Insurance FAQ
 

Quick Query About Life Insurance....?

Question by Pat | Posted in Insurance

Ok, i just got a quote for life insurance, thing is it says it will be paid out if i die before a certain age. What happens if i die past that age? Do the company just keep all the money?

Answer: This sounds like a term policy.

You guessed it. IF you don't die with in the term (when the policy expires, when you hit a certain age), the company just keeps the premiums. Think of it like renting a house. You have no equity. If and when you move out, you just hand back the keys and thank the landlord for the tempory coverage. You get no cash back.

If you are looking at providing coverage that does not expire look at Whole Life insurance. It will be more expensive, but at least you're getting something that you will have a better chance of using. Obviously depends on what you need it for though. They are different products for different purposes, there
 
 

Question About Life Insurance?

Question by Lisa | Posted in Insurance

Here is a little background info...I am a month away from joining the navy and going to flight school, I am 26 no health problems and my wife is 23 with no health problems. I went to get car insurance and the lady suggested i get life insurance now why I am still considered a substitute teacher. She said once I join the military It will require A lot more info and also my career will be considered hazordous. Does this sound right? And finally she just did a quick quaote and to cover my wife and

Answer: There's a lot of different topics working here. With regards to those from whom you take financial advice, remember two things: Anyone who makes a blanket statement that whole or permanent life insurance is automatically a bad idea hasn't a clue about life insurance; and most agents selling auto insurance don't either. Anyone who refers to cash value as a savings or investment plan or component (although there are appropriate applications for this) doesn't understand the purpose of cash value.

Life insurance should not be treated as an insurance product. It is an intricate financial tool to be employed as part of a complete financial plan. The "buy term and invest the

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A Friend Of Mine Was Driving My Vehicle And Got Into An Accident. Now Refusing To Pay For Damages?

Question by xkatex | Posted in Law & Ethics

A friend was driving my car and damaged it. Now refusing to pay for damages. What should I do?
A (now former) friend of mine was driving my car. Myself, her and a mutual friend were all in the vehicle. She was backing out of a driveway and backed into a hydro pole damaging my quarter panel.

She claimed she would pay for it no problem just get her the quote. I got her the quote but she was having a rough time with life (dad had back surgery, got kicked out of her house etc.)

Answer: File a police report and, and take her to small claim court.

Keep the text messages as evidence since she's basically admitting everything (even better if your phone company have them printed for you). Also keep and print the emails; DO NOT tell her about the evidence or she will try to cover her tracks; also get some witness willing to testify.

Also if the hydro pole was damaged the police will be very interested to make her pay for the repair of the pole.

You also learn an important lesson: there is no loyalty among women.

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Recommended Term Life Insurance Quote Over The Internet « Payday Loan

by Dan

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