Term Life Insurance-Term Life Insurance Rates

bradys_mommy asked:


We are switching from Universal Life to Term and are going to surrender the policy, but the value is pretty high. Are we going to have to pay taxes on this?

Shawnta Montan

asked:


My sister is disabled and is looking to buy life insurance, is it better for her to buy term or whole life. She can get some policies that will cover her, but not for what she has
I apologize for not giving enough details. She would have a life partner left , she is also worried about her funeral and what it would cost. I appreicate all the asnwers so far and they really have us thinking. She did get a quote of $39 a month for term which is through the Catholic Church she belongs to. They guarantee the premium will never go up, Can they do that? and it also has a $3500 cash value at the end, which is about 1/3 of what would be paid in. I realize in the long run, it would be better for her to save the monye, but she is worried if something would happen from now to 5 years from now. Also the term would be from now, she is 48 until she was 70.

Travis Howry

lucstudent asked:


I know their fees are ridiculously high and their returns aren’t anything special. I feel that it’s smarter to buy term life insurance and invest in no load mutual funds versus putting money somewhere that charges fees for everything.

Rashad Mcgillivray

Jorge asked:


I want to buy a 30 years fixed term life insurance. Where can I buy the policy not spending lots of money?

Gennie Lanfear

honestspeaking asked:


My daughter’s father family does not acknowledge her even though they know of her and the father does not even talk to her. He also has two other kids. I told him I wanted to get a life insurance policy just for her on him in case something happens to him she doesn’t have to be without, I figure that’s the least he could do since he is in the arrears for child support. He wants a 250,000, and I told him no I want atleast a million because you have done nothing for her which she is 12. Should I get term or life.

Jennell Dolder

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