Affordable Insurance Plans, insurance coverage, health insurance quotes

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.

Term life insurance is usually the best answer for a situation like this. Be sure you take out a policy that will last until your children are grown. Some agents might try to convince you to buy permanent insurance (universal life, for example), but there usually isn’t really a need for that. But, look at the difference in price between term life insurance and permanent insurance, and try to put away some of that extra money into savings over this time. Depending on your own employment situation, you may still need a little finanical "boost" should your husband pass away after your kids are grown (and the insurance term is up). But that is a situation you can start to cover now. If you save over the next 25 years, you will not need the coverage of permanent insurance because you will have built up your own savings nicely.

As others have said, do be sure that if you are home with the kids, you are insured as well, if the additional cost of childcare would impact your husband’s financial state. Depending on the ages of your children, where you live, and the availability of family to help out, you could be looking at $3000 in monthly day care costs. It may be worth taking out a policy on you as well if those expenses would impact your family in a bad way should something happen to you.

If you would like to get an estimate of how much insurance you should buy, you can check out www.vilkri.com/life_insurance_intro.php (currently free if you request beta testing access). This site isn’t affiliated with an insurance company, so it will not try to sell you a thing.

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?

You can buy a separate life insurance policy on your own, in addition to requesting life insurance from your employer, if they offer it.

To get your own life insurance policy you can contact a local life insurance agent, or visit a life insurance quote service to request free life insurance quote comparisons online from several insurers. You can learn about term life insurance at http://free-best-life-insures-comparator-usa.blogspot.com/

Term life insurance offers you temporary life insurance for 1-30 years. It costs much less than permanent life insurance, because it is temporary, and builds no cash value within the policy.

Many young families choose 10, 20, or 30 year level term life insurance because it offers the most coverage at the lowest cost.

Level term life insurance provides coverage and premiums that remain the same each year for up to 30 years.

If you want, you can request life insurance from your employer, but you may have to pay for it, and if you leave your company, or get laid off, the group term life insurance plan ends. You may be able to convert it to a permanent life insurance plan, but it would cost you a lot more. And, if you waited until later to get your own life insurance policy, you may not be able to qualify for coverage if you develop a health condition.

You may want to consider a term life insurance policy for you and your husband. Imagine what it would cost to replace everything you do for your family, and will be doing for your growing family once you have a child.

Bets of luck to you and your husband. And, Congratulations!!!

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!

Basically insurance only works when a large groups of people own that particular insurance. Everyone pays to protect their income, but not everyone is going to use their insurance. So that’s how basically insurance companies stay in business, unless something extraordinary has happen in this country where there’s lots of people are filing for claims and the insurance company can’t pay them all (such as the Hurricane Katrina event).

What is whole life insurance?
1) Its a level term insurance to a specified age (usually to age 95, 98 or 100) plus cash value.
2) It is very expensive when compared to term insurance
3) Cash value grows at a very low rate of return. In the first 10 years, you see a negative return on your money. But long term average is anywhere between 1-4%, depending on the company.
4) If you want to take money out, you have to borrow it and pay loan interest of 5-8%.
5) If you die someday, the insurance company pay the face amount of the policy (minus loans and missed premiums) to the beneficiary, but they keep all the cash value.
6) If you do get to live by the end of policy date (when you around age 100), the insurance company pay you the cash value, but you lose the insurance.

There’s only one reason why that agent is trying to sell you whole life insurance: MONEY!
Next thing you’ll know, that agent would try to sell you universal life insurance, a product that is more horrible than whole life, but it pays out more commissions.

Go with your instinct and find a different company who would listen to your needs. Try this site
http://free-best-life-insures-comparator-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

How to become an life insurance Underwriter? What are the procedures to be followed?

You get a bachelor’s degree, and get hired by an insurance company.

It’s not a free lance kinda job.

Which life insurance company is the best in setting claims? I want to buy a term life insurance for 25 yrs. I am 35 now. Please suggest good plan and life insurance company. Is there any database where we get more information of claim record.

New York Life is the best. The claim will be dealt with personally instead of through the mail. Excellent company!

www.nfgvt.com

I have tried to get life insurance with no sucess due to my felony. The felony was from 7years ago and it was for posession of a firearm. Please help
I have already tired an independent agent and they couldn’t help. Thats why I need to know the company who does.

If you have a felony and planning to get a life insurance, you might want to try the site below and find out how much it cost you!

Life Insurance Adviser
http://www.goodinsurancepolicy.com

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 agent
2) Is the fee disclosed to client
3) What about subsequent years earnings
4) Does the insurance agent come under service tax this way

1) This would be a fee for service senario much like investment advisors, where they will charge you X amount of money per hour for consultation services, whether you buy or not. Just like a lawyer charges you whether you win or not, or whether it even goes to court.

2) I would assume this would have to be legally disclosed to the client before any services are rendered.

3) There would be none. No residual income…if you provide good service/advice they will come back…that’s your future earnings.

4) Depends on your local laws on whether it would fall under good and services taxes or just under a flat income tax fee. Would likely depend on whether it’s an incorporated individual or a person in an independent self-employed advisor role.

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!

You can’t do that without his concurrence. HE should be the one getting the policy.

I keep getting the gut feeling that I need to get life insurance for my parents. Is that possible? If so, which company is the best?

Try this site where you can compare quotes from different companies in your area

http://best-life-insurance-usa.info/

Hope this help,

My parents have a life insurance policy in my father’s name. They are both trustees. They are now divorced. Who receives the benefits of the policy as it has now matured? Any help would be appreciated.

It must be an endowment. Life policies are only paid on the death of the policyholder/named person and are paid to the beneficiaries named either on the policy or in a will. If both parents are beneficiaries (trustees) then it will be paid to them both. They need to arrange with the insurance company who it needs to be paid to. Divorce lawyers will usually arrange for the paperwork to be signed after an agreement has been made as to who benefits. They could split it or one could assign it to the other.