Term Life Insurance-Term Life Insurance Rates

Scott asked:


The main reason that I am interested in the Joint Policy is so that if either my wife or I died, the other would have enough money to pay for the burial of course, and then also pay off the house, vehicles, and any other debt, so that she or I could keep the kids in our home. If I am understanding it right, by doing joint, I can get a larger pay out on the first death, instead of splitting the amount between two policies, which would only result in half of payout on one death for a comparable premium, which isn’t the situation that I am looking for a solution too. I look forward to all of your responses, and thanks in advance.
Thanks for all your suggestions so far, but I guess I should have been a little more clear. I have checked with different brokers, and online companies, but just can’t find any that offer the product. I know there has to be at least a couple of reputable companies that do, but I just can’t seem to find any in the U.S.

Patricia Noke

Finance1o1.blogspot.com ® asked:


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.

Corrina Trebbe

ronna asked:


What would be the cheapest term life insurance policy available?

Walter Tieger

James F asked:


i have term life insurance that i signed up about ten years ago that is going to expire soon. what’s the benefit of paying my balance if the policy is going to expire?

Carmen Candela

ram asked:


what are best term life insurance rates ? where can i find correct info? can any one help me regard it

Edward

do you know me? asked:


I am looking for a quick no medical exam required term life insurance, where do I find that at, at a resonable price?

Scott Taps

GARY asked:


My wife and I just bought a Universal life insurance policy. We each have $100,000 in coverage. After talking to my parents, who are 59 and 58 years old and have term life, we think we are paying too much per month for premiums. Our agent showed us and told how the premiums we pay will partially go into a savings account and collect interest. This looked like a good thing and that is why we went with the Universal coverage. He also told us that the premiums for term would keep going up as we got older. My parents pay a combined $65/month for there life insurance (with $150,000 coverage each). My wife and I pay a combined $125/month. After talking to my parents and reading up on the difference between universal and term, it seems that the money that is suppose to be in a “savings account” with universal, might not be all it’s cracked up to be. I know they gaurantee you a certain interest rate, but that is only if they perform and make the profits that they need to. My question is will there really be as much money in a “savings account” as the agent showed us, or will we cash out at the end and only get a few hundred dollars? Can you explain the difference a little better for me? Thank you very much for your time

Edward Cullen

GARY asked:


1)I already have term life, I now have an opportunity to get a small whole life policy. I wanted a whole life policy, but at this time can not afford it. Does it make since to purchase a small plan, which would give me a little more coverage and give me the benefits of a whole life plan as far as, cash value building, that I could possibly use if needed?

Tad Michalik

no one asked:


Will SSI consider the payout income and then deduct the ammount from what they would normally pay out?

Errol Roat

Victor asked:


I was told Whole is better, but how? What are the differences between, Whole, Term, Variable and Universal Life Insurance?

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