy for their spouse or relative without the person's knowledge. Then they kill the person for the money. Why are they able to buy a life insurance policy without the person knowing about it? Wouldn't that prevent some murders if there were better procedures put in place?The shows I am talking about are shows abotu real people and real murders. Forensic Files, Snapped, even dateline.
- asked by p
Answer: ...
- answered by: james m
View All Answers (6)
Question: #24: What is the difference between ordinary life insurance and term insurance?
I heard about "term insurance" whose meaning is not clear to me. Can anybody please explain what is the difference between ordinary life insurance (like those offered by LIC) and a term insurance? What are the advantages and disadvantages of the two?
- asked by abhik s
Answer: ...
- answered by: Pranav
View All Answers (9)
Question: #25: How can my friend find out if her late father has a life insurance policy?
My friend's father died recently. Twenty years ago, her father took out a small life insurance policy to pay for his funeral expenses. The beneficiary is my friend's stepmother. The stepmother doesn't even recall a life insurance policy. She wonders if he had cashed it out. How can my friend find out if a life insurance policy still exists? Those unclaimed fund sites don't usually include life insurance policies, and the life insurance company may not know that a death has occurred.
- asked by Mary Anne
Answer: ...
- answered by: Margarita D
View All Answers (6)
Question: #26: How does life insurance agent earn if no commission comes from insurance company?
Currently, in India, the premium charged from client for life insurance policies includes the commissions that the agent will receive from the insurance company.New scenario is developing: Life insurance companies will not give any comission to agents but the agent will charge a fee.Any one has clarity how this works in other countries:1) What kind of fee is charged by agent2) Is the fee disclosed to client3) What about subsequent years earnings4) Does the insurance agent come under service tax this way
- asked by r_wadhwa
Answer: ...
- answered by: Chris C
View All Answers (3)
Question: #27: What is the difference between accidental death life insurance and regular life insurance?
What is the difference between accidental death insurance and regular life insurance? Which is a better buy? Wouldn't all deaths (excluding illnesses) be accident? If you only buy life insurance and don't include accidental death insurance then what is usually excluded? Thanks!!!(I know its different for every insurance company, I am just wondering what generally the outcomes would be)
- asked by Sweetask
Answer: ...
- answered by: Doing the Right Thing
View All Answers (10)
Question: #28: How long does a life insurance company keep a death certificate?
If a person who died many years ago was said to be listed as beneficiary on a life insurance policy of a relative, and the insured relative died last year, about how long does the average insurance company hold the certificate during its investigation? Weeks or months? Does it make any difference that both people lived in different states?Please state some factors involved. Thanks.
- asked by JbAchoo
Answer: ...
- answered by: William E
View All Answers (3)
Question: #29: What kind of life insurance should my husband get?
We are looking to get a life insurance policy for my 25 year old husband. We have three young children so we're trying to figure out what would best provide for the family if God forbid something were to happen to him.
- asked by Cherry
Answer: ...
- answered by: makg View All Answers (9)
Question: #30: What kind of life insurance do we need? and what is a good company to buy from?
My husband and I are 28 years old, have three children and plan to have one more child in the near future. We live in Virginia (DC area). His annual earnings are about $70k; I also work part time earning annually about $35k. We currently have life insurance through our employers, but we want to get policies on our own. Can anyone recommend a good company to go with and a type of policy that we should get?Also, should we get life insurance on our children? if so, what kind?The goal that I want to accomplish with the life insurance is this. If my husband or I was to die, I would want my children to continue the same financial life that they would have had with both parents living. For this I am calculating that we need about a $2 million policy. After our children are grown, I would like for us to have a lower policy; just enough to cover the cost of bills and a little something to help the kids, I am thinking something around 200k.
- asked by LISA
Answer: ...
- answered by: mbrcatz
View All Answers (7)
| 
measure and fulfill your financial needs
