An insurnce company charges a 21-year-old male a premium of $250 for one-year $100,000 life insurance policy.?

An insurnce company charges a 21-year-old male a premium of $250 for one-year $100,000 life insurance policy.? An insurnce company charges a 21-year-old male a premium of $250 for one-year $100,000 life insurance policy. A 21-year-old male has 0.999 probability of living for a year. a. From the perspective of a 21-year-old male (or his estate), what are the values of the two different outcomes? The value if he lives is _____ dollars. The value if he dies is _____ dollars. b. What is the expected value for a 21-year-old male who buys the insurance? The expected value is ______ dollars. c. What would be the cast o the insurance… Read More

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Can my dad get term life insurance for 1 year at age 83.6?

Can my dad get term life insurance for 1 year at age 83.6? Life expectancy is probably about 5 (I know it’s 8 years for 75 year old men, 3.5 years for 100 year old people and 37% annual chance of death at 116). I’m still a young’un, he has no one else to give his savings to (long time widower) and if he helps me get a cheap condo with the savings then I’m screwed if I don’t get 12 more months of my disability check ($1038) on his work history). So the coverage should be for $1038 times 12 minus $1038 per month I actually get paid the… Read More

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Please explain this email from life insurance?

Please explain this email from life insurance? I’m thinking of cancelling my life insurance plan. I sent them an email and this what i received but i’m kinda confused. Can you please explain in a easy ABC understandablew way: So the cash value after cancelling will be $1,389.10? If you discontinue paying the premiums your policy’s non-forfeiture option, Non-Forfeiture Continued Insurance (NFCI) will go into effect. This option allows us to apply the net cash value to purchase term insurance for the current death benefit amount provided under the policy for as long a term as that cash value can provide. The length of the term depends on the amount… Read More

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23 years old. Should I buy whole life now?

23 years old. Should I buy whole life now? The policy is participating and through a mutual insurance company (guardian Life). I figure after about 15 years of paying, the dividends could end up paying for the policy and id have it for the rest of my life for free. as the dividends keep accumulating i could use the extra dividends over the premium to either take as cash and have a lifetime income. am i missing anything? this sounds like a good plan. is anything i mentioned wrong or am i overestimating the benefit of buying this policy so young? I may not need the life insurance protection now… Read More

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What type of Life Insurance is best ?

What type of Life Insurance is best ? What is Term the best type of life insurance to buy for parents with infant child? I want to make sure there is enough financial support available if something were to happen to me, ie child rearing, school, college….. any help is appreciated BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Who pays for the rental in a car accident. your insurance or theirs? Can you re-negotiate a check? Who pays for the rental in a car accident. your insurance or theirs? Can you re-negotiate a check? Cheap life insurance… Read More

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Can A Power-Of-Attorney Change The Beneficiaries On A Life Insurance Policy If?

Can A Power-Of-Attorney Change The Beneficiaries On A Life Insurance Policy If? The policy holder is mentally incompetent? I ask this because I had been declared a beneficiary on a life insurance policy and had not been made aware of anything regarding this policy by the power of attorney. The policy holder developed alzheimers. Could the policy have been changed? The power of attorney was another child of the policy holder BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Questions about car insurance? I live in Fort Lauderdale Florida Insuring teen with permit, how? My son got his… Read More

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Best life insurance for baby? Cost?

Best life insurance for baby? Cost? Trying to figure out the best life insurance plan or place to use for new baby to come. How much does it cost upfront? Do you pay it overtime? BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Car insurance with child? Do you have to get different car insurance to have a child in the car? Why does the insurance company of the person who hit my car want a copy of my bill of sale for my car? I have never been asked for that before in similar situations. This company… Read More

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Question regarding life insurance . . .?

Question regarding life insurance . . .? Does a suicide automatically void a life insurance policy? The policy has been in effect for over 10 years. BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Can anyone recommend an insurance carrier for insuring the contents of a house move (besides the movers)? I am moving the contents of my house from California to Colorado using the PODS mover and storage – PODS insurance is very expensive and covers virtually nothing so I would like to find a reliable insurance company that will cover my belongings during transit and storage… Read More

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Life Insurance / Burial Insurance help please (ENGLAND)?

Life Insurance / Burial Insurance help please (ENGLAND)? I need advice about applying to and paying for some type of insurance. This would be on behalf of my mother so when the time comes for her to leave me, I will be able to pay for her funeral. I have spoken to her but she is stubborn and set in her ways and thinks I will automatically be able to cover the financial costs for her funeral when she does pass away. I dont care for money for myself, I just want to know that I can pay into something so upon her passing I will be able to pay… Read More

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No exam immediate life insurance?

No exam immediate life insurance? any companies offer no exam life insurance for residents in nyc? $50,000 or more… BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: How does replacement cost” insurance work?” I have a 25 yr old harley davidson, and the insurance says full coverage will pay what the county values it at on your tag fee. (like, 800$) I also have a 67 chevy van that is valued at 300$ by the county. Obviously, full coverage is not intended to cover antique vehicles, as the annual premiums are far more than they want to give… Read More

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