Term Life Insurance-Term Life Insurance Rates

Taryn asked:


I am a married woman with no children. My husband does not have benefits through his job, so I carry all the insurances. He does however have a term life insurance policy on himself through an outside company. I am doing my enrollment for my 2010 benefits through my employer. I currently have employer paid basic life insurance and I also have supplemental life insurance, (for extra piece of mind). My question is, in addition to the supplemental life insurance, I also have an option for supplemental spouse life insurance. Does that mean if something happens to my husband my insurance will pay me? I’m confused.

Wiley Colarossi

Procastinating lazy liars asked:


Whether its whole life, universal life, or variable life, when you pay your premiums, your premiums are being paid for two things: 1) Term insurance and 2) Cash value.

At the beginning, most of your premiums are paid toward the cash value. As you get older, term insurance gets more expensive, so less of your premiums goes toward the cash value.

So the notion that says cash value life insurance isn’t Term insurance is not true. Both provide coverage to age 95 or 100. But cash value policies has term insurance premiums that goes up every year, even though premiums as a whole may remain level. But buying term insurance by itself remains level for awhile and only go up when you renew it.

If that’s now how cash value work, then what do you make of it?

Kacie Grismer

Jason asked:


I was considering buying Life Insurance now because I thought it would be much cheaper than to buy it when I start to get older. I don’t know anything about insurance, I know there is term life insurance then there is universal or something.

I am 18 years old, I don’t smoke and rareley drink. If it jhelps to know, I have never been diagnosed with any sort of disease. My grandfather did have prostate cancer, I’m not sure if that is relevant and my other grandparents both died of heart attacks in there 40s.

How much do you think would it cost for, whenever I die, a 1 Million dollar life insurance policy.
Thanks for all of the answers everyone, I didn’t expect so many good ones. Although I feel I’m still a little confused maybe I’ll consult an insurance agent, because I’m still uncertain which type of insurance is the best for me, I pretty much think that term life insurance is not good for me because even if I bought a 30 years term policy and I live past my 48th birthday I’ll get nothing from it.

Raymundo Woodall

Debbie M asked:


what do they mean by 10 -15 year term life insurance

Winifred Ward

Anathema asked:


I have a developmentally disabled daughter. I would like to be sure leave her money when I do die. I have a 30 year term life insurance, I’m 35 now. I’m afraid that when I’m 65, I will not be able to get life insurance so she will for sure have something to take care of her when I’m no longer there. Would universal life insurance be good in this scenario? The agent says I can stop making payments when I’m 60 (of $100 a month) and there will be a payout of $250,000 even if I live to be 100. Will she also have to pay taxes on that life insurance?

Cordell Tannehill

JONI asked:


I am looking for life insurance form my husband. He was turned down by a company because he is pre-hypertensive…meaning they are treating b\p that is a little higher than usual…but NOT hypertensive…he is now being labled with heart disease.That is a joke !!!! Because he is being treated early his chance of developing heart disease or having a stroke is MUCH LESS !!!! Stupid company !!!! However, now I am looking for an insurance that is inexpensive and will pay out on his death only…….I don’t want to use it as an investment or savings…any suggetions about a company or type of insurance I should look for…I do not want a thousand insurance companies calling me either !! Help !!!!!

Paul Watford

That’s Miss Cissoko to you! asked:


I’m trying to get insurance for my mom through Colonial Penn. I’m so lost right now. If something happens to her I want all of burial cost to be covered. She’s 48 with minor health problems. I got a quote for Whole Life $60.48, Term Life $18.45. Big difference. I’ve been reading that Whole Life insurance ia a rip-off but I’m still confused. Can you guys please help me. Thanks a bunch!

Tiesha Der

aelp asked:


My husband and I both have odd life insurance policies. They are considered term policies because they do expire, but as long as we don’t die, we get all our premiums back at the end. It was a new type of product they were offering. Since we are young (25) we thought it was a good idea because basically when we turn 45 we get all that money back to do with as we please.
Anyways, what if AIG can’t pay us back in 20 years…?

Nick Dehart

Danielle L asked:


Do I qualify for a medical billing job? I heard it might be so…

Barbara

aelp asked:


My husband and I both have odd life insurance policies. They are considered term policies because they do expire, but as long as we don’t die, we get all our premiums back at the end. It was a new type of product they were offering. Since we are young (25) we thought it was a good idea because basically when we turn 45 we get all that money back to do with as we please.
Anyways, what if AIG can’t pay us back in 20 years…?

Hedwig Naz