Archive for November, 2008

What is the best kind of life insurance to buy?

Saturday, November 29th, 2008

I am 42, husband is 49. If one of us dies we want to be able to pay off a new home we are purchasing and any other major debt. I've seen whole life, term, level term, 10, 20, 30 year term. It's all so confusing.Elease

Borrowing agianst cash value of whole life insurance policy?

Saturday, November 29th, 2008

My whole life insurance statement reflects that my cash value is $49K. Can I borrow that amount or just a portion? Do any previous loans need to be subtracted from the cash value reflected?Melinda

Can you sue a parent for hiding life insurance on the other parent?

Friday, November 28th, 2008

My parents are seperated and one of them just died recently. My other parent says they do not have a life insurance policy on the deceased parent. I do not believe that and was stuck paying for a funeral. If my parent lied to me, can I ...

Is it possible to get life insurance on a 70 year old male in poor health?

Friday, November 28th, 2008

I would like to get life insurance on a male family member in poor healt. He has diabetes heart trouble. Is it possible to get someone at that age insured for life insurance? I would like to get some true answers before asking an agent.Ileen

What is the importance of life insurance plans?

Friday, November 28th, 2008

I actually planning to get one life insurance for myself. But, I dont know the benefits of this one? Can you please advise?Nichole

Can someone tell me the difference between Primerica and Western Reserve Life Insurance?

Friday, November 28th, 2008

My husband just bought Primerica Life Insurance and I have had Western Reserve Life Insurance for almost ten years. My husband and Primerica are telling me to switch from WRL to Primerica because I'm spending too much money for WRL and I'd save more money by switching to Primerica. ...

Can I have life insurance from multiple insurers?

Thursday, November 27th, 2008

I have life insurance through my employer. But the max I can get is 5 times my salary. Because I don't think that's enough to support my wife in case something happens to me I also have extra life insurance with 2 more insurance companies. Is it okay to have ...

What exact is whole life insurance, and how do life insurance companies profit from selling it?

Wednesday, November 26th, 2008

Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the ...

Life Insurance?

Wednesday, November 26th, 2008

I am helping my friend to get out of the life insurance policy. she signed the policy about eight years ago, however given the current economy downturn she would like to terminate this policy. How would be the best way to terminate this policy i.e. not losing the premium paid ...

Can a person with terminal brain cancer obtain life insurance?

Tuesday, November 25th, 2008

Recently my sister has been diagnost with terminal brain cancer. She has been given 6-12 months to live. She is a 50 year old living in Michigan. We are wondering if there is any chance of her obtaining life insurance. If so from whom?Toney