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!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Where can i find affordable health insurance??

I am turning 23 in feb. and i loose my dependant status because my parents are military so i need to find some health insurance.


What kind of new car is the cheapest to insure ?

I currently drive a leased 2011 Hyundai Santa Fe SUV. The full coverage insurance on this car is now $113.00 per month. Last year it was $108.00 per month. I will be in the market for a new leased vehicles soon and I want to know what cars or SUV are the cheapest to insure. Any websites I can look at ?


I got a ticket for 64 in a 55 mph zone. will my insurance go up?

im 19 and have had one bump up about 2 months ago and i just got a ticket for going 64 mph in a 55 zone. will my insurance rates go up?


Insurance premium increase?

I was involved in a fender bender where no party admitted fault. Other person’s insurance company went to arbitration against my insurance company to recover their loss. Arbitration Panel decided in our favor i.e. I am not at fault hence need not pay the damages. Total loss amount listed by other party was $800. My car did not have any damage worth repairing. (Also, I am lazy and passive enough to not pursue too hard for a minor dent.) After arbitration settlement other person filed a lawsuit against me in small claims court. I was pretty sure that a judge can’t do anything after arbitration. To my surprise judge assessed that out of $800 – $250 was the deductible paid by other person. Prior Arbitration did not include that amount hence he can adjudicate on this $250. He adjudicated against me for $250 + legal fee. Judge also told me that I need not worry about this money as my insurance will pay for it. (Most ridiculous judge and judgment I have ever seen, but that’s a separate matter) I called up my insurance company. They are willing to pay this amount. My question is – will making them pay increase my insurance premium. I have a pretty clean record with no at-fault accidents. I pay about $1000 per year for two cars in WA state. Insurance company is: Farmers

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Is my insurance valid if i didn't declare my criminal record (no driving convictions on record)?

I am trying to get insured and am finding that the premium is sky high because i have a criminal record. I have no driving convictions but have a criminal record for other stuff and it seems a bit crazy that the premiums double because of this. What would happen if i lied about my crimanal record? Would the insurance compant still pay out or would it effectively be an invalid insurance policy in my name?


Car insurance auto renewal?

my car insurer auto renewed my policy and started direct debiting the new policy without my approval. (i paid by direct debit installments previously) i was uncontactable as i was out of the country. the insurance was bought through my car dealer which had my updated contact information. i did not instruct them to do auto renewal. on top of that, it wasn’t written in the initial policy contract. when i rang to cancel, they refused to refund and is charging me a cancellation fee. they claim that renewing the policy was in my best interest to protect me. however, if i hadn’t paid through direct debit, they wouldn’t had been able to protect” me anyway! should i insist on getting my money back? would the Consumer Rights chamber in WA be able to help?”


19 yr old looking for a fast & cheapest insurance car…?

So im 19 and looking for the best option in car with a cheap enough insurance <£2,000. Wanting a car that is about as fast or sporty as im going to get for also <£2,000. Any suggestions ???


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!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Car Insurance approximation…?

I would like to know approximately how much it would cost to insure a 2009 Nissan Altima Hybrid, 4 doors, 2.5, 15,000km, I am 59 years of age, live in the Quebec Penninsula Area. One driver only, for leisure purposes


Why is it taking so long to hear back for health insurance?

The healthcare.gov website said I had until Dec 15 to apply for health insurance for it to start Jan 1, 2014. I applied Dec 12 and received a message that the state agency (IN) would follow up with me. There’s a number listed that says to call if it takes too long, but I called, and they only said they would get back to me when they reach a decision. I need to have surgery really soon, and I’m wondering when I can expect to hear back and receive coverage.


Does the car appearance affect insurance?

Does the car appearance (good or bad) affect how much we pay for car insurance. I know insurance companies always ask What condition is your car?..any dents


Two cars? Insurance?

>In high school >Both parents getting new cars soon >old cars: 1 is decent, 1 is cheap >I get old car >I want to convince parents to let me keep cheap one as well, so I can modify it and stuff BUT, I just realized I’ll have to pay extra insurance just to drive it around every now and then. What to do? How much does average insurance usually cost? (Not minimum PIP)


How much does insurance cost for a 17 year old in Florida?

I’m 17 and I will be getting a 2005 mustang by the end of this month. I wanna know how much I will have to pay for insurance each month. My parents have Progressive and they have very good credit.


Non owners insurance in california?

i am considering non-owners insurance for a car. however, if i drive my friend’s car, their insurance policy will cover me. 1) what is the point of getting non-owners insurance, if non-owners insurance already assumes that i don’t have frequent access to a car, and my friend’s policy will cover me, also assuming i don’t have frequent access to his car? also, i know, in the case of an at-fault accident with my friend’s car, and assuming i have non-owners insurance, my friend’s insurance will kick in first, then my non-owners insurance will cover what’s missing. 2) what’s the point of non-owner’s, if my friend’s limits are high enough already? 3) won’t my friend’s insurance increase since his insurance company had to pay? 4) if my friend’s insurance increases, then what does the non-owner’s insurance cover/protect??


Usure about car insurance ?

My boyfriend recently cancelled his car insurance because he no longer has a car. What happens if he drives mycar, which is fully covered, and gets in an accident?


How is the health insurance subsidies calculated?

Just wondering how the affordable care insurance tax subsidies are calculated? Is it based on last years wages or estimated wages of the year you are applying for the health insurance. Let’s say I made $100,000 last year and retired this year and applied for the affordable care insurance. Say my estimated taxable income for 2014 was $40,000 with family of four, can I get government subsidies?


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!

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Can you recommend me a good health insurance?

I missed out on signing up for healthy insurance where I work and I’m becoming worried that I might have to go see the doctor soon. So I’d like to get a good quality insurance. I’m 22, male, single no kids and I’m from texas. If you know of a good insurance that covers well please share. I’d like to sign up really soon. Also if you have any for dental and vision coverage that would be great! Thank you.


Can my insurance drop me?

Hi, i took a urine test with my doctor the other day. I asked what h was testing for and he said everything”


Car insurance Policy expiration date?

ok so my grandma told me that my car insurance expires 9/15/2011 but on the paper I have it says it doesn’t expire till December of this year. I don’t know if she got it confused or what. I don’t have a phone to call them my phone is text only. On top of that I am looking for a new insurance company I currently have Farmers. I paid $50 for my insurance, but i was on my grandma and dads insurance, I dont know if it would be the same if I paid by myself or if thats just how much i paid being on their plan. if you can answer any of these questions that would help alot.


What will happen if my wife gets pregnant and we dont’ have health insurance?

They can’t refuse prenatal care can they? Would we have $40,000 in medical bills? What would happen? We aren’t poor, we just have horrible insurance through both of our workplaces.


Does anyone knows an affordable weight loss camp for a 20 years old?

I am desperate to lose weight and i need a healthy, but affordable way to do so in the Florida area OR new England


Short-term car insurance in the US?

In the following year I’m going to have several visitors coming for just a few days and I want them to be able to use my car. I’d like to know if there are companies that offer short-term car insurance.


What does EMS stand for in Grand Theft Auto 5?

What does EMS stand for in Grand Theft Auto 5?


Anyone else going barre on home insurance.?

I’m thinking of going bare on home insurance. My premiums are now more than my mortgage so I plan to pay my mortgage off and go without home insurance. I had a claim for robbery recently and insurance took six months to settle and paid on minimally although I had good covergage. I have no debt and some captial to pay for repairs. Anyone else done this?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Named non owner insurance- Florida?

It is possible to get a named non owner car insurance in Florida with damage and collision? We usually rent cars in Florida, and we pay a lot of money for CDW and liability, we are looking this kind of solution.


Help buying first car!?

I have just finished my army training and so now I have about £8000 to spend on a new car, I have looked at the new clio, and corsas, does anyone have any other suggestions? Thanks all


Can congress pass a law to have current federal retirees pay all of their own health insurance?

Can congress pass a law to have current federal retirees pay all of their own health insurance?


Do I suppose to get free home insurance when buying a new mobile home?

I am in the process of buying a new mobil home and I keep hearing that if I buy a new mobil home my first year of home insurence is suppose to be free. I really need help right now. If is is not free I can get home insrurence from another company that will not be on my home payment.



BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Do you need car insurance to get drivers license in Texas?

I ask this because I want to get my license now, that way when I’m ready to join my wife’s insurance plan, there’ll be less work to be done in order to drive her car. I currently don’t have a car, license, or insurance, and I don’t drive.


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!


Will I need an SR-22 insurance?

My license was suspended for one year, I get it back this year. 18 year old male. Wisconsin. This is my record, 12-31-2011 Driving 1 to 10 miles per hour over the speed limit (3 POINTS) 04-15-2012 Imprudent speed (8 POINTS) 06-08-2012 Driving 20 miles per hour or more over the speed limit (12 POINTS) 08-19-2012 Imprudent Speed (8 POINTS) Also, what should I expect the insurance to cost and is it required?


Ticket points and auto insurance rates in NJ?..?

Ticket points and auto insurance rates in NJ?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Why does CAR INSURANCE cost more when a CAR/ motor vehicle is PAINTED RED?

Why does the color red coast more to insure ?


Which type of ticket goes on your insurance?

I know a speeding ticket will show up on your insurance and cause it to be quite a bit more than it was, but do any other less than obvious types affect your insurance? For example, my town has a completely pointless ordinance in which their residents are not allowed to park their cars in the street between the hours of 2 AM and 6 AM, unless you call the police that night and let them know that your car will be in the street, and then they’ll just ignore your car if they see it. Well, I decided to rebel and not call last night, so, I wake up this morning to find a nice (still cheap, luckily) ticket on my window. I didn’t call because I have gotten away with it each time before, so I figured maybe they don’t check my neighborhood. Go figure. But I just don’t want my insurance going up because of this and I’m not sure if all tickets are sent to the insurance company. Thanks in advance!


Need help buying and insuring a motorcycle.?

I am trying to buy and insure a motorcycle without my parents knowing. I am 21 years old and have moved out of my parents house. I have my own car and my own job, but my car is still insured through my parents’ insurance. Is there any way I can start my own insurance plan, without my parents knowing, to get motorcycle insurance? Or would motorcycle insurance have to be tied back to the same insurance that covers my car (through my parents). What kind of monthly rates would that cost me? (I’m a 21 year old male living in Nebraska) Any and all help and advice is greatly appreciated. Thanks!


Do I have to have horse insurance and how much is it?

I don’t have any horse insurance right now but I think I need to get it so if u guys could please help me out that would be great thanks 🙂


Why is it when people complain about the cost of health care they mainly blame it on the insurance co?

Nobody is making you buy insurance YET. Try paying cash instead of using insurance and see how expensive it really is.


Why did the hospital bill me and not take my insurance, which apparently they accept?

I was involuntarily taken to the hospital, most likely the emergency room. I was unconscious in my car from an overdose. I just received the medical center s bill for nearly $2,000. I do not remember a thing from that night, but on the bill it specifically says that I had no health insurance… I carry several Health Net PPO cards with my information in my wallet which they looked at. Why did they say I have no coverage on the bill? Do I really have to pay?


I had my insurance cancelled last month cause never kept up with payment and crashed into another veichile, what happens now usually?

I had my insurance cancelled last month cause never kept up with payment and crashed into another veichile, what happens now usually?


Insurance for 2003 Mini One ?

i was wondering if any 17 year old males have been offered insurance for a mini one. and also what prices were offered?


Health Insurance! Help!!?

right now i work for the state and get free health insurance. However, I am paying 200 a month for my wife. We are both 20 years old. I feel like this is a waste of money due to the fact she never goes to the doctor. Ever. Its nice having this just in case ” but the realization is I am sick of paying all this for something she does not use AT ALL. I feel like I would be better off putting all this in a savings account instead and just put it off. I dont want to get her off health insurance though. she never goes to the doctor

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


My company was bought out – Can I get unemployment? What about my health insurance?

I need some advice. I am an assistant manager at a small call center where I have worked for around 5 years (3 of them full-time). It was just announced to me and the manager (the only 2 full-time employees), that we have been bought by another call center that is not located in our town. The manager is relocating and has been offered a full-time job at their main office (with what I am assuming is a decent raise) about 4 hours away. I am being offered a possible part-time job at a lesser position some 3 hours away – there is no garantee. Well, I have kids so there’s no way I’m doing that for a measly part-time position with no benefits. I will be without a job as of May 31st. Our part-time workers will be finding out about the closure on May 1st. For those employees that would like to stay through until the end, they will be offered a monetary bonus or compensation. I doubt it’s more than a few hundred dollars. If I cannot find another full time job by then, would I most likely be eligible for unemployment? If I take the bonus money at the end, does that mean I wouldn’t qualify? What kinds of questions should I be asking before this happens? I have health insurance for the first time in my life – when does that usually end?


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 are some healthcare insurances available for 63 yrs old?

My mom is looking for healthcare insurance.


Child support insurance in AZ.?

Can anyone tell me the laws in relationship t mu son turning 18? He’ll still be in school, so law mandates I still pay child support til he’s 19. But does that also mean I have to pay insurance until then also? His mother is the full-custody parent.


Why do people expect medical insurance to pay for everything?

actually, I do understand insurance. I also understand that it can’t work when EVERYONE is getting more in benefits than they pay into the system


Can one person have two separate car insurance policy’s?

For example a ford fiesta on direct line and a vauxhall astra on budget car insurance?


VERY EXPENSIVE CAR INSURANCE?

Actually if you made a quotation in comapnies like 1st central and you say I am born in the UK. They will ask you to pay 1100 if you have 2 years NCB. But I do have 7 years 2 from the UK and 5 from an EU company. And 1st central asks me for 7000 pound. I am not making this up you can test it yourself. Actually some insurance company try to steel immigrants money by soaring their premium.


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