Finding The Best Solutions And Ideas For Planning For Your Retirement.
Subscribe via RSS
Obama-care does not include Long-Term Care. In few years about seventy million of elderly are going to need it. Costs of nursing homes are exuberant and not well regulated like in other countries. The yearly premium for Long-Term Care Insurance for those over 65 is approximately ,000.00.
I am going to get some term life insurance. I am 33 and the sole provider for my family (35 yr old wife and 2 yr old son). Am trying to decide between a 10 and 20 year (or other?) term. Any advice?
I have been considering an offer to work as a life insurance agent. I’d like to hear from people who have worked in the industry to find out what the benefits and drawbacks to this kind of career are.
I am married. Both my wife and I have rev trusts. For a new term insurance policy I think I want my name to be the proposed insured, my wife as beneficiary followed by my trust as the second or contingent beneficiary. What can yo tell me?
I have a whole life policy which I have been paying 45.00 per month for 16 yrs. I have to pay this amount until age 99 so they say. The amount it was for when I bought it was 50,000. It builds cash value. I am now 62. Should I keep this policy or look into term insurance?
This goes out to all the idiots who answered me before saying take your personal problems elsewhere, or i was dooped for having a 5th grade education. But actually i have 0,000 term life insurance, max out my Roth IRA everymonth, and have my own Primerica business. So for all you EMPLOYEES, or corporate slaves, i ask you, how much are you putting into your Roth? And lets not lie now, ok. Oh yea can you tell me what the rule of 72 is? Have fun at your 9-5.
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.
Last year, we coverted our one car garage to a living space by enclosing it, adding a window, finishing the floor. No plumbing is added. From outside, it still looks like a garage. We didn’t apply for a building permit. We are thinking of refinancing the mortgage. Note: It is in New York State. I am wondering if the converted garage will casue any issue during apraisal, title search, title insurance,etc. Thanks in advance.
I will have my Life, Health and Variable Annuity license soon, but what does it legally take as far as licensing for an agency? Will the agents be directly appointed with each insurance company, or will they write for the "agent in charge?" Thanks
I want advice on 2 financial issues:
#1.I just found out that my grandfather (who recently passed away) bought a variable life insurance policy on me many years ago. I have completed the process to have it transferred to my ownership. I want to cash it out and use it as money down when I buy my first home this year (and buy term life).
#2. Sometime before the end of this year, I will also be inheriting some money from my grandfather. I would also like to use this money as a downpayment on my first home purchase at the end of this year.
I want to know the way I can pay the least amount of taxes in utilitizing this money in using it as a down payment. So, what should I do with the variable life insurance policy and the inheritance? What is the smartest thing to do?
The answers have been very helpful so far – I appreciate it for sure. But no one has answered my question about the life insurance policy…do I not have to pay taxes on that either? And, where should I store the money from both the LI and the inheritance prior to putting it down on the home?
My husband and I purchased a Variable Life Insurance annuity policy, and now we’re wondering if it was a smart investment. We are in our late twenties and make very good money. We bought the policy for retirement purposes. We no longer contribute to employer 401k plans are they are not matched by the employer, and we make too much money for a Roth IRA acct. So all the money we are saving for retirement goes into this annuity. There’s a minimum premium is 00 quarterly, but we try to pay 00 quarterly to fund it faster. After 7yrs it will be fully funded and then we can borrow against it at a lowe interest rate (which we don’t plan on doing) or keeping it until we are ready to withdraw from it when we retire. Is this a smart thing to do for us, considering our situation in our current tax bracket? We feel that we ware now in a higher tax bracket than we would be when we retire, so contributing after-tax dollars right now seemed like a good idea. Please help. I think we should have gotten a second opinion before we bought this policy.
So I’ve just recently quit smoking cigarettes and am going to take out a variable life insurance policy hopefully before the end of the year. How long does it take for the remnants of smoking to leave my system so I can expect to pay the lower rates for the life portion of the policy? I was a weekend only smoker, and have a relatively strong metabolism. Would it speed up the process to increase my workouts between now and when I apply for the policy? I’ve been told it is normally a urine test.
Thanks for the variable policy concern, but let’s stick to the question at hand shall we?
I am concerned about having to pay more now that five years have passed and I am in a different age range (associated with higher rates). Is my insurance policy secure? What if AIG goes under?
CAN I BUY A TERM LIFE INSURANCE POLICY FROM A US INSURANCE COMPANY BEING A NON US CITIZEN NEITHER LIVING IN US? (MEXICO CITIZEN AND LIVING), IF SO WHICH COMPANIES ARE MOST RECOMENDABLE FOR?
Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners.