I have a $1,000,000 whole life insurance policy. I’m wondering if the following charges are customary in the insurance industry or excessive? 1. The net cash surrender value is $24,990. 2. The expense charges are 15.5% of the premium. (Which seems high to me, but I never had life insurance before.)
Posts Tagged ‘Insurance’
Can full-time caregivers get health insurance?
06
Jun
My uncle is thinking about quitting work to take care of my grandmother (his mother) full-time. She is diabetic, blind, and unable to walk more than a few feet a couple of times a day. He’s been working full time and caring for her full time. As she gets worse, it’s getting to be too much. He can take 12 weeks of Family And Medical Leave, unpaid. But would he be covered by his employer’s health insurance during this time?
If he quits his job entirely, can he get coverage from any other resources?
She has a small annuity, some savings, and Medicare coverage, so it’s not her living costs we are worried about, but my uncle’s health care coverage.
We try to pitch in and help as much as we can. But it’s a full-time job (and then some) to be a caregiver. What can we do?
We live in Arkansas.
Can I roll over an insurance annuity into a roth or a 457 account?
02
Jun
The annuity is a 403b.
Page 26 of IRS Publicaton 575 says yes – a 403(b) can be rolled over into a qualified retirement plan.
My not clearly specifying it was a 403(b) added some confusion. Thanks for the assistance.
Can someone please give me advice on what is best: Life insurance, Annuities or Term if you’re 53 years old?
01
Jun
I’m looking to invest in life insurance, annuIties and term insurance, mutual funds. However, I don’t know where to start? How can I invest especially in annuities if I want to get a check a month in about 10 years to live on when retiring. My friend’s mom invested in annuities and when she got sick at 55 years old and couldn’t work she was receiving annuities check which helped out alot.Can experienced people respond who have annuities, life insurance and/or term insurance with the kind of insurance they chose and which company you chose and WHY YOU CHOSE TO GO WITH THAT PARTICULAR COMPANY.THERE ARE SO MANY OF THEM OUT THERE…ITS’ CONFUSING AS TO WHICH ONE IS BEST? Thanks in advance for advice.
would you recommend purchasing an annunity from an insurance company for retirement purposes?
29
May
Is there a p&c insurance co. in the state of Oklahoma that will sponsor a person for the p&c licensing exam?
25
May
I’m licensed life/health/annuities and series 7 series 63 (non-active). Been out of the industry for a while and am giving it my all as an independent agent. Want to add p&c to my practice.
i’m working a new job in an insurance company for life insurance(term and universal), disability, annuities?
19
May
i wanna get a headstart on how this business works to impress my boss, any website that could help me learn?
can someone explain some of the terms used on a life insurance policy?
19
May
ie.cash value,surrender charge,policy cash value and policy cash surrender value.what do these terms mean???????
Under Obama Care, do we have to surrender our 4th Amendment so Insurance can establish Pre Existing Conditions?
16
May
Obama said effective Immediately Insurance Companies can charge More for pre existing conditions.
How will they establish this without DNA Profiling and superseding the 4th Amendment
Life Insurance in the millions….
15
May
Isn’t it true that when you have a life insurance policy in the hundred thousands and even the millions the life insurance company sometimes doesn’t have the money to pay you all up front. And they will give you the money in the form of annuity payments? Sometimes those annuity payments will spread over months and even years. Those insurance companies do not give those people the full amount of those hundred-thousand dollar policies. Or million dollar policies?…Am I right?
They only give people who have a $10K life insurance policy or something in that range all of their money as soon as the person is deceased!?
Why do broker dealers do not want to be involved in insurance?
11
May
I am referring to broker dealers of annuities which has underlying security funds.
Should I unload my Variable Life Insurance?
11
May
I have had this variable term life insurance policy for almost 10 years now and it hasn’t kept up with the projections the sales guy told me 10 years ago. This is mainly due to the high fees. About 55% of my yearly contribution is lost in “fees”. There would be a surrender charge if I were to withdraw. Should I take the hit or keep putting an annual contribution into this account? I do have life insurance through work should anything happen.
New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products
10
May
Product Description
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Life insurance licensing?
06
May
Has anybody ever taken a test to get your license for life insurance, health and annuities? I’m about to take a test and was wondering if there were any good websites available or even any tests. Any advice would be great!