Term Life Insurance Answers

What company do you like for life insurance?

Term Insurance Gal — Tue, 09 Mar 2010 18:09:32 +0000

I am looking at changing my 20 year term life insurance. I am looking for recomendations. I am currently with Primmerica Life. Persons with some actual experience in this area please.

Should Keep or Look into term Life Insurance Quotes?

admin — Sun, 07 Mar 2010 19:58:51 +0000

I have a whole life policy which I have been paying 45.00 per month for 16 yrs. I have to pay this amount until age 99 so they say. The amount it was for when I bought it was 50,000. It builds cash value. I am now 62. Should I keep this policy or look into term insurance?
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Need the cheapest term insurance for someone 55 years old?

Term Insurance Gal — Sat, 06 Mar 2010 23:04:55 +0000

I would like to buy a 0,000 term life insurance policy. I am 55 years old. Anyone know about how much this would cost me and the best company to buy from?

Can a 20 year term life insurance increase their premium after 10 years?

Term Insurance Gal — Thu, 04 Mar 2010 06:12:42 +0000

I bought a 20 year term life insurance with payment that I assume should be the same monthly for 20 years. When I received my Life Insurance Policy, it says my Initial Term Period is 20 years, but my Guaranteed Level Premium Period is 10 years. The policy also contains a "Schedule of Maximum Annual Premiums by Year" where it states that my maximum total annual premium is the same for 10 years, but goes up every year in the 11th year forward. When I asked the agent about this, he says it is standard that the insurance company has the right to increase my premium after 10 years, but they hardly ever do that. Is this true, or am I being hoodwinked? Thanks!

Dilemma: Whole Life or Term Life Insurance?

admin — Wed, 03 Mar 2010 08:10:16 +0000

I’m trying to get insurance for my mom through Colonial Penn. I’m so lost right now. If something happens to her I want all of burial cost to be covered. She’s 48 with minor health problems. I got a quote for Whole Life .48, Term Life .45. Big difference. I’ve been reading that Whole Life insurance ia a rip-off but I’m still confused. Can you guys please help me. Thanks a bunch! :

my age 40 years, may i go PURE TERM PLAN or WHOLE LIFE INSURANCE PLAN.Pl suggest company name?

Term Insurance Gal — Sun, 28 Feb 2010 22:26:05 +0000

what r the difference between TERM INSURANCE & WHOLE LIFE INSURANCE.

Dilemma: Whole Life or Term Life Insurance?

admin — Fri, 26 Feb 2010 19:59:19 +0000

Best Strategy for a basic Level Term Life Insurance?

Term Insurance Gal — Fri, 26 Feb 2010 05:34:58 +0000

Anyone have a good source or strategy for getting level term life insurance from a good solid company?

I’ve had several agents quote me but they seem high compared to prices that my colleagues have attained. They all seem to shy away from the basic level term life insurance and push multiple riders…its obvious they are trying to maximize their commissions.

I’ve considered using a fee-only insurance advisor but the only local one I’ve found is 0 an hour.

Is Bajaj Allianz a reliable company to go with for a long term Term Life Insurance cover?

Term Insurance Gal — Tue, 23 Feb 2010 05:57:13 +0000

Does universal life insurance make sense for us over term?

admin — Mon, 22 Feb 2010 08:09:36 +0000

We are in the process of getting life insurance quotes. Married, wife is 23 and husband is 27 (he is a pilot so has horrible rates). At first we thought we would want a 30 year term policy for 0k. When we met with an agent he gave us quotes for term and universal life. The premiums were about more a month (increased from 0 to 0 for the two of us) for the universal life policy. I would have never considered a permanent policy until receiving these numbers as from my research I thought we would get very low term rates and unaffordable permanent policy rates. 0/month is unaffordable so we are likely going to drop our amount of coverage to the minimum we’d need anyways. I don’t foresee us to need insurance after the 30 years is up, we would rather invest on our own, etc. Just looking at the cost per month and that after 30 years we’d be out the 0/month with nothing to show except peace of mind vs. after 30 years paying 0/month having a bunch of money guaranteed to us (another form of retirement savings although with high fees), would it be dumb to choose a term policy because of our weird rates? Which should we pick (I am still shopping around to make sure I can’t get a better deal on term but this is going through our family’s agent)? Thanks!
From the guaranteed projections for this 50% fixed 50% variable (based on S&P500) policy we would come out ahead vs. investing the /month difference on our own. Otherwise, I would never even consider this. I had always heard it was better to get term insurance. Thing is, our rates are so high as my husband is a pilot (otherwise it would be under /month and term would be a better deal). The goal is to protect the surviving spouse against our debts for the next 30 years while we expect to have debts (or our parents if both of us die). Are there any other types of permanent insurance that we should look at instead that may still make more financial sense than universal? I am also getting more quotes to see if this term quote was high. Also, this rate is subject to decrease after they evaluate the questionnaire my husband answered about his flying (the agent assumed he would get the same rating as his other clients who are pilots). We have separate retirement savings.