All Life Insurance Tips
Whole Life Insurance Knowledge Base
What exact is whole life insurance, and how do life insurance companies profit from selling it? Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid? I have tried to do some research on my own, but I still can't seem to fully understand this matter. Any help will be greatly appreciated!
What is the best company to buy whole life insurance? I'm 26 with 2 kids and would like to get whole life insurance started. Where is the best company to get whole life insurance from?
Is lawsuit protection a reason to get whole life insurance? Whole life insurance seems like a total ripoff. It's a terrible investment, comes with tons of fees, and it's not really that great of a tax deferred investment. However, I'm in a high risk profession from a liability standpoint and I hear that in Texas whole life cash value is protected from lawsuits. Is this a good enough reason to invest in whole life?
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
How does whole life insurance work? Here is my main question: If I have a whole life, Life Insurance Policy and the face value is $100,000 and the Cash Value is $112,000 and I die, does my beneficiaries get the $100,000 or the $112,000? Anything else I need to know about whole Life policies would be appreciated too. If my premiums are invested and the rate of return is high enough, why couldn't my cash value be $112,000 or just higher than the coverage amount whatever it is?
What happens to the dividend option term rider on a whole life insurance policy? If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I'm thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.
What is the benefit of whole life insurance? My husband and I have been advised to buy a significant amount of whole life insurance as a safe way to invest. We have just started our family and I am a little wary. I am not really sure I understand why it would be better to do this than to invest in bonds, annuities, etc. Any ideas? answers?
Where can I go to get whole life insurance for my spouse and I? I am currently with another insurance company but I am not please with them, I would like to know if anyone knows of a company that provides great whole life insurance for adults ages 27- 40 years old. Thank you for any help in advance.
What are some safe ways to invest other than whole life insurance? I understand now that term life insurance is the way to go, and then open up a Roth IRA. We are going to meet with our financial adviser and I would like to do more research, hence I'm asking you: What are some other safe ways to invest our money-- other than whole life. Is there something else that is safe that falls between whole life (ultra safe) and buying a bunch of risky stock (ultra risky)?
Best whole life insurance company that isn't that expensive? My husband is planning to start driving a cab in the next few months. I have life insurance that my mother pays on, but we want to start a policy with a good company for my husband that is whole life, any recommendations?
Does the owner of a whole life insurance policy have to die prematurely for the policy to pay out? Hi. I'm trying to learn more about how life insurance works...basically, I know nothing at this point. So, lets say the father in a family has a whole life insurance policy for like $2 million. What will his family receive if he dies prematurely? What would they receive if he died of natural causes when the children have grown up? Thank you!
Should we wait to get rid of our whole life insurance policy? My husband and I are trying to cut back on expenses and want to get rid of our whole life policies. My question is: when it comes to collecting the surrender value of our insurance, would it be better to wait to cancel on our anniversary date? I wasn't sure if the surrender value builds up monthly or yearly. Thanks for your help. Thank you for your answer. However, I would prefer to get both my cash out of it AND save money by not having the premiums anymore. Keeping it really isn't an option right now.
Is there any way around the cancellation fee for whole life insurance? I have around $4,000 dollars in my whole life insurance policy. A year or so ago, I decided that this type of "investment" is not for me so I stopped funding it. When trying to "cash out" of this policy I discovered that there is a $5,000 surrender fee, which would leave me with nothing. Does anyone know of a way around this, or at least a way to contest it?
Is it recommended to buy whole life insurance for a child? A friend of mine recommended buying whole life insurance for my child. He said it was better than investing elsewhere. For example, you can get a 1 million dollar insurance which will be paid up by the time he is 18 at an annual rate of about 4500$. And this money grows to over 5 million when is 65 and is tax free. Withdrawal can be done at any time. What's the catch? Thanks everyone for the response. I see that the recommendations lean towards not buying it. Strangely enough, I was told that it is very common among families that have lived in this country for over a couple of generations and it's the immigrants who don't understand the benefits of this insurance.
How are the whole life insurance cash value withdrawals taxed? How are whole life insurance cash value withdrawals taxed?
What is the BEST, inexpensive WHOLE life Insurance? What is the BEST, inexpensive WHOLE life Insurance I can get for myself AND my daughter. She is 1, and i am 19. I really need it to be on the cheap side, but have great coverage! Thanks!
Will I lose my cash accumulation value if I cancel my whole life insurance? I am realizing now (6 years after opening) that my whole life insurance policy is a bad investment. I notice on the policy there is a cash accumulation value and a cash surrender value. They are grossly different. If I cancel the policy do I only get the cash surrender value? If so, is there any way to get more? Do I just admit making a financial blunder and walk away from the policy?
Can you transfer a whole life insurance policy to another company? I am unhappy with both the performance and service on a whole life insurance policy that I've had for about 11 years. Do I have any options? I'd never get the same rates now. I was told when sold the policy that dividends could pay the premium after 20 years...doesn't look like that is the case. Also, the cash value is LESS than the actual money i have put into it. Is this normal or do I have a crappy policy?
Should I cash in my whole life insurance policy? I purchased a whole life insurance policy about ten years ago. I know, bad decision. Now I have acquired some debt from a divorce and if I cash in the policy minus any taxes and/or fees I can wipe this debt out. I still have an SGLI policy currently for 200K and can increase this after I close the other policy. Is this a good decision?
what happens to money invested in whole life insurance if I live to 105? I am 60 and bought a whole life policy about a year ago but what if I live to 105? Is there insurance available after age100? ,
Question on dividends and whole life insurance. How do dividends work with whole life insurance. From my understanding, you can use your dividends to pay your premiums and after a while your dividends cover your premium costs all together. Does this happen? Can anyone recommend an insurance company that pays good dividends? Thanks for the help. I'm looking at the Infinite Bankinf concept and wanted to get additional information. I will be sure to talk to a financial advisor as well to see what they say.
Are these charges on my whole life insurance policy typical or excessive? 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.)
So why buy whole life insurance at all? I've dedicated much of the past month researching life insurance. A metlife rep swears whole life is the best thing since "sliced bread" and has dedicated much of her time selling it to me. All of my research indicates to "Buy term and invest the difference" which is what I plan on doing. But I'm still curious, if the wiser choice is to buy term, then: Who actually buys whole life? Why?
what is the best life insurance to get? whole or term? what's the difference? what's "cash value"? I have a 4 yr old son and i want to get life insurance. what is the best life insurance co. and what kind - term or whole? i keep hearing whole life insurance will build cash value. does this mean i can get cash out of it when i decide to cancel the life insurance?
Are there any whole life insurance / Roth IRA options similar to Colorado Banking? I recently spoke to an investment broker about an option offered by Colorado Banking that offers an IRA with a guaranteed interest rate where the amount you put in ($150 per month) goes toward a 80,000 whole life insurance plan and also into an IRA that would return 319,000 at the end of 45 years. I've done the math and it does work itself out, but I'm curious if there are any companies that compete with the same type of plan.
Is Gerber Whole Life Insurance A Worthwhile Investment? My son is 6 months old, and since he's been born, we keep getting sales materials from Gerber regarding their Whole Life insurance plan. It sounds great, but I am clueless about this kind of stuff and don't know if it is truly a good and worthwhile option for our son. My husband and I would like to do something for his future, but we don't have a lot of money. Is the Gerber WHole Life Insurance a good plan, or is there anything else that is better and affordable for us?
How much commission is paid on Single Premium (or single payment) Whole Life Insurance Policies? And is this a percentage of the total lump sum premium/payment or is this a percentage of the TARGET premium/payment....Again, I'm looking to find out about SINGLE Payment whole life insurance.
What are the pros and cons of modified whole life insurance? I'm really confused by all this insurance biz. What I'd really like to know is whether I'd be losing out alot by cashing in my whole life policy that I've had since 1985. The total death benefit is about $12,400. The cash value is $2400 which I could really use now. Would I be losing much since my job automatically provides basic life insurance to me which covers $38,000? I also have additional voluntary AD&D which covers another $38,000?
Borrowing agianst cash value of whole life insurance policy.? My whole life insurance statement reflects that my cash value is $49K. Can I borrow that amount or just a portion? Do any previous loans need to be subtracted from the cash value reflected?
Taxes on lIquidating whole life insurance? hi, im just wondering what kind of taxes i should expect when and if i liquidate my whole life insurance. thanks! also, im single,18 and in college with a part time job.
Whole life insurance and leaving the country? When i reach retirement i plan on leaving the country USA (My relatives live overseas). If i have a whole life insurance policy does it still cover me even though i am out of the states? Does it pay my beneficiaries upon my death?
Question on interest and whole life insurance. If you have a whole life insurance plan and you withdraw money from your cash account, does the interest you pay back go into your account or does it go to the insurance company? Thanks for the help. I'm looking at the Infinite Banking concept and wanted to get additional information. I will be sure to talk to a financial advisor as well to see what they say.
Can whole Life insurance be cashed out? My father has a Whole Life Insurance policy he opened when I was born for me. IT was for 50k and I am 34 years old now. What good is it to me now? Can I cash it in for money? Should I continue to pay it? What are my options? My father insist that it is work at least half the face value. A little insight please.
Are all whole life insurance policies not insured by the FDIC? Which companies provide FDIC insured whole life insurance policies and which companies do not?
What banks buyout whole life insurance plans? I have a $2mil Whole life plan. And pay around $500 a month. I am middle aged. And am looking for a bank that buys out the whole life and i write over the ending payment to them while they pay for the coverage. It is out there and it goes on alot. But just can't find a bank that openly does it. Also, what are the terms? My plan is pretty new. Does that matter? It just means a lower payout to me right?
whole life insurance policy cash in value on taxes? My wife quit her job. She was contributing around $10 a month to a 25,000 whole life insurance. We got a letter that said the cash value was around $700. If we cash it in is there a tax cost to us? The letter stated that the cash value will be used to pay the insurance cost till it is depleted then the policy would be closed. If we cash it in do we have to pay capital gains or other cost on it. Or the monthly amount she has been contributing offset it??
Is it better to have term life insurance or whole life insurance? I am 26 years old and just had a baby and want to know which insurance is better whole or term. How do I determine how much to get? Who besides my daughter if anyone should be the beneficiary? Note: Her father and I aren't married but I was considering leaving him a percentage so that he could have extra $ to provide for or daughter if neccessary - Is this a good idea?
my husband and i are over 55 and needing advice about "whole life insurance" who would be the person to ask? Our Insurance co. we feel is giving us the run around and it's hard to trust just anyone anymore. We think we need to move the whole life insurance to something more profitable. We have been paying into it for over 20 years.
Does whole life Insurance support my family until they die? If I died at age 35 and had a 12 year old to support, would my child still be getting money from my policy when they are in their 40's? I am having trouble understanding Whole vs Term Life.
Have you ever heard of Universal Whole Life Insurance where your policy is up to 120 years of age? If so, what really is the difference between regular whole life and Universal whole life? A family member has purchased and so called Universal whole life policy and I just want to make sure there is no scam or something involved?
Should I open a whole life insurance policy or a 401k first? I met with a financial consultant who told me that the 401k is the last thing I should start. She says it makes more sense to open the whole life which compounds 8% return on my money yearly and pays a yearly dividend. Which is smarter to do first?
what is the best and most affordable whole life insurance i can get for my mother who is 77? what's the best and most affordable whole life policy i can get for my mother who is 77 and has numerous health concerns?
Which is better to buy whole life insurance from : demutualised Insurance company or mutual? New York Life is not demutualised, but Metlife is. some say it better to buy wholelife insurance from non-demutualised insurance company. Is that true? thanks
How does the insurer make profit on a whole life insurance plan? ? The insurer sells you a whole life policy in which your earning cash value and interest. What are some ways that the isurer is making profit if the cash value and interest is your to use at any time?
What is the difference between whole life and term life insurance policies? My husband wants to take out an insurance policy on himself for our family due to the fact that he is the primary source of income. We have been researching life insurance policies..what is the difference between whole and term life? My husband is 8 years older than me so he wants to make sure that myself and our children are taken care of in the event of his death.
Instant Whole Life Insurance Quote Question? What are some cool instant whole life insurance quote sites you have to share? I've looked around a bit but I figured I'd ask here. Any link you can share will be appreciated.
In what scenario would buying whole life insurance be a good idea? Or is it always best to get term life and invest the difference?
get back what I have paid into a whole life insurance policy? I have a Northwestern Mutual whole life policy that I have had for almost two years, so, obviously the cash value is a lot less than what I have put in it. Is it possible to have them buy me out and get back what I have paid in? I have no interest in keeping this policy or transferring it to another company. I just want to get my money back. Is it possible to get what I have paid in back (instead of cashing it in for the cash value)?
Life Insurance: Variable Life vs Whole Life, which one is really better? Is Whole Life premium more money than Variable Universal Life? I asked for a Whole Life insurance quote from one of the big insurance companies around, instead the agent tries to convince me that I should go with Variable Universal Life. He said Whole Life premium is always higher than Variable Life. He generated a printout for Variable Universal Life but not for Whole Life. I just want my premium to remain fixed in my old age and dont want the death benefit to fluctuate hence I prefer Whole Life. He stated that the death benefit is guaranteed for VUL. Is it really? I have a feeling it's not and that the premium for VUL will increase in my old age since it's dependent on my market investment. I'm beginning to think that his commission for selling Variable Life is more than selling Whole Life. I'm 37 female, non-smoker, in good health. I dont believe Whole Life premium would be that much higher than VUL. Any input is appreciated.
Is a whole term life insurance with a retirement plan a good idea? I had a meeting with and finace agent about geting my retiriment ready and he tried to sell me whole insurance with retirirment I have term insurance right now
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
Are there any whole life insurance / Roth IRA options similar to Colorado Banking? I recently spoke to an investment broker about an option offered by Colorado Banking that offers an IRA with a guaranteed interest rate where the amount you put in ($150 per month) goes toward a 80,000 whole life insurance plan and also into an IRA that would return 319,000 at the end of 45 years. I've done the math and it does work itself out, but I'm curious if there are any companies that compete with the same type of plan.
Does anyone know if whole life insurance is better than term life? Say your in your late 30's and completely healthy, have a term life insurance for 250k for 20 years and you dont die in 20 yrs, your now close to 60 and have to start over dont you? Any advice would be helpful! Thanks!
What is the BEST and inexpensive WHOLE life Insurance? What is the BEST, inexpensive WHOLE life Insurance I can get for myself AND my daughter. She is 1, and i am 19. I really need it to be on the cheap side, but have great coverage! Thanks!
Should we have whole life insurance? My husband is 26 yrs old and he bought whole life insurance. I tried to tell him to get term sicne we are so young, but he wouldn't listen. Can anyone help me? i need specifics on how to explain why we just need term,but we do have kids, so maybe we should keep it?
What is the best and inexpensive whole life Insurance? What is the BEST, inexpensive WHOLE life Insurance I can get for myself AND my daughter. She is 1, and i am 19. I really need it to be on the cheap side, but have great coverage! Thanks!
should we cancel our whole life insurance policy? we bought a whole life policy for a couple of years ago b/c we liked the "safety" of not losing our money(the way u do w/ term)--anyway we have since learned that u don't make any money this way and it's better to take those premiums and put them in better returning investments. we already have a huge chunk of money in this whole life policy that will be down the toilet if we cancel. what should we do? can we convert it back to term?
Term or Whole life insurance which is best for 18 yr old female and what is the difference? Is $12 per month a good premium for a 30k term life policy for the 18 yr old female? Everyone should have some life insurance coverage to pay for funeral expenses. I believe this is what she wants it for that and a little something to pay off any bills she may have. I thought it was a bit too high for only 30k.
What whole life insurance policy is best for a 24 year old? I have a policy from New York Life, but 2 of my friends who are financial planners, say Mass Mutual would be better... there's a bunch of baloney I'm not understanding i.e. guaranteed benefits, crap about withdrawing money for retirement. Altogether, it doesn't seem like I am getting that much from death benefits with the amount I am putting in ($1K/year until pretty much I'm 65). I don't want to pay forever for this... where in my policy does it say when I can stop paying?
What exact is whole life insurance, and how do life insurance companies profit from selling it? Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid? I have tried to do some research on my own, but I still can't seem to fully understand this matter. Any help will be greatly appreciated!
What is the best company to buy whole life insurance? I'm 26 with 2 kids and would like to get whole life insurance started. Where is the best company to get whole life insurance from?
Why would I pay more for less coverage in whole life insurance? when I can get the right amount of coverage I need for less money in term insurance?
I am 24 years old, and I am looking for the best whole life insurance with the greatest cash value? Any ideas? Right now I have Security Mutual at a 50,000 life ins policy. By the time I am 30 yrs old, only $662 would be available to borrow against. I am suicidal and I have to think about my future in case I am not able to work again
How soon after you get a whole life insurance policy can you borrow against it? Also, does anyone know about the tax penalties that come with borrowing against your policy?
What exact is whole life insurance, and how do life insurance companies profit from selling it? Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid? I have tried to do some research on my own, but I still can't seem to fully understand this matter. Any help will be greatly appreciated!
Can a whole life insurance policy be used to secure a loan through collateral assignment? specifically a home loan. Also, if it does secure a loan, how much? based on value of death benefit or cash value?
I Have No Life Insurance And Would Like To Know About A Whole Life Insurance Policy? What Is A Whole Life Insurance Policy? Can I get a life insurance quote online? Are Whole Life Insurance policies expensive? Thanks
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
Where can I go to get whole life insurance for my spouse and I? I am currently with another insurance company but I am not please with them, I would like to know if anyone knows of a company that provides great whole life insurance for adults ages 27- 40 years old. Thank you for any help in advance.
Can you transfer a whole life insurance policy to another company? I am unhappy with both the performance and service on a whole life insurance policy that I've had for about 11 years. Do I have any options? I'd never get the same rates now. I was told when sold the policy that dividends could pay the premium after 20 years...doesn't look like that is the case. Also, the cash value is LESS than the actual money i have put into it. Is this normal or do I have a crappy policy?
Best whole life insurance company that isn't that expensive? My husband is planning to start driving a cab in the next few months. I have life insurance that my mother pays on, but we want to start a policy with a good company for my husband that is whole life, any recommendations?
Does the owner of a whole life insurance policy have to die prematurely for the policy to pay out? Hi. I'm trying to learn more about how life insurance works...basically, I know nothing at this point. So, lets say the father in a family has a whole life insurance policy for like $2 million. What will his family receive if he dies prematurely? What would they receive if he died of natural causes when the children have grown up? Thank you!
What is the best, inexpensive whole life Insurance? What is the best, inexpensive whole life Insurance I can get for myself and my daughter. She is 1, and i am 19. I really need it to be on the cheap side, but have great coverage!
How is the loan value of a whole life insurance policy determined? The policy may be paid and it is payable on death in the amount of $50,000. It isn't my policy - I don't have access to the terms. I am providing a service (legally) for someone. I don't want a loan - I just need to know the amount so I can document the loan/cash value of the asset. So I was looking for a percentage or formula to calculate it.
Instant Whole Life Insurance Quote Question? What are some cool instant whole life insurance quote sites you have to share? I've looked around a bit but I figured I'd ask here. Any link you can share will be appreciated.
which is a reputable life insurance company to get whole life insurance without a physical exam.? Can you name a few companies where I can take out a life insurance policy against myself, my husband without take a lenthly physical exam.
Is the death benefit of whole life insurance adjusted for inflation? $1 million today is not much 30 years from now when I die. How much is a annual premium (range) for a today for a healthy 30 year old woman?
Good Reason For Whole Life Insurance Quotes? I have a whole life policy, through the Nights of Columbus. There is a respected financial advisor, Suze Orman, who seems so adamnant that whole life is not a swift move. She makes it sound as if there is not one reason to own whole vs term. Are there any good reasons for owning whole?
Is lawsuit protection a reason to get whole life insurance? Whole life insurance seems like a total ripoff. It's a terrible investment, comes with tons of fees, and it's not really that great of a tax deferred investment. However, I'm in a high risk profession from a liability standpoint and I hear that in Texas whole life cash value is protected from lawsuits. Is this a good enough reason to invest in whole life?
Best whole life insurance company that isn't that expensive? My husband is planning to start driving a cab in the next few months. I have life insurance that my mother pays on, but we want to start a policy with a good company for my husband that is whole life, any recommendations?
Can anyone tell me about non participating whole life insurance policy? I'm 24 years old and working as a professional in malaysia.Recently i bought an insurance policy from AIA.After reading my insurance policy, i want to know a few things like 1) will i'll be getting annual cash dividents? 2)if let say i want to surrender my policy after 20 years..will i'll be getting my premiums back + the dividents? 3)is this the best savings+protection policy? I'm confused..i want to ask my agent but i think its better to get opinion from other people first before consulting her. and one more thing..is it benificial to own a few insurance policies? Yeah..actually im more looking towards protection compare to $$ because i want to make sure my children have enough $$ to support their lives in case something happened to me...
I have a whole life insurance and want to take the cash value, what is the best way to do it? After reading about buying term and investing the difference, I found out that I can save hundreds of dollars a month by buying a 30 year term policy and get more coverage. With the money I saved, it gives me options on what I can do. Besides investing it, I can also pay a little more into my debt payments. I have about $32k in the cash value, after surrender charges, its $28k. I want to get the most out of my money, but not sure what to do. I can't put it all in my Roth IRA. I don't want to save it in my bank account since I only get 0.75% interest on it.
How do you set up an account in Microsoft Money for my whole life insurance policy? There doesn't seem to be an appropriate category to choose. Is it considered an Investment? An Asset? Or what?
Is the surrender value of whole life insurance taxable as normal income or as long term capital gains? My insurance company has told me that over $6000 of the value will be taxable. I've had the policy for 20+ yrs and am hoping that the $6k is taxed at the LOWER long term capital gains rate - not as normal income, which is almost twice as much.
What exact is whole life insurance, and how do life insurance companies profit from selling it? Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid? I have tried to do some research on my own, but I still can't seem to fully understand this matter. Any help will be greatly appreciated!
What is the best company to buy whole life insurance? I'm 26 with 2 kids and would like to get whole life insurance started. Where is the best company to get whole life insurance from?
How much would a paid up purdential whole life insurance policy from 1936 valued at $380. be worth toda? The insurance policy was paid in full in 1956 and had cash value at that time of $171.00. The policy states that all dividends earned will be returned to the policy in the form of paid up insurance. That is what the policy stipulated in 1936. Does any one have any idea what it might be worth in todays dollars. Bigjoe
what is the current cash surrender value of a whole life insurance policy? Is this the amount I would get after I cancel a policy? My policy shows this amount minus loans asnd interest and plus dividends and go-rider cash values. I can no longer afford the premiums. I just need to know that if a stated cash value is the amount i would get. In my case that is $17,000.
How do I calculate the IRR of a Whole Life insurance policy in Excel? Column A lists the fixed annual premium each and every year and Column B lists the Death Benefit which is growing every year.
Is it possible to get whole life insurance for purpose of borrowing against it ? I'm trying to pay off some debt
I currently have whole life insurance, to help my family in case something happens. Should I have term also? Also, what is a reasonable amount to have for both? I originally just wanted a whole life policy to cover funeral expenses etc just in case something happens to avoid burdening my family, but maybe I should try to get more while I'm young to save money, and also so my family will have money left over. I plan to live a long life, but ya never know. :)
Do I need Whole Life insurance after I retire? I am 30 yrs old. My whole life policy is less that five years old and I feel it is breaking my bank to pay monthly. It is 50k and I also have term for 500k. Why cant I drop that expensive WL policy and invest that monthly cost into a Roth. I could pay funeral expenses out of that if my term insurance ran out by then. Does this sound like I am on the right track?
Is it common to have both term and whole life insurance? Sort of a hedge? I bought them from an agent 15 years ago, somehow it seemed to balance the pros and cons of each. Now I've applied for another term, and wonder about dropping the whole life. Sonya, I didn't understand that link. Was that one page supposed to be "the basics, step-by-step". It doesn't really explain much. Sonya, I didn't understand that link. Was that one page supposed to be "the basics, step-by-step". It doesn't really explain much. Sonya, I didn't understand that link. Was that one page supposed to be "the basics, step-by-step". It doesn't really explain much.
what is the value of a 20yr pay whole life insurance policy worth today paid up 20 years ago $1000.00 face val has it been drawing interest for the 20 years ago that it was paid in full?
I want Whole Life insurance and Gerber Life insurance seems good for my Newborn boy. Should I get it too? It says 8.40 for me for 10k and 3.70 for each 5k I want to go higher. For my girlfriend it says 7.80 for the first 10k and 3.40 for each 5k extra. Does this sound like a decent deal? I dont make great deals of money each month, so I just want some decent coverage if the inevitable does happen. So I guess since I am a current sophomore in college i could just get term life insurance and then convert it to whole life once i get a good job. So then would you say term is better than whole life in my situation of being a 19 year old parent?
Can someone explain term and whole life insurance.? I have been searching for life insurance I am in my 30's already and have children. I am so confused about term and whole what is the difference and what is the best to purchase given my age.
I bought Whole life insurance in 1990, has not done well. How can I get better return on this? Cash / reinvest return rate is really bad. Was suppoese to pay for itself after 7 yeras. has not done that. Now has negative premium, keep on reducing total insured amount with age.
Which Insurance company is best for Whole Life Insurance ? I have search only 2 big compnay Metlife and New York Life. I am 24 years old and want that whole life insurance for my life. So i want to know which compnay i need to choose for whole life insurance.... Metlife or New York Life ? I have quote from metlife Insurance...Agent told me my premium payment gonna be $3510.00 per anuual for $500,000.00 ( insurance amount). and i am 24 yeras old it has cash value too.. So i need some information from ur side...should i take it or ?
What company has the best whole life insurance? The policy I am looking at gave between an 8% and a 12% return on the cash value over the past 20 years. How do I find out how other companies performed over this period?
Is whole life insurance a bad idea for a retirement plan? I currently have a 401k with the max invested/yr. 15K + employee contribution - I'm thinking of utilizing a 457 plan, but a finacial guy said I should consider a life ins. plan for tax benefit purposes. Any suggestions appreciated!
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