Insurance coverage is extremely important to protect from unpredictable events that can dramatically alter life situations. Accidents and illness and other unforeseen events can happen to anyone at anytime. To protect from unfortunate situations and protect loved ones from difficulties insurance coverage plays a very important role. Insurance is highly recommended to people of all ages and there is an insurance coverage to cover most situations or events.
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I have a whole life policy. Should I cash it in and get the cash value or keep it? It's $150 a year for $12K.
Had the policy for 20 years. I have a 30-year term life insurance policy and life and accidental death insurance through my employer.
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Should I get Life insurance now or when I move??
I want to get a 30-year term life insurance. How I understand it, you pay the same monthly payment, no matter what, for 30 years. If you die, you get the money; if not, then you don't. I live in colorado, and I hear insurance is more expensive here. I'm thinking about moving soon. Mabybe Cali or something. Should I wait to buy? Because I would be saving a lot of money if there where a $5 difference in monthly payments. Or will the insurance go down when I move?
I'm 20 now. Just looking for something so my wife won't have to worry about money. No kids (yet). Oh I don't borrow money, I was just using that as an example.
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Universal life insurance a good idea for dev. disabled heir?
I have a developmentally disabled daughter. I would like to be sure leave her money when I do die. I have a 30 year term life insurance, I'm 35 now. I'm afraid that when I'm 65, I will not be able to get life insurance so she will for sure have something to take care of her when I'm no longer there. Would universal life insurance be good in this scenario? The agent says I can stop making payments when I'm 60 (of $100 a month) and there will be a payout of $250,000 even if I live to be 100. Will she also have to pay taxes on that life insurance?
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