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What US Life Insurance Companies Are Best For Males Over 50? |
Question by TP woman | Posted in Insurance
My husband needs term life insurance. He's 52. What companies do you recommend? How much do you pay in premiums per year?
Answer: There are many good life insurance companies for you to choose from for your husband's term life insurance.
Remember, term life insurance provides protection for a specific number of years, usually, 10, 15, 20 or 30 years. When the term expires, there is no life insurance left. Also, term life insurance builds no cash value within the policy. You pay only for the insurance protection.
The amount your husband will pay per year will depend on several factors, including: his age, health condition, height, weight, smoking status, cholesterol level, if he is on any medication, his family's health history, number of years he needs protection, amount of coverage, any hazardous |
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Is It Possible For Someone Who Is Over 50 And Disabled To Find Life Insurance? |
Question by The Poor Widow | Posted in Insurance
Ummm...
Make that AFFORDABLE life insurance...
Answer: You didn't mention what type of disability you have, but yes, you can purchase life insurance. The type and the premium will be based on your health, and the state you live in.
Even if you are totally "uninsurable", you can still purchase a "Graded Benefit" policy, if you have not been diagnosed as "terminal", or are currently in a hospital or nursing facility.
A Graded Benefit policy has a two-year waiting period before it will pay the ultimate face amount. Considering the disability, the premiums aren't that bad.
Here's an example of one company's rate:
$42.40 annually per $1000 of insurance up to $15,000, |
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How Do I Claim Life Insurance For My Mother After My Dad Has Deceased? |
Question by ablackhurst2005 | Posted in Insurance
My father has 2 different life ins policies, when calling bankers life they said they need the original policy. One of the policies was over 50 years ago, no way i will find the original. Where do I turn for assistance in turning in these policies? Does any one no the process of documents, and legalities that need to be done after a death?
| Answer: All you need is the policy number itself. Often times people don't keep the policy number in a seperate place so it's just easiest to ask for the original policy. As long as you can find the policy number you should be able to get the claims process started. If that doesn't work, the company should have a data base of all their clients. Just get them to search by your fathers name and they will likely need some other information like date of birth or something as well and that should work. If the phone lacky that answers the phone doesn't help you, ask for a supervisor and go up the chain of command. If you know for a fact he has an inforce policy there it shouldn't be difficult to get |
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How Do You Start Over In Life At 50? |
Question by madtire813 | Posted in Marriage & Divorce
help, let me explain, after 25 years of marriage, he filed for Divorce against me.(just think no fault and no answers, he wouldnt say a word to me). In the mean time, I slipped and fell off the roof, (cleaning gutters) I had back surgery and everything seemed "good" with that surgery , but then I had to have bladder surgery too, meanwhile the Divorce was put on hold 2 days latter the lawyer called and wanted me at his office, The Divorce was granted..now here it is a year later, I have
Answer: It's quite easy, I did it.
Eat right, stay fit, take care of your face and hair, always look nice, be pleasant, dress well, don't be negative and put yourself out there and be social. It worked for me. At 55, I am dating a 30 year old that loves me very much.
Whatever you do, don't become a hermit then you will stay depressed. |
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Can I Borrow Money From My Life Insurance Policy? |
Question by Drifter | Posted in Insurance
I have had a life insurance policy since 2002. It is only for $50,000.00. I have always paid and never been late. I am now in a bind and need this money to start up a business. Being that I have had this policy for now a little over 8 years, can I borrow the full amount?
Answer: If it is a term policy there is no cash value fund on which to draw. Therefore there can be no loan.
If it is a whole life or universal life policy a cash value is indeed developed. You could take a loan up to the amount of the cash value that you have accumulated. However, the cash value is not the same thing as the death benefit. The cash value will be a small fraction of the death benefit amount. So a loan is available but the amount will not be enough to start a business. |
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How Life Insurance for Over 50's Works: The Best Life Cover - Over ...
Life Insurance for Over 50's The insured pays a monthly premium to a specialist provider for the remainder of their life in order to receive a cash lump sum upon death. The Requirements of Life Cover - Over 50's It is the best life cover for over 50's because no medical check-up is required. Any individual who is aged between 50 and 80 is eligible to take out life insurance for over 50's. It works in a similar way to whole life insurance , although it has no cash-in value should the policyholder stop making their payments. Provided that the premiums are maintained for the full duration of that person's life, the policy will pay out a valuable cash lump sum regardless of the age of death. Should the insured pass away within this qualification period, the cumulative value of the premiums will be paid out instead. The only requirement is that the insured survives for a minimum period of two years....
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