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coaster
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quote:
Originally posted by runawaykinms
Let the insurance companies focus on the life insurance and the investment groups focus on accumulating your wealth or savings.


I commend you, sir.

Have a nice Christmas. Smile

~Tim~
Post Sat Dec 24, 2011 7:43 am
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sethm
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Personally, I think term life insurance is much more practical than whole life insurance, since it is cheaper. Based on the difference of premium of term against whole life, if you can put the cost saving in a separate investment account and if you would impute an earning on said account, you generally would come up better in term of cash flow with a term insurance.
Post Tue May 22, 2012 3:20 pm
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indieagent
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Term life insurance is a good choice for people who are on a tight budget since it offers a lot of coverage for a relatively lower monthly premium. Whole life, on the otherhand, is perfect for those who can afford a higher premium and want to avail of guaranteed death benefits and cash values.
Post Wed May 23, 2012 7:46 am
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mcjohn
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Yes life insurance is very useful for you and your family financial coverage. You can also go for private health insurance or medical insurance.
Post Sat May 26, 2012 9:37 am
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kandhoshlo
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Continued financial support of persons (typically children and/or spouse, and perhaps parents or siblings) who would be financially distressed by the loss of financial support in the event of your death is usually the motive for having life insurance.
Post Tue Jun 05, 2012 6:30 am
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jallyjames
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Term protection is a should have protection. There are online designs and offline designs. Features accessible offline are not accessible online so I took an offline as well as an online policy....
Post Mon Jul 15, 2013 9:21 am
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challenger73
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life insurance question  Reply with quote  

45 yr old, single....live in gf of 7 years,(married basically) been healthy, non smoker, drinker,....no kids........thinking of buying a whole life insurance policy. I know many on here say poor returns on the whole life.....asking in my situtaion....im not even sure if i should have any insurance of that type? I have no siblings as well. ONly child, and my folks are 19 yrs older than I.
Im asssuming I will receive all of there estate at time of there death, but at only 19 yrs apart, I could pass before them. Should I just put more of my disposable income in the market, mutual fund ect....To me the whole life option is safe, and im very conservative. My insurance agent is telling me a 5 year investment yield is 5.53%
Post Thu Aug 22, 2013 2:57 pm
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oldguy
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quote:
To me the whole life option is safe, and im very conservative. My insurance agent is telling me a 5 year investment yield is 5.53%


A caution: Whole life is 'sold' to many people, they do not go out shopping and 'buy' it. So forget the agent (yes, it's the highest commision product in finance) - do your research and then shop for what you wnat to 'buy', don't find yourself trying to defend yourself on why NOT to buy.

The purpose of life insurance is to provide for your dependants if you should die young - ie, the insurance would replace your salary for your family, allow them to keep the house, finish school, etc. Usually $500k to a million is needed. You have no dependants to raise & put thru college - so who would your insurance be for?

BTW, most of the 5.53% yield is your own money coming back. IMO it would be far better to skip the insurance and invest at 8% to 10%, you'll have way more money when you retire. Very Happy
Post Thu Aug 22, 2013 3:54 pm
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ankitwebspy
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Life protection is secured future for the dependents who will be deprived of the income if some eventuality occurs and the income ceases immediately...
Post Wed Oct 30, 2013 7:14 am
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Jackssmith
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Life insurance  Reply with quote  

Life insurance benefit for every user because pays some money for particular time period which receive with increment.
Post Thu Nov 21, 2013 6:10 am
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caddariclarry
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Life insurance will be classified into five types such as term insurance, endowment policy, money back life insurance policy, group insurance and unit linked insurance policy. Each of them has different benefits. Before we can choose any of them, We must completely go through its rules and regulation. Mostly, I preferred the term insurance plan for my future savings.


No promotional links in the post body, please
Post Thu Jan 02, 2014 6:29 am
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albertjohnson
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Decent post ,Life assurance is secured future for the wards who will be denied of the salary if some projection happens and the wage stops quickly...


Los Angeles Personal Injury Lawyer
Post Fri Feb 27, 2015 10:07 am
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JackClark
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Insurance began as a way of reducing the risk to traders, as early as 2000 BC in China and 1750 BC in Babylon. An early form of life insurance dates to Ancient Rome; "burial clubs" covered the cost of members' funeral expenses and assisted survivors financially.

http://trantr.com/category/finance
Post Fri Apr 17, 2015 10:32 am
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