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Posts Tagged ‘Life’

Should I get Term Life Insurance at a young age?

04 Sep

I am currently 30 years old and in excellent health but since I am getting ready to start a family, I want to be prepared for the future of my loved ones. After reading about different life insurance options, I am deciding to go with Term Life Insurance for 20 years.

Is it true that Term Life Insurance premiums don’t change throughout the life of the term? If so, shouldn’t I sign-up now while my annual payment will be low and locked in at this rate?

My employer offers a very small life insurance benefit that I am already a part of but I want more just in case.

While I am asking, are there any circumstances where a payout won’t be made if I were to die under a term life insurance plan? Is it guaranteed? What if I (God forbid) get Cancer or have a heart attack?

Thanks in advance!
Wow, what an amazing set of responses. Thank you!

To add to my details, I do work and make $60k annually. My wife just got laid-off so is temporarily unemployed.

 
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What are some reasons why someone would need permanent life insurance?

27 Aug

I dealt with over 150 clients in my career and haven’t found a single reason why someone would need permanent life insurance. All my clients have term insurance b/c I don’t see why anyone would need life insurance forever. I believe someone needs life insurance at the time when they need it most, which is when they have little savings and lots of debt to pay (such as a mortgage). While I protect the client’s income with term life insurance, I also help them save money for retirement by opening IRAs and/or variable annuities or tax-exempt mutual funds. For kid’s education, I use either a 529 Plan, Coverdell, or UGMA. For estate planning, I setup trust funds.

 
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Any disadvantages to having two (20 & 30 yr) term life insurance policies for half the amount each?

26 Aug

This is in place of one 30 yr term life policy for the entire amount. We have quotes that show a lower combined premium when we split the policies; by about $200 a year. Insurance is for 41 year old male, preferred plus category.

 
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Switching terms or conditions of life insurance?

24 Aug

Ok, so let’s say I take out a 20 year term life insurance policy then after 13 years I want to convert to whole life. If I’m currently at a 1a rating, do I have to go through medical exams again and risk having my rating changed? In other words, what happens if I have a heart attack between now and then and then want to change policies? Would they then rate me 4c or something and it end a relatively larger amount?

 
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60 year old disabled widowed. Need fixed income for rest of my life. Is Hartford variable annuity with ryder o?

19 Aug

variable acct . with insurance and 5% bonus every 5 years (no cap). Hold money for 7 years and with growth projected balance of 300 to 400 thou reasonable? Death benefit for estate. Am paid a monthly benefit based on my highest principal (this does not go down even if market drops.) for life.
Am being told on the above balances I would receive $1,400. a month for rest of life at least, could go higher depending on balance. Help! I am very confused and don’t know if I am making big mistake!

 
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We are getting term life insurance. Should we cancel the whole life policy?

17 Aug

Before my husband and I purchased a home, he had a basic whole life policy. Now that we are homeowners, we need more coverage, so we are adding a term life policy that is probably six times larger than the original whole life policy. Because he has diabetes (he is only 32), the cost of the term life policy is kind of expensive. We are wondering if we should cash in the whole life policy and save the extra money from not having to pay the additional monthly premium? Or is there a benefit to keeping both policies?

 
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Is it illegal to hold a Real Estate license and Life and Health or Property and Casualty licenses?

17 Aug

I am asking because I find myself in a position where I have enough clients in real estate that know me and trust me, therefore I could begin to offer those clients plus new ones home owners insurance, life insurance, disability, and mortgage protection plus lots of other investment opportunities such as annuities. Since things have slowed with the economy due to the lack of jobs I am looking for a way to make more money now since I still have 5 more years of school.

 
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Typical Premium for 30 year $250K Level Term Life Insurance?

13 Aug

Any ideas for a 30 year old male and female (listed seperately) at the standard health rate?
Terrible answer on the price being irrelavent….especially from someone that is a financial advisor. I’ve had 2 financial advisors from two different highly rated companies and they where pushing $1M polices with a combo of pernament life…seriously? I just want all dept wiped if I were to die.

 
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Need a term life insurance policy with no medical exam or health questions.?

07 Aug

Preferrably online. As simple as possible.

 
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What type of term life insurance to get?

02 Aug

I am a 23 year old male that has type II diabetes. I have around $40,000 worth of debt from student loans, and I’m going to be getting married in a year. My parents currently have me covered so that if I die, they can afford my burial and other costs.

I am more concerned about getting a 10 year term life insurance policy to help my wife if I die after we get married. Once we have kids, I would plan on getting something like a 30 year term life insurance policy. Anyways, does anyone have any recommendations on how much coverage I should get and what companies have good rates (especially for diabetics?)

 
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On a Term Life Insurance policy, What does the conversion clause maen?

28 Jul
 
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Is term life insurance pay out tax free?

22 Jul

If not are there any exceptions? State ? etc? Whats the rate?

 
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What is the difference between whole life and term life insurance policies?

18 Jul

My husband wants to take out an insurance policy on himself for our family due to the fact that he is the primary source of income. We have been researching life insurance policies..what is the difference between whole and term life? My husband is 8 years older than me so he wants to make sure that myself and our children are taken care of in the event of his death.

 
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Would you or senior citizens buy Medicare, life, annuity or long term care insurance from an openly gay man?

14 Jul

It was at the the end of a day-long sales training program with a group when one of the business owners piped up, “What we need are some gay guys to sell our merchandise.” She was asked, “Why specifically gay men?”

She answered, “Because when we visited stores yesterday in the City, they were out and willing to tell anyone in a matter-of-fact way. They were personable, fun, you just wanted to buy from them.” I understood from her descriptions of several of these guys why she would want them to work for her.

Expressive gays tend to be extroverts who occasionally tend to make their private business public and sharing information without boundaries. The Expressive is the Grasshopper living for today. Recognized by customers for their uniqueness. Again, their enthusiasm and energy are the spark plugs for your team.

Their enthusiasm can make them feel a bit invincible at times; and can overwhelm Analyticals who want “just the facts.”

Expressive personalities have to process externally while Driver and Analytical personalities don’t. The downside to an Expressives’ natural inclination to show multiple possibilities might require the customer to bring them back to the product the customer is considering, not all of the other possibilities. Their natural enthusiasm can also inflate products’ benefits without devoting time to adequately explaining why.

But I can see how it could easily be confused. An Expressive guy comes out, has to deal with the social ramifications and decide he’s OK with it. Because of coming through that process, there is no baggage so he is free to let himself be open to meeting others. I am okay with me being me. But will the boss and the world be okay with the new me?

That all stems from the basic Expressive personality. In other words, what this owner identified was the personality type that happened to be gay; not a gay person. With me?

The Expressives I think are the most challenging of all the personalities. Their very energy is what keeps many from hiring them. Their creativity, individualism and self-assuredness can be threatening. And when you’re trying to teach them a rigid process your Analtyical employees can easily take to, this personality will constantly challenge why they have to do it “that way.” They will complain their creativity is being stifled – they feel like robots.

What we have to remember is the Expressive is the spark-plug to your crew. They are the one that adds color, excitement and fun.

Is that a gay thing? Or a sales thing?

Should you recruit gay men to sell your stuff? Do yo think business people wold buy6 products and services from a gay guy?

Do women tend to trust gay guys who are expressive? Yes?

You don’t need a lot of Expressives on your sales force but at least one keeps things interesting and fun for your crew and your customers.

My question is selling traditional dry and boring products like insurance, health,Long Term Care in the home. with my french nails, arched brows, sparkly personality do I you think it will work for me or that I am living in a fools paradise and will be received with a thundering thud.

I am not the same as I was a year ago ( In am open now, wasn’t then and there have been hormonal changes too) and I want to reenter the workplace as I am not as I was. What do you think, be nice but be honest. Work places tend to be conservative and traditional and some industries even more so. Help me please !!! LOL

Really some thoughtful advice will be appreciated.

 
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10 yr, 20 yr, or 30 yr term life insurance??

11 Jul

I’m 20 years old, married, no kids. I want to take out a term life insurance plan. (I probably will need it for about 30 years) My question is, should I take out a 30 year plan, so I will be paying the same rates in 30 years? Or should I take out a shorter one, paying less, than purchase another one in 10 or 20 years? I’ve heard speculation that rates will be lower when I’m 40 because life expectancy will be longer. What do you guys think? I’m in good health and don’t have a bad medical family history. Thanks!!
I do have a wife

 
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