Comments for Insurance-Info.net

Comment on How flexible are life insurance quotes. Can I negotiate with company for a better rate? by Truth is best option to trust

Truth is best option to trust — Sat, 09 Oct 2010 03:15:00 +0000

Your rate can not be negotiated when the underwriting is done. If you don’t like your rate, you can refuse to accept the policy within 30 days and there will be a refund of premiums.

What you can negotiate is going through different companies. Shop around. Make sure you check the financial strength ratings from AM Best!

Comment on How flexible are life insurance quotes. Can I negotiate with company for a better rate? by ddnc_dave

ddnc_dave — Sat, 02 Oct 2010 09:28:16 +0000

I think they are pretty firm on the rate once you get it. Some companies are better than others though. Try this link for a quote and good luck!

Comment on life insurance? by Arcangel005

Arcangel005 — Fri, 01 Oct 2010 21:37:37 +0000

This is hillarious. Most people’s opinions on life insurance are WAY out dated. First of all, you should ONLY buy term insurance. This is because no matter how much money you funnel into a cash value policy you will NEVER EVER get it back without canceling the policy. In order to get it before that, they charge you interest, and if you don’t pay it back, they just reduce your face amount. If you die with cash value still in the policy, the company pockets it. If you dont believe me, read your policy. Only buy term.

The only reason to need insurance for your whole life is if you didnt plan on retireing in the first place. In other words, you can cancel your life insurance policy once you have enough cash saved to cover an untimely death.

“Whats wrong with your life insurance” Great book for those that dont believe me.

Comment on How flexible are life insurance quotes. Can I negotiate with company for a better rate? by kimm916

kimm916 — Thu, 30 Sep 2010 13:39:55 +0000

when you are quoted rates for a single/family policy, the rates will be standard and no room for negotiating. if you were asking for rates on a group plan, meaning your an employer of a company then you can negotiate. for an individual policy you take what they quote.

Comment on life insurance? by ewwwenglish4francecom

ewwwenglish4francecom — Thu, 30 Sep 2010 05:21:08 +0000

you have to compare online

Comment on life insurance? by Susan C

Susan C — Wed, 29 Sep 2010 11:24:18 +0000

You do not need a co-signer for life insurance. All you need is a 20 year term policy. This is perfect for someone your age to cover the basics if you were to pass away. Also make sure that you leave your dependent enough to provide them the lifestyle you wish for them. No need for millions, just enough to get a good start and not suffer because you passed early. Most Americans are severely underinsured in the life insurance department. Term insurance is very inexpensive and is all you need. What state are you in?

Comment on life insurance? by Catherine

Catherine — Wed, 29 Sep 2010 09:54:07 +0000

Hi,
You are still young, so usually I would say you don’t need life insurance(yet), but if you have a dependent who could need financial assistance for many years, you should get as much term life (no investment/surrender value = cheaper) as you can afford, as cover will only get more expensive as you get older (maybe sicker) and the sum insured will shrink in real terms over the years. It may seem expensive now, but relatively speaking this too will diminish. Actually cost of cover has been dropping in recent year, compared to when I first took out cover.

There are loads of sites that will give you comparisons on-line or offline – the one I used is listed as a source, but there are many others. Their advantage is that on-line brokers will often cut back commissions to the bone, so can provide real savings. You don’t need anything too complicated, so why pay big broker commissions?

I took out a “saving” mortgage life insurance policy years ago and it was the biggest waste of money, never had a hope of achieving its projected growth. Now I just have straight term insurance and I’m happy with that.

PS I believe Life insurance is also an excellent way to leave money to your heirs from a tax planning point of view…I have seen resources that suggest foreign life insurance even more so – in any case, I believe that the dependent should own the policy on your life and you can ‘gift’ them the premiums if necessary, think this can avoid the insurance being counted as part of your taxed estate ….anyway check that out with a tax expert!

Good luck.

Comment on life insurance? by Truth is best option to trust

Truth is best option to trust — Wed, 29 Sep 2010 01:23:52 +0000

There is numerous kinds of life insurance out there. Problem is: Life agents don’t care about you, only about how much money they can make. If you can’t afford it, they will ignore you. If you do have money, they will sell you the most expensive product there is, whether online or by person.

If you want to read about the different kinds of life insurance out there, this blog sums it all up:

When choosing a life insurance company, you should check its financial strength and ratings from AM Best. AM Best rates all insurance and financial companies. After choosing a company, you need to see what other benefits that the life policy can offer. For example, does it let you use 40% of the face amount in case you become disabled? Do not be fooled by the life agent when he/she says that cash value is good way to build for retirement or that your policy will be paid up. Life insurance is never paid up. Some way or another, you are paying it (either from your own pocket or from the cash value).

I personally own a 30 year term with Primerica Life, which is own by Primerica Financial Services, and have $150,000 coverage on it. I bought it when I was 24 years old and pay about $300/year for it. AM Best rates Primerica with an “A+ (superior)”, which is the second highest rating (with A++ being the highest).

I also have a Roth IRA with Primerica and I put in $100/month into it. So, on average, I’m paying about $125/month to rent wealth while building wealth. Thats what life insurance is. All you do is renting wealth in case you die and your family will have something to use. In 30 years, hopefully no one is dependent on you and you don’t have much debt left. So, you better have lots of money when you retire.

Comment on can i renew my geico auto insurance for just two months rather than six months? by ntifian

ntifian — Wed, 29 Sep 2010 01:10:31 +0000

you would have to call and ask them. if not, there are plenty of insurance companies that sell month to month. that’s what i did one time, when i was moving out of state, i only purchased a one month insurance policy.

Comment on Is there a type of lizard really called Geico? by ReptilesRULE9999

ReptilesRULE9999 — Tue, 28 Sep 2010 10:03:52 +0000

no thats my auto insurence but there is a GECKO do some research they are awesome pets!!!!