The Importance of Life Insurance

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Given all the uncertainties in life that we face on a daily basis, there is no denying that we can never be certain about the future. For this reason, it is almost a universal hope that we all want to provide for loved ones after death so they will continue to have their needs taken cared off even when we are not there. If you share this desire, then there is little doubt you need a life insurance policy to help secure your family’s future.

Now, one of the biggest concerns for many people regarding life insurance is that it is not considered as a form of investment. For most, an investment is something that you can put your money into and earns profit that you can easily withdraw and use for other purposes. Because a life insurance policy is essentially a stagnant investment in that it is not usable unless something were to happen to the policy holder, then people move away from it because it is not beneficial for them.

But the fact of the matter is that life insurance is just an extension of our desire to have a secure source of income, more so when we are no longer there to provide for our loved ones due to unintended accidents. This is particularly true for people who primarily earn for their families. Imagine; how would one expect their wife, children, and even one’s extended family to cope when a terrible and unexpected accident has happened?

A life insurance plan allows you to feel secure in the face of life’s uncertainties. It gives you the peace of mind that if something were to happen to you, your family is well provided for. It gives you the flexibility to choose a policy that is within your means but will also be able to cater to your family’s needs, be it their daily expenses or more long-term financial concerns like your children’s education.

For small amounts payable monthly, quarterly or annually depending on your preference, your family can be secure in the knowledge that you have set aside something for them in the future. So consider getting a life insurance so you can provide for loved ones after death. It’s the most logical investment that you can make to protect your family’s well-being.

Comments: 202

  1. Cory April 18, 2013 at 5:48 am Reply

    He doesn’t see the importance of it, but I know he needs it. dental and health insurance. He doesn’t make a lot of money either.

  2. Devin April 21, 2013 at 7:47 pm Reply

    For those of you that are in the medical field and those of you that have this condition, my question is can you have a quality of life and a vibrant life if you have diabetes? Will a cure ever be found?

  3. Jerrod April 30, 2013 at 11:22 am Reply

    I was involved in an auto accident, was not my fault. The person who hit me died & his policy limit was only $25,000 which won’t even cover my medical bills. My lawyer says basically I am left with the medical because I don’t have under-insured motorist, I only have uninsured and I don’t know the difference. He sent me this in a letter, I have called to meet with him next week. But in the mean time does this mean all I can get is $25,000 and I will be stuck with the rest to pay myself. I know normally I could sue the person but he passed in the accident and he wasn’t married I know that. I “heard” he didn’t have a house in his name but did have life insurance he left to someone as a beneficary…could I be able to go after that? Also just to add, I am very upset b/c this person was exceeding the speed limit by 3 times & yes I know he died but he was at fault here I am going through all this pain, surgery, mental anguish, missing tons of work & I can’t even get all my medical
    bills payed little on not being able to get any pain and suffering and money back from me missing work. What can I do…besides go crazy??
    Just to add….I never knew what the policy limits meant, I only thought that was to pay for someone else if an accident was my fault…never knew I could use it to help me…

  4. Kathryn May 9, 2013 at 5:21 pm Reply

    How much importance does a possible employer place on a good credit score? What if a person is definitely qualified for the position, has a great personality and is exactly what they are looking for, background check is clear, but they have bad credit?
    Marianne: Duh. thanks for nothing

  5. Shaneka May 14, 2013 at 1:40 pm Reply

    I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone’s thoughts.

  6. Cheyenne May 22, 2013 at 5:03 am Reply

    My grandmother is a beneficiary of her sister’s insurance. However, my grandmother died before her sister. And three years afterwards, the rights were transferred to my mother. March of last year, my grandmother’s sister died as well. We were wondering if the were time limits or any other sorts of restrictions to claiming the life insurance. If it is of any importance, my mother, the new beneficiary, lives in the Philippines. And the insurer (my grandmother’s sister) lived in Illinois. Thanks in advance.

  7. Alvaro May 22, 2013 at 8:21 am Reply

    I just entered a new career being a Financial Advisor in one of the Life Insurance Companies here in the Philippines. The response I commonly get is that they don’t have the budget to pay for the premiums. But I could see to myself that they have, only that insurance is not their priority. So, how do I convince those kind of people and how should I respond to this kind of objection? Thank You.

  8. Tyson May 23, 2013 at 7:50 am Reply

    My husband and I are both 23 years old and we just purchased a home. We have been under pressure from our Insurance Agent and our Mortgage broker to obtain Life Insurance in case something happens to one of us.

    We would like to have coverage in case something happens. I know the importance of Life Insurance, as my mom was killed in a car accident when she was only 38. So, we want to be protected, and we want our house to be safe.

    We are pretty much clueless when it comes to Insurance policies. I ALREADY LOOKED UP THE INFO ON WIKIPEDIA, SO PLEASE DON’T GIVE ME MORE OF THAT. I want opinions on what the best kind of Life Insurance is for us.

    Term (but if it is a 30 year term, does that mean when we are for example 54 and something happens after the 30 years, we aren’t covered???) or Permanant (whole life, and others). We didn’t like the decreasing term policy our agent showed us. We have gotten 2 quotes for Term Life.

    Help us make an informed decision!!! Please!
    Dan, I don’t have your email address!!!

  9. Stewart May 29, 2013 at 3:27 am Reply

    …of money?
    There is a group interested in hiring me. They are trying to find a way to pay me what I have asked for and I have asked for less than I want, but more than I currently make. I have a good chance of making what I want with another position, but I do not think I will be as happy there. I have been thinking of consulting on the side to make up the difference. If both job offers landed in front of you what would you do?

  10. Corie May 30, 2013 at 1:39 pm Reply

    like……….if a jobs pay 40k/year and it costs 5k/year for comrephensive health insurance………..

    40k – 5k = 35k………… think of it as an offer for 35k.

    instead they’re like “no i can’t accept this job because it doesn’t include health insurance”……

    like wtf?
    @Sue: IDK how old you are or what kind of conditions you’ve had, but for a standard healthy 20-some-year-old it does not cost anywhere close to that.

  11. Marlyn May 30, 2013 at 11:55 pm Reply

    How is the quality of life in Australia? Are women treated well? Are the taxes moderate or outrageous? How is the healthcare system? Are there a lot of nice guys? Can Australian citizens go to college without the help of student loans? how do Australians feel about the US? Is there much corruption in the Australian government?

  12. Denny June 1, 2013 at 6:01 am Reply

    We’re doing public speaking in my school, and I can’t think of a good topic, for the life of me.

  13. Jacki June 1, 2013 at 7:01 am Reply

    The Amish are very independent and like to be left alone. If they are self-employed in farming, they probably don’t have big incomes. They are frugal people who live within their means.

    But required health insurance will surely be a budget buster. And I can’t imagine them going down to the local welfare office to ask for a subsidy. I can’t imagine their being too happy to have to reveal their income and assets to the “English” in their communities, or perhaps having to pledge the family farm to repay the subsidy when they die, ending the farming tradition for their families.

  14. Gale June 1, 2013 at 6:11 pm Reply

    I am toiling in contract attorney hell at a large firm in downtown Los Angeles. Someone give me some advice on how to pull myself out of this situation. For those who have been in my spot, tell me how you got out, especially if you pursued a profession change.

  15. Addie June 3, 2013 at 11:51 pm Reply

    I’m not saying that we’re insignificant, but so many things that are so significant now wouldn’t even matter some centuries later, and doesn’t matter all that much now in a expanding universe, because within tremendous amounts of galaxies, we only resemble a tiny particle of life.

    So, do you think human nature tend to make us feel more important than we’re actually are, in order to function in this world?

    If you either agree or disagree, please explain why.

  16. Bernardo June 4, 2013 at 4:44 pm Reply

    I have seen it says it means persons having authority but I am looking at Maslow’s hierarchy chart and I just don’t get how persons having authority is defined as his chart is showing.
    Thanks in advance!

  17. Shenna June 6, 2013 at 4:16 am Reply


    Where can I find the best dog insurance ?


  18. Meta June 6, 2013 at 2:31 pm Reply

    I am a licensed life insurance agent. I attend so many funerals, where there was no life insurance in place. I love to educate families on the importance of life insurance, but is it appropriate to do at a funeral?

  19. Omer June 7, 2013 at 5:11 am Reply

    We have a right to know how deluded a presidential candidate is.

  20. Chantelle June 9, 2013 at 4:18 am Reply

    Tell them that you’re glad they called and you want to tell them about something even more importance than car insurance. Then try to sell them on joining your cult. You’ll hear that click before you know it.

    I’ve learned this from sad experience. A cult leader’s life is not an ‘appy one.
    panda, you’re just incredible!

  21. Kiesha June 9, 2013 at 1:43 pm Reply

    Right now I’m taking a break from school, trying to figure out what i want to do, but I do know the importance having a degree will have in the long run, so I want to continue that. While on my break from school, I have considered every option including the military, which I realized would not allow me to do what I love to do, and really would only allow me to do what they would love for me to do! Now I love sales and I love working with people, so I thought insurance would be a great way, and I think I have found a pretty decent company, with a great lead program, If i took morning classes, do you think it would be possible to do both?

  22. Latia June 11, 2013 at 1:54 am Reply

    Iran is threatning our allies in Israel plus being anti- american jack-asses.

    And How Will George Walker Bush be seen 20 years down the road?

  23. Raymon June 11, 2013 at 3:58 am Reply

    My insurance informed me that my previous male doctor no longer accepts my insurance, so they gave me a female doctor from the same office.

    Should I get a male doctor or is this fine?

  24. Terrell June 11, 2013 at 7:01 pm Reply

    also the importance of keeping my license current. I am stumped and i have found a lill info but im horrible at putting itall together. can someone please please please help asap!!
    correction: 5 page report, but it can be double spaced so its more like 2.5 pages

  25. Clorinda June 12, 2013 at 3:50 am Reply

    I want… I NEED to stop smoking.(cigarettes by the way). I know my health is going to go downhill from here…and I don’t want that. I’m only 21 and want this to end before I start having children. I have health insurance…and was going to talk to my dr. But has anyone out there quit for good? If so, any tips?

  26. Brett June 13, 2013 at 8:31 am Reply

    Definition/Importance of Studying
    Birth RATE
    Fertility rate
    Death rate
    Life expectancy
    Functional Literacy
    Positive/Negative effects of Migration ( OFW’s)

    What is the importance of studying all of these? I really need the answer. THANKS! 🙂

  27. Bruna June 16, 2013 at 6:01 am Reply

    What is the importance of medical terminology in the medical field?

  28. Hisako June 22, 2013 at 1:50 pm Reply

    hi guys.i was meant to find out the benefits of having a life insurance cover in college,and i was know reference to,but i did not know how to go about it.please assist me out.

  29. Antoine June 23, 2013 at 6:54 pm Reply

    Is there a way to find out if someone has taken out a life insurance policy on you, without your knowledge, much less permission? And if they have, is there a way to have that policy cancelled or any other legal reprocussions?

  30. Ronnie June 25, 2013 at 12:39 am Reply

    Do you think the negative side effects of capitalism (e.g., basic greed, disproportionate distribution of wealth in the public, poor quality control for the sake of maximizing profits, inflation, slave labor, misunderstanding socialism as the exact opposite of capitalism, consumer waste, chemical wastes from corporations, poor nutrition and health from fast foods, exploitation of resources, encouragement of the importance socio-economic class, biased foreign policies, advertising disguised as news or information, etc.) are getting to the point where there’s too much harm being done to actually enjoy living in America?

  31. Sharron June 25, 2013 at 11:52 pm Reply

    I wondered if he needs someone else to help him instead of me? He has had speech and physical therapy and did really well and seems to think that we are finished. Who can I talk to that can make him realize how serious this is?

  32. Damion June 26, 2013 at 12:22 am Reply

    So a person buys life insurance to secure their family’s financial future right?

    If a person accidentally dies, wouldn’t a Will (where they give all their money and assets to their family) do the same thing as a life insurance policy in terms of giving money to their family?

    I don’t understand the point of paying for life insurance, it seems like a waste of money when my money will go to my family anyways upon my death?

  33. Dyan June 26, 2013 at 12:59 am Reply

    Is it possibly health and health care or poverty? Or both? Or neither? Please super confused.

  34. Bennie June 26, 2013 at 1:13 am Reply

    Time frame must be in between the unification of Germany and world war I.

    Does any of Bismarck’s alliance display authoritarianism?

    I’m a little confused after reading my textbook because it doesn’t mention much about Bismarck’s affect on the people of Germany during the time frame.

    I’m confused how social reforms and wars tie into authoritarianism.

  35. Trudi June 26, 2013 at 1:17 am Reply

    What kind of questions do i need to ask them, what to look for, etc. I’m looking to purchase 500k (ea.) for me and my wife.

  36. Sara June 26, 2013 at 4:29 am Reply

    Hope someone may be able to help. It is of personal importance that I know the reason why. Basically this man entered the UK and ten years later claims that he is unable to leave the UK as his passport was confiscated on entering the country.
    Can anyone give me a realistic answer here? I feel the same regarding terrorists ect I assure you. This guy has been in a relationship with my cousin for 4 years….some things he is saying just don’t add up although he is a lovely guy etc etc….it seems as though there is something not right in the fact that he is ‘unable to get a uk passport or visa’…..would you assume that he may be an illigal immigrant?

  37. Tyree June 26, 2013 at 11:19 pm Reply

    I personally think he will, because he still has family down in Mexico and his father was born in Mexico, and his family in Mexico wants to see undocumented immigrants legalized, also Mitt is the best example of the Dream Act. And Mormons are known to support legalizing undocumented immigrants.

    So I think in the end, if Romney wins, there will be large number of legalization of undocumented immigrants in the USA.

  38. Chana June 27, 2013 at 1:49 am Reply

    From the Aug 11th Associated Press release

    Americans are living longer than ever, but not as long as people in 41 other countries.
    For decades, the United States has been slipping in international rankings of life expectancy, as other countries improve health care, nutrition and lifestyles.
    Countries that surpass the U.S. include Japan and most of Europe, as well as Jordan, Guam and the Cayman Islands.

    “Something’s wrong here when one of the richest countries in the world, the one that spends the most on health care, is not able to keep up with other countries,” said Dr. Christopher Murray, head of the Institute for Health Metrics and Evaluation at the University of Washington.
    Dear conservatives who say it’s not in the Constitution –
    Did I say how the Congress should act? Did I say what I want them to do? Maybe universal coverage. Maybe stop funding medical procedures. There are lots of options.
    Why do you read everthing with a bias that says “oh a liberal must have written this even if it doesn’t indicate anything like that”

  39. Vern June 30, 2013 at 2:14 am Reply

    I was taking 25mg twice a day of lopressor and 10 mg a day of lisinopril until about a week ago when I ran out. Since then I haven’t been able to get more medication. For the past couple of days my heart rate skyrockets and I get chest pain. I get out of breath, feel dizzy and weak. Sometimes my palms and fingers get bright red and feel like they’re on fire. Once I am able to afford my medication, I only have so many refills left before they run out. I had health insurance when I was married to my ex husband, but now that I’m divorced, I’m I no longer have health insurance. These episodes are scary and worry me. I checked my blood pressure and heart rate today and Walmart after walking in the door and to the pharmacy. Blood pressure was 135/95 and my heart rate was 124. Right now it’s 106 according to my blood pressure monitor.

  40. Annice June 30, 2013 at 5:47 pm Reply

    I actually planning to get one life insurance for myself.
    But, I dont know the benefits of this one?
    Can you please advise?

  41. Randolph June 30, 2013 at 7:05 pm Reply

    There are 3 different credit bureaus, so how is that one number determined?

  42. Dave July 2, 2013 at 12:54 pm Reply

    Let me know what is the importance of Health care insurance in any individual life and best Health care insurance companies in India?

  43. Rosa July 2, 2013 at 11:01 pm Reply

    My mom passed away last fall. Before she died, she told me that she had a $10,000 life insurance policy for which I was the sole beneficiary. My stepfather was the beneficiary for all other policies. At the time, I didn’t want to talk about it because I didn’t want to think about her passing away (she was only 54). Now that she is gone, I would like to locate the policy, but I can’t find documentation. What is the best way to go about finding out who the claim was through? Any advice is greatly appreciated. Thank you!

  44. Jannette July 3, 2013 at 6:31 am Reply

    I have researched both breeds and have fallen in love with them 🙂 But now I don’t know which of the 2 to get?
    (Don’t mind getting a cross breed of the 2)
    Please include personal experience with each breed good and bad.

  45. Porsche July 3, 2013 at 3:42 pm Reply

    Mexico , South America, Central America, and Quebec are all Catholic. That is OK cause Catholics are Christians. But in the USA there is an influx of Catholics from Mexico legal and illegal. There are no Protestants on the Supreme Court, which only has Catholics and Jews. The Protestants could move North to Canada, but is that not under Britain? Most Catholic countries are poor. We need to pay the debt and balance the US budget. So we need elements that produce wealth and jobs. Santorum and Gingrich are both Catholic. Some Republicans want to make Marcus Rubio , another Catholic ,the Vice President. In Europe the Catholics and Protestants were adversaries. Even till recently in Ireland there was war between the Protestants and Catholics. Not that Catholics are not good people. They are. But the point is we need to have balance. Like it or not, it was the Protestants who brought freedom etc to America and established it here and for the rest of the world. Not that the Protestants are perfect or anything like that. The only Protestants running are Ron Paul a Baptist and Romney , a Mormon . Neither of these has allegiance to someone outside of the Republic of these United States. So I think Protestants need to look more seriously at their GOP Presidential choices or other choices. They need to vote Protestant. And next time Protestants need to run more Protestants for Congress and other positions. Wake up Protestants. One third of all US Catholics vote GOP. Two thirds of US Catholics vote Democrat.

  46. Hal July 5, 2013 at 3:11 am Reply

    My parents took out a life insurance policy on me when I was a child. I am now married and would like to transfer it into my name with my wife as the beneficiary. Is this possible?

  47. Edna July 5, 2013 at 8:54 am Reply

    I am researching the CPI and am curious what it measures, what the measurements consist of or exclude and whether the average citizen should be concerned with the resulting figure. Also, where do I find accurate information that can be trusted for a current CPI?

  48. Moira July 5, 2013 at 9:09 am Reply

    We are a Canadian couple. My spouse is divorced, we have been together for almost a decade now. We’ve been renting apartments since he sold the house that was his family home in Alberta. We don’t have kids together, it was our decison since we met. My spouse’s children are all grown ups, living independent lives.
    Through the years I had this question in my head, wondering myself if it really worth to buy a house or condo or any real estate… I think there is so much to consider while buying a property: the cost of the mortgage itself, the yearly taxes, home maintainance and/ or improvements, insurance… hence the reason for my question “What is the importance of owning a house?” Btw, we are in our 50’s now. Our net anual income is close $175K.

  49. Carl July 5, 2013 at 4:13 pm Reply

    particularly in the present day scenario, when the children CANNOT look after the parents in their old age.

  50. Son July 5, 2013 at 4:36 pm Reply

    Being an obvious election hot button, why is the cost of health care going up, given it was static in the 50’s-70’s.

  51. Gregg July 5, 2013 at 4:37 pm Reply

    I heard that there’s a cash value that accumulates on a life insurance policy. If I am the beneficiary, how do I pull out cash on it?

  52. Rolf July 5, 2013 at 4:37 pm Reply

    Can the beneficiary of a life insurance policy be forced to pay for a funeral? Also – what if the beneficiary is a 10-year old boy..?
    Thanks for anyone having info ….

  53. Bradly July 5, 2013 at 4:37 pm Reply

    They are huge assholes but it isn’t like they are in any powerful position. They are just tv/radio show hosts. They are of no importance to our society.

  54. Obdulia July 6, 2013 at 12:40 am Reply

    My mother wants to get a life insurance policy through Colonial Penn, but we are planning to move permanently to England in about 2 and a half years. Will this policy still be valid there or???

  55. Tesha July 6, 2013 at 12:40 am Reply

    When people say “Just do it” or “Life is too short to stress about eveything” it does not help in anyway. “Go talk to someone?” Some people can’t keep shelling out money that they don’t have, even if they have insurance. Friends? Well sometimes they try to help, but they have there own problems to deal with. Am I missing something here?

  56. Carmine July 6, 2013 at 4:27 pm Reply

    We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we’d be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

  57. Curt July 7, 2013 at 4:10 pm Reply

    A loved one passed unexpectedly, and the family is wanting to know if there was a life insurance policy, but we don’t know how to research this. Any tips would be greatly appreciated !

  58. Valerie July 7, 2013 at 4:42 pm Reply

    My parents are in their eighties, and I was told that they could sell their life insurance policies via something called a “life settlement.” Could anyone fill me in on what that is, without trying to solicit my business? Thank you.

  59. Malcolm July 12, 2013 at 9:13 am Reply

    She tells that credit score are only need for borrowing. I have explained to her that it helps you get good insurance quotes. I also told her than you can lose you your job or not get one at all. what ways that i can explain to her the 3 digits are not just for borrowing money?

  60. Mechelle July 12, 2013 at 1:14 pm Reply

    A man who fills his attic and closets with thousands of shirts, hats, and refuses to throw anything away.

    A woman who will only sleep with a man based on how much money he has.

    An employer who refuses to pay his workers a fair wage or provide them with health insurance.

    All of these are examples of what we refer to as “materialism”, and it may very well be the worst human vice.

  61. Dorthea July 13, 2013 at 8:41 pm Reply

    I am wanting to know if I have to report as savings a small life insurance policy that is not earned income. I keep it in a savings account but it is not considered as earned income right? I am wanting to protect it if at all possible for emergencies only.

  62. Adolph July 14, 2013 at 1:13 pm Reply

    My father just retired, but he is stubborn and against getting a life insurance policy. I would like one to cover expenses he may leave behind and to take care of his wife, but he just doesn’t see the need for some reason. His wife (my mother) is also the same way and they are too old fashioned and set in their ways to change their way of thinking. My parents are not rich and does not have a lot of money saved up. As a result, I may have to pay it myself even though I am supporting my own family on a single income. Obviously, the older one gets, the more expensive a life insurance policy becomes. Does anyone know of any good, reliable low cost life insurance companies out there? He doesn’t have any major problems, but it would be best if there are some that doesn’t require any health checks.

  63. Paulita July 15, 2013 at 10:24 am Reply

    who is the owner and who is the beneficiary in a key person life insurance policy?
    i think its the employer for both right?

  64. Iliana July 16, 2013 at 3:33 am Reply

    A lady was the beneficiary of a $15,000 life insurance policy for her son who died in an accident.
    Her ex husband has hired a layer to get the insurance company to give him the $2000 she owes him for child support and the $10,000 inerest that has accumulated on the back child support.
    So, she thinks sshe’ll only get $3000 out of the $15,000. Can the ex husband succeed in this and the laws of child support let him garnish what the insurance policy was to ay her? This is happening in Florida.

  65. Virgil July 17, 2013 at 3:19 am Reply

    My parents have a life insurance policy in my father’s name. They are both trustees. They are now divorced. Who receives the benefits of the policy as it has now matured? Any help would be appreciated.

  66. Mari July 17, 2013 at 7:03 pm Reply

    I have strong reason to believe that members in my family have a life insurance policy on me.

  67. Bruna July 18, 2013 at 3:28 am Reply

    My best friends sister died recently and we suspect that someone in the family has a life insurance policy on her, but doesn’t want anyone to know about it. Is there any way we can find out if someone other than her husband had/has a policy on her?

  68. Shawnta July 19, 2013 at 2:45 am Reply

    I always see on Forensic Files and other shows about murderers, they are able to purchase a life insurance policy for their spouse or relative without the person’s knowledge. Then they kill the person for the money. Why are they able to buy a life insurance policy without the person knowing about it? Wouldn’t that prevent some murders if there were better procedures put in place?
    The shows I am talking about are shows abotu real people and real murders. Forensic Files, Snapped, even dateline.

  69. Rocky July 19, 2013 at 4:00 pm Reply

    My parents took out a life insurance policy on me when I was a baby back in 1968. I’m not sure as to how long this was paid up & it has accured interest. They are both deceased & I have to send Met Life a copy of both of their death certificates before they can change it to my name & I can cash it in. I’m wondering just how long does this process take as far as the change in ownership?
    Just as an FYI, I called Met Life yesterday & they had both of my parents info. However since they were the owners of the policy they could not release any info. I do have plans to cash it in no matter what.

  70. Walton July 19, 2013 at 7:17 pm Reply

    My grandmother purchased a life insurance policy for on her w/me as the beneficiary many years ago and has misplaced the policy. The bigger issue is she doesn’t remember the name of the insurance company she purchased it from. She knows it was based in Florida but nothing else. Is there any way we may be able to locate the company and get another copy of the policy?

  71. Pat July 19, 2013 at 11:10 pm Reply

    I have another Life insurance policy and I don’t need the other one. Is it possible to cash in that policy?

  72. Ahmad July 20, 2013 at 12:45 am Reply

    If I buy a life insurance policy today and die in, say, 6 months, can my family still cash out? How soon after the policy is purchased can it be cashed out?

  73. Cole July 20, 2013 at 1:25 am Reply

    I am going to study in Poland, Germany, and China for an MBA program. I will be gone for almost 11 consecutive months. My parents have asked me to purchase a life insurance policy for a couple thousand dollars. Isn’t that weird, or am I just over-reacting? I am only 22 years old. Why would I need a life insurance policy for a couple thousand dollars?

  74. Hipolito July 20, 2013 at 1:26 am Reply

    I saw it awhile ago on television that it’s a life insurance policy you can use while still living such as to pay for children’s college and stuff? Do they still offer this and from what company is it from?

  75. Marlyn July 20, 2013 at 2:47 am Reply

    My aunt died recently, and she had a life insurance policy no one knew about, and my mom is the beneficiary. She wanted me to find out how much interest can be accumulated from a general policy. It was never updated, and it was just sitting there gaining interest since the 1960’s. The original amount was $500. Does anyone have an estimate of how much it could be worth now? My mom told me if i found out, and helped her, she would give me some money 🙂

  76. Rosaria July 20, 2013 at 8:21 pm Reply

    I need to know if I can put a life insurance policy on my Dad since my Mom already has one for him. Also wondering if it will make it more expensive for Mom,me or both.

  77. Jonah July 21, 2013 at 3:56 am Reply

    My brother recently passed away. I found a life insurance policy that was one month old and worth nothing. I keep finding money order receipts that say”Life Insurance” that are dated way before the one I found but I cannot locate any paperwork. Is there any way to find out if he did have another insurance. I am stuck with the burial costs and can’t afford to pay them.Thanks for your help.

  78. Lonnie July 21, 2013 at 3:43 pm Reply

    I am suspicious about a relative of mine. I have a sneaky suspicion that there is a life insurance policy on me. I did not authorize this person to do so. I am getting a lot of emails and postal documents concerning life insurance.

  79. Brittaney July 21, 2013 at 10:00 pm Reply

    A few years ago, my mother put $25,000 in a life insurance policy for me, so I could have it when she died. Can she cash it in? Does she need my signature? Or is it unavailable until she dies?
    My mother has incipient dementia and has spent or lost all her money except (she says) for this policy. There’s no need to get snarky, people.

  80. Ezekiel July 22, 2013 at 2:27 am Reply

    I work for a financial institution and see that a client pays on a $250,000 life insurance policy on a 10 year old granddaughter – the grandmother is the beneficiary which means if the daughter dies she collects $250,000. She took it out 2 years ago, so the granddaughter is now 12 and she is 72 years old. The granddaughter should be healthy otherwise wouldn’t qualify to be insured so not like she has a disease she is dying from. Does this make sense?

  81. Emmett July 22, 2013 at 5:41 am Reply

    My friend’s father died recently. Twenty years ago, her father took out a small life insurance policy to pay for his funeral expenses. The beneficiary is my friend’s stepmother. The stepmother doesn’t even recall a life insurance policy. She wonders if he had cashed it out. How can my friend find out if a life insurance policy still exists? Those unclaimed fund sites don’t usually include life insurance policies, and the life insurance company may not know that a death has occurred.

  82. Chang July 22, 2013 at 10:11 am Reply

    I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone’s thoughts.

  83. Orlando July 23, 2013 at 3:20 am Reply

    My Dad told me he named me on a life insurance policy. He just died. Because of certain family dynamics, I may not ever receive information regarding this policy. Is there some way I can contact the major companies to find out if the policy is with them? What information might I need to give them? Can I do it on the phone or in writing? I just need to know which one and then I can provide them with the death cert etc.

  84. Shane July 23, 2013 at 10:42 am Reply

    I thought life insurance policies were for the remaining family members after a person’s death. For instance, the main worker in the family should get a life insurance policy to ensure their spouse and children have enough money if somethign were to happen.

    Now since children do not contribuite to a household income. Why would there be life insurance? Besides the funeral costs, their death would not impact a family financially, would it? I just saw a commercial for one, and it got me wondering. I am only 16, so no rude comments if I have the point of life insurance all wrong here.

  85. Stacy July 23, 2013 at 11:34 am Reply

    Love is like life.It has twists and turns and every path does not goes towards happiness but if we don’t stop living,if we don’t stop breathing then why do we sometime lose faith in love?


    Your opinion.

    Thank you for answering.

    ~Smile 🙂

  86. Keith July 23, 2013 at 10:40 pm Reply

    My father in law had a life insurance policy that stated who the beneficiaries were. A few months ago he re-wrote his will and in the will stated that he no longer wants the original beneficiaries but rather some other ones. The policy was never changed, and he is now deceased. Do we go with the policy or the will?

  87. Christian July 24, 2013 at 12:10 am Reply

    I just turned 19, my life insurance policy just started and I don’t want it. I know that you can cancel it by stop paying for it, but what if it’s connected to my bank account?

  88. Tami July 24, 2013 at 4:41 pm Reply

    We have had our Permanent Life insurance policy for a year now. It is a policy for $25,000. Our monthly premium is $25.14 a month and we have paid that for 12 months now? How much cash value do you think we have invested in it? We are in a desperate financial need right now, and need to borrow some money from our policy.

  89. Laquita July 25, 2013 at 2:01 am Reply

    I am keen on getting a life insurance policy purely from an investment perspective. Any opinions would be helpful.

  90. Kimberley July 25, 2013 at 4:34 pm Reply

    I would like to take a life insurance policy for my Father, and make myself the beneficiary. I have all of his information, but he lives out of state. What do I have to do to get one? Thanks in advance.

  91. Danial July 26, 2013 at 10:17 am Reply

    My grandmother is almost sixty years and she does not have a life insurance policy. We were talking and I asked her what she had in place in case of a situation. She said nothing. Her plan is for us to sell her house and split the money.

  92. Pat July 26, 2013 at 9:56 pm Reply

    I inherited a flexible variable life insurance policy that my now deceased grandfather bought for me a long time ago. The value on it has gone down in value by about $900 since I found out it was mine 3 months ago…should I just cash it out now or is there a smarter way to cash out the surrender value (it’s tied to the stock market…so I know there’s probably not much I can do)? Help please.

  93. Melita July 27, 2013 at 11:39 am Reply

    When someone dies with a will & a life insurance policy can that policy be tapped to pay their medical bills? The policy is in a Trust for the daughter’s college fund.

  94. Kortney July 28, 2013 at 11:39 am Reply

    I do not have alot of money and I am trying to find a life insurance policy that I can afford for my mom. Sha has cancer in her throat and I can not find an insurance company that will give her insurance under $100 a month. Ant ideas?

  95. Nola July 30, 2013 at 4:48 am Reply

    I am considering selling some of my annuity payments for a lump sum, but required to have life insurance policy as collateral. I currently have a policy which is more than needed to cover the amount needed, but dont know much about using as collateral. What types of policies are assignable? I know you can designate a beneficiary on the policy, but dont know if there is a certain type of policy needed for this purpose. Any info is greatly appreciated and thank you in advance.

  96. Hisako July 31, 2013 at 12:13 am Reply

    Say my mom has a life insurance policy for $100,000 and she passes away. She is not married and I would be the beneficiary on the policy. If she has individual debts like medical bills and car loans, would the policy pay those first, or would the funds pay to me? There really wouldn’t be any other money in the estate besides the policy, and I want to make sure we plan everything right. Not to be morbid, I just don’t know.
    Thank you guys! It was so helpful and really eases a pretty difficult time for us!

  97. Chung August 1, 2013 at 4:44 am Reply

    Recently I have begun to face some financial situations. I am thinking about closing my life insurance policy to help me cover some debts and maybe later down the road purchase a better/cheaper policy. If I do this, what can I expect as far as a check from the company? Do I just get back the money I put into it? ie: my money from all the premiums I’ve paid.

  98. Issac August 3, 2013 at 8:11 am Reply

    My husband and I are just starting to map out a plan for caring for his elderly uncle. He wants to stay in his home, has no other relatives but lives an hour a way. His memory is failing and his friends are becoming concerned. However, he is adamant that he is still able to take care of himself and remain in his home. Any tips on where to begin would be helpful.

  99. Stewart August 4, 2013 at 10:08 pm Reply

    The couple bought a second home together and got a quit claim deed on the first home leaving the husband as sole grantee. My initial thought was that they will each have their own home and live separately (they will not divorce because of religious reasons). Would there be another incentive for them to remove the wife’s name from the property that I’m not aware of? Could there be any tax incentive (the husband is the only one who is employed)?

  100. Hisako August 6, 2013 at 3:07 am Reply

    Not even people living in the developed countries can afford the cost of new-sophisticated medication. It takes decades, for a particular treatment or medicine to get financially manageable by commoners. I think governments rather than private players run most R&D’s in the medical field. That would be a reason that drags this field, the lack of intense competition

  101. Traci August 6, 2013 at 9:49 am Reply

    My dog is half maltese and half pomeranian. His legs are disproportionate to his body. Could this cause problems?

  102. Francesco August 6, 2013 at 9:52 am Reply

    I see the advertisings on this type of policies. My husband and I are planning on taking out a life insurance policy each, making each other the beneficiaries…

    What’s the difference?

  103. Jay August 7, 2013 at 11:37 am Reply

    That’s funny but, what does it mean to have moon sign in the 8th house?

  104. Cherilyn August 7, 2013 at 1:39 pm Reply

    I found a 1903 Prudential Life Insurance policy in a box from an estate sale. Is there a way to find out if this is valid still? Also, I am not an heir but I bought the document so am I the owner?

  105. Marguerite August 7, 2013 at 11:02 pm Reply

    I’m just curious about the following scenario
    Lets say someone has a life insurance and get a death sentences.
    Would the life insurance policy be automatically void?

  106. Rosendo August 8, 2013 at 12:50 am Reply

    My mom had a life insurance policy in her mortgage a new company took over her mortgage and canceled her her insurance she died she thought she had insurance the new mortgage holders said that they use a different insurance company.

  107. Dorthea August 8, 2013 at 4:07 am Reply

    If I make a will and a life insurance policy in Florida, would both of them be valid in Hawaii or would I need to update it? Sources?

  108. Hollis August 8, 2013 at 1:40 pm Reply

    My mother in law past away suddenly three years ago. We found out through the executor of the will, (brother in law ) that there was a life insurance policy that was never mentioned. When we questioned him on it. He said it was payable to one child of the four (my husband) but it was never mentioned because he said the policy was canceled over the phone. I was told by a lawyer that policy can only be canceled in writing or it can lapse for non payment. Is there a standard that is upheld for life insurance cancellations?

  109. Kelsey August 8, 2013 at 7:42 pm Reply

    Gerber’s life insurance policy says 14 days old. Are there other insurance companies with different ages?

  110. Marlyn August 8, 2013 at 11:07 pm Reply

    For example, let’s say I’m retired and have a pension, but that pension ends when I die. Can I buy a life insurance policy that only pays off if my spouse is still alive when I die?
    I’m specifically asking if you can purchase the “survivor benefit” separate from the pension on which it’s based. I have a relative whose survivor benefit package seems to be a bad deal, and I’m trying to get a competitive bid based on a combination of life insurance and annuity products from the free market. Any ideas?

  111. Sharolyn August 10, 2013 at 1:54 pm Reply

    My great aunt and uncle are in their 70s and can no longer afford their existing life insurance policy on their fixed income. They are considering letting it lapse, but are hesitant to let it go since they’ve had it for so long. Do they have any other options?

  112. Ronny August 10, 2013 at 8:59 pm Reply

    I need $1000.00 for home repairs and to pay some bills. I am thinking about borrowing on a life insurance policy. The interest is 8%. How much will I be paying back if I repay it within 12 months. Is this a good idea?

  113. Francesco August 11, 2013 at 3:49 am Reply

    I thought life insurance policies were for the remaining family members after a person’s death. For instance, the main worker in the family should get a life insurance policy to ensure their spouse and children have enough money if somethign were to happen.

    Now since children do not contribuite to a household income. Why would there be life insurance? I just saw a commercial for one, and it got me wondering. I am only 16, so no rude comments if I have the point of life insurance all wrong here.

  114. Becki August 11, 2013 at 1:26 pm Reply

    Also do I need to pay taxes on a universal life insurance policy as well?
    I have a universal life policy currently on my father who is now 80 years old, and looks like will soon be passing due to his illnesses. I want to know how easy is it to collect on the policy after he pasts away? Is there a certain number of years before the policy matures?

  115. Fidel September 5, 2013 at 11:19 am Reply

    I see a doctor once every two years. Thus, I just need some insurance that’s gonna protect me in case of an emergency. Just wondering if someone has this sort of health insurance and is happy about the service and monthly payments. 🙂

  116. Miss September 12, 2013 at 2:26 am Reply

    I want to cash out (surrender) my life insurance policy. I’ve had it for more than 20 years and it totals more than 10k, but the taxable portion is not. If I were to allow them to withhold the 10% of the taxable portion of the cash surrender value, do I still have to put it on my tax returns? Or should i check the box for “Do not withhold federal and state income tax” and do it myself?

  117. Ned September 17, 2013 at 5:05 am Reply

    A life insurance policy taken out at 10shillings every 4 weeks in 1948 would be how much in todays money – taken note that this was a lifetime policy

  118. Kellee October 27, 2013 at 2:50 am Reply

    Say I bought a 15 year $150,000.00 term life insurance policy? Right after I buy it could I turn around and sell it to a settlement company for cash. There is a penalty for cashing out early and there is taxes but maybe with the amount left over I could invest it and with the earnings over time continue to pay the premiums and turn a profit.

  119. Robert November 30, 2013 at 10:50 pm Reply

    I have been trying very hard to get over a divorce, and I can’t seem to get anywhere. I sell health insurance, and Obama has taken that too.

    I have two kids, am luckily somewhat healthy for now, but the stress and rejection have gotten to me, and now it seems people want little to do with me.

    I owe 80,000 from my divorce still, and my ex-wife freaked out enough on my last girfirend that she could just not take it any more.

    I have kids, but I feel that life is over, and I need to quit for everyone’s sake.

  120. Scottie January 15, 2014 at 4:11 am Reply

    What are some affordable life insurance policies for people with diabetes?
    Looking for $400,000 in coverage.

  121. Orlando January 16, 2014 at 1:48 am Reply

    My husband has 5 or 6 life insurance policies on himself, all with me as the beneficiary. He has 2 policies through his union, 1 through his job, and the rest he purchased. We live in California, I was wondering if this is legal? If he were to die would I be entitled to the money from all the policies? I think there is no need to have so many policies & continues to pay for them, one is fine. Please advise.

  122. Coleman January 19, 2014 at 9:36 pm Reply

    I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?

  123. Hollis January 26, 2014 at 8:11 pm Reply

    I’m fairly new to life insurance policies and am learning as I go. Also, if that were possible, to what extent would the length of coverage be? Is it possible to last for the duration you funded for your family? Detailed answers please.

  124. Nola February 2, 2014 at 6:25 pm Reply

    I am a investor seeking a website to purchase unwanted life insurance policies/ domestic or international doesnt matter.

  125. Virgie February 2, 2014 at 6:27 pm Reply

    I am relatively young.
    and married.

  126. Nathanael February 2, 2014 at 8:44 pm Reply

    Does anyone know how to find a life insurance policy for someone that recently passed? A relative, whom I am quite sure had a policy, died and we cannot find the documentation of a life insurance policy in her files. We have power of attorney so that is not an issue.

  127. Marlyn February 2, 2014 at 8:46 pm Reply

    Who are the good providers. What kind of questions to ask and know about hidden costs/risks/returns.

    Thanks for your time in advance.


  128. Pedro February 2, 2014 at 8:58 pm Reply

    If a life insurance policy was created more than 2 years ago and it’s worth $100,000. How much would you be allowed to borrow from it today.

  129. Columbus February 3, 2014 at 11:31 pm Reply

    I feel like a vulture or something worse now that I am filing for my mothers life insurance. It isn’t much but I still feel lousy about it. any idea why?

  130. Ezekiel February 4, 2014 at 6:08 pm Reply

    This is a little complicated … My step sons’, C and D, maternal grandfather, B, died Oct 1. C and D’s mother is not in their lives, but B was. It was well known that B had life insurance policies that had C and D as beneficiaries. We don’t know the company names or policy numbers for the policies. B’s mother or other daughter were named the executor of his will, we are not sure which, and will not give us any information. We want to ensure C and D receive what B worked hard to give them, but don’t know how since all we hear is that “it is being handled within the family”. What, if anything can we do?

  131. Erik February 5, 2014 at 8:11 am Reply

    i was diagnosed recently with a critical illness and would like to inquire on possibly selling one of my life insurance plans
    great information. I was reading my policy and sounds like I might be able to convert the policy also. The insurance company offers critical illness insurance and disability insurance. Would this be a wise option? I’m a single income parent and self employed daycare provider

  132. Ula February 6, 2014 at 5:28 am Reply

    We sure do…and I used to sell insurance as well. I was just wondering about all of you parents out there and I wanted to stress the importance of life insurance aside from what your employers offer is why. I tried to sell my husband’s best friend some life insurance and he told me he was all set, his employer offered great life insurance…well last week he was told he has testicular cancer (at almost 30 years old)…so now if he was ever to loose his job for any reason he is no longer considered insurable at all and thus will never be able to get on a new policy ever….he doesn’t have a family right now, but when he starts one he can’t get life insurance for himself..and it saddens me a lot.

    So…what about you parents? do you have a policy? Why or why not?

    We have a good one because should anything ever happen to us we want our kids to be okay and not worry.

    I ask because many of us are regulars and I really like a lot of you and don’t want to see something like this happen to you.

  133. Lorna February 7, 2014 at 11:07 am Reply

    My whole life insurance policy has been paid up? My mom borrowed money off of it in the past…how much are you allowed to borrow on that?

  134. Valentine February 10, 2014 at 2:20 am Reply

    Actually I am an insurance agent. Since most people I see every day are illiterates, they dont realise the importance of the need of life insurance. Do you know any website which has any documentary video or animated video/picture which insists the importance of life insurance which would give them a better idea and help them for their future.

  135. Dave February 10, 2014 at 5:15 am Reply


    I did not know that.

    JazakAllah Khair

  136. Candelaria February 12, 2014 at 1:02 am Reply

    I would REALLY appreciate anyone w/ life insurance (or stubborn husband) experience!!!
    I am 38 and my husband is 49. My husband is the sole income provider of our family.
    Since our first child’s birth, I have tried to discuss with him the importance of planning for our deaths. Our oldest son is 15, and he still refuses to have a Will drawn up. Also, he refuses to purchase term life insurance on us both in the proper amount according to our famincome.
    He is normally a very thoughtful and extremely responsible person. I know his lack of planning is due to his inability to deal with his own mortality.
    I have continued to express concerns re: our lack of planning for 15 years! I have approached it from every angle I can think of.
    On my own, I have contacted insurers to get coverage for us both & pay from my own “rainy day fund”. No one will write a life policy in any amount without 1st performing a physical.
    How do I protect my family in this situation?

  137. Rosaline February 13, 2014 at 9:08 am Reply

    The application for life insurance exam you have to put ALL of your previous employers. This past year I had quite a few jobs and dont want to list them. Will the state find out if I dont put like 4 jobs on there for this past year? Does anyone know if they check tax returns?

  138. Lupe February 13, 2014 at 4:23 pm Reply

    Hello a friend of mine(Old timer) had his bank account hacked by some guy in Mexico about 2006. His life insurance premiums were coming out of the bank account every month, after he got hacked the account numbers were changed and the premiums weren’t coming out anymore. The life insurance company decided to take the life insurance premiums out of the policy as a loan with an additional 8% interest. Somehow the life insurance loan has snowballed into a debt over $14,000.

    The policy itself is only $10,000 and there’s no way he will ever be able to pay $14,000 off or even a portion of it. He thought the money was coming out monthly and wasn’t notified otherwise until this year -> 2011.

    Any advice would be greatly appreciated.

  139. Cordell February 16, 2014 at 2:41 am Reply

    My grandfather bought me whole life insurance (paid up in full) when I was an infant and then made my father the owner. I am the insured. My father and I are no longer on speaking terms and I want ownership of my life insurance. Because I am 23, shouldn’t the policy have become mine when I became an adult? I mean, it’s not like I ever signed anything when I was a baby. If something were to happen to me, he would be the beneficiary – that’s not something that I want.

    Is there legal precedent for me to regain control? Is there any situation in which I would NEED to be the owner of my life insurance, so that I can tell him that he must transfer ownership to me?
    My grandfather passed away last year so he can’t intercede here unfortunately.
    He did buy it for me, I have a letter that expresses that it was intended for me to own one day. That day is not specified, more general as in “when you get out of college and are ready to start a family”

  140. Wilfred February 19, 2014 at 9:16 am Reply

    Can anyone help me with my homework regarding Life Insurance? these are the following:

    1. Taylor is divorced with two small children. His salary is P100,000 per year, and he has no group life insurance. Should Taylor buy any life insurance? If so, should he buy term or whole life?

    2. Other things than equal, explain how each of the following would likely to affect the growth of a universal life policy’s cash value:
    — The policy holder reduces the annual premium payment by 50% after five years.
    — Market interest rates are stable for five years and then decline sharply and remain at the lower level.
    — Researchers discover a cure for cancer five years after the policy is issued.


  141. Yuko February 21, 2014 at 6:39 pm Reply

    2 or 3 times vitamins is dangerous at any age, especially from tablets. rest of advice ok though.

  142. Cleopatra February 21, 2014 at 9:01 pm Reply

    what do you have to sign in case you die for your kids to go to the person you want them to go to?

  143. Kylee February 21, 2014 at 9:47 pm Reply

    Hi guys,
    My son is just 3 years old, I think he is quite good at drawing and has artistic skills. Maybe he can be a commercial artist or a Interior Designer someday. I was wondering that if I need to secure his education in India, which plan should i go for?
    Can you help me out with a good strategy as to which plan should i go for. Any help would be great. Thanks!

  144. Clotilde February 21, 2014 at 9:48 pm Reply

    Over the years I have tried to convince my mother of the importance of life insurance to cover her final expenses and her outstanding debt. I personally don’t want to get stuck with these later on. I wanted to open a policy that would cover her obligations is this possible or only she can open the policy.

  145. Vernon February 21, 2014 at 9:48 pm Reply

    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?

  146. Antione February 21, 2014 at 9:56 pm Reply

    I called my insurance company today and they only cover 1 ultrasound – I know that is normal for most insurance companies, but I have PCOS and have had very unreliable cycles for the past 3 years and am not sure when I actually conceived. Would that be deemed “medically necessary” to get a second ultrasound? Otherwise I won’t be able to get one until the 20 week anatomy scan.

    Any advice from anyone else who has been there would be greatly appreciated! In my opinion, dating the pregnancy would be a good enough reason to have another one.
    To Tom K – “Your first ultrasound should have determined how far along the fetus is approximately” I haven’t HAD a first ultrasound. That is my point. I have no idea how far along I am because they haven’t done one, and will not do one until I am “20 weeks” – although I don’t know that I will actually be 20 weeks or not because of my PCOS.

    I would prefer if WOMEN that actually can relate to the subject to which I am referring to would answer my question. Thanks so much.

  147. Johnna February 21, 2014 at 9:56 pm Reply

    My friend says it is legal and accepted to be able to take out a life insurance policy on an adult without their knowledge or signature and I say that it is not allowed.

  148. Greta February 21, 2014 at 9:56 pm Reply

    Insurance plays a big role in risk management for a personal financial plan. Outline an insurance plan for various stages of life. Specifically address the following required elements:

    Explain risk management and its importance.
    Identify types of risk and how you can manage them.
    Determine appropriate insurance coverage by investigating options for property and vehicle.
    Determine appropriate insurance coverage by investing options for life, health and disability.
    – Explain tax implications of insurance (i.e. life insurance proceeds, healthcare reimbursement, flexible spending accounts, and disability premiums/proceeds)
    – Explain insurance needs short-term, intermediate-term, and long-term based on the development of your personal financial plan.

    Thank you!

  149. Danna February 21, 2014 at 10:22 pm Reply

    Project question

  150. Elizebeth February 21, 2014 at 10:22 pm Reply

    hello, so i have a girlfriend with a child… im enlisting into the navy.. currently im QNJ(Qualified No Job) so im in the depper program… we are just trying to figure out the who whats whens and wheres when i leave… everyone around us have given her the impression that military life is a nightmare… as a kid i remember being on base wasnt bad… mainly im curious that if we get married will we be able to make it solely on my pay? would she be so miserable that she would possibly leave me? we are aware of the benefits regarding health insurance and BAH housing… but we want to be certain this is the best option for our lives.. currently our financial state wouldnt require much money to stay here in the midwest and live… i scored very high on the asvab and was told if i complete the depper program i could walk out of basic as an E3… any help would be much appreciated… thanks and i apologize for being so long winded

  151. Monte February 21, 2014 at 11:10 pm Reply

    I am single, non-smoker, 25 year old female in reasonablly good health. Non-homeowner & no kids.

    How do you invest through life insurance? Etc…

  152. Lance February 21, 2014 at 11:13 pm Reply

    Can someone point in the direction of finding a universal life insurance policy for a 74 yr female.

  153. Larry February 21, 2014 at 11:19 pm Reply

    This is an article related to Insurance and Its Policies. Suggest two titles for this article.

  154. Graham February 21, 2014 at 11:20 pm Reply

    I am a student in the human services field and I need help with this question ASAP
    is it a social problem

  155. Christian February 21, 2014 at 11:21 pm Reply

    OK, weird situation at hand. Father dies and leaves daughter as beneficiary of life insurance policy. He was legally separated from his wife. They haven’t been together in over 10 years and now she states that everything goes to her because they were married and how much she still loves him etc. The daughter is like that’s fine…I would like to split it 50/50. The mother is like…we’ll see. Is the mother being greedy or is she really entitled to the policy? Marriages and funerals really bring out the best in people..

  156. Dave February 21, 2014 at 11:27 pm Reply

    law of large number

  157. Dakota February 21, 2014 at 11:54 pm Reply

    Hello people, I am about to open my own business which will provide life insurance services too and need your advice in how do i get appointed with companies so i can sell their producs. I don’t want to get appointed with any company and just want to run life insurance from my business and i know for that i need to sign with a company directly. If you had any experience and know the process please advice. And what are the proven marketing sources for life insurance? And how do you approch ur clients so u won’t scare them away? Ur ideas, advices, and opinions will be appreciated. Thanks to all.

  158. Maragret February 22, 2014 at 12:10 am Reply

    Who is the benefactor?

    My best friend died in an accident. He has a $2,000,000 police paid by the company. His parent own the company. They told his wife that she would be brought on at the same salary he was at. She doesn’t work there, but has some legal rights to a patent her husband created and is wholly owned by him in a separate LLC he set up. Her in laws still need to run that side of the business for her for now, but in time she can help take it over. He made around $200K a year. IS THE LIFE INSURANCE HERS OR THE COMPANY? to replace him? SHE has 2 young girls and she’s a nurse making around $30K a year.
    Thanks for the advise, I’m not sure on the details. I was comforted to know she was taken care of, then an employee said that the policy was to replace him, I think he wants the ‘replacement’ to be him. Its too soon for her to start yaking about the money, i’m try to look out for her. sorry for all the soap opera stuff.

  159. Nicolas February 22, 2014 at 12:11 am Reply

    I am looking to buy a life insurance policy. I wanted to know what are the types of life insurance policies available.(I am 28 years old) and what are the parameters that should be considered while choosing one.Thank you.

  160. Nola February 22, 2014 at 2:03 am Reply

    Me and my husband just had a post nuptial agreement. My agreement is everything that he bought life insurance before and after our marriage either accident, term or family plan insurance for me that he is the beneficiary will be voided effective that date and in the future.

    My question is they say some life insurance company depend on State where you at can supersede or override the post nuptial. So if that’s the case the post nuptial that we agreed upon is nothing will be a waste. And if my husband bought insurance like family plan life/accident insurance again without my knowing he can still collect and claim his money if something happen to me. How true is that? Which is more powerful life insurance policy law or post nuptial agreement law. I’m from Michigan

  161. Damien February 22, 2014 at 3:03 am Reply

    Dear Sir, Due to being out of work I am considering canceling a term life insurance policy as well as a disability policy.When I’m working again I can see about replacement policy.Is there usally a penalty for canceling a policy?How would I go about canceling these policies?

  162. Joey February 22, 2014 at 3:04 am Reply

    I know on the news AIG is in real trouble. I wanted to make sure my LIFE insurance policy will be okay if AIG goes down.

    Thanks for your help

  163. Dorie February 22, 2014 at 3:42 am Reply

    I wanted to know more about term life insurance and term insurance policy!!!

  164. Carlton February 22, 2014 at 4:21 am Reply

    My grandma is turning 80 next week and has really been trying to get her affairs in order just in case. Her insurance agent is trying to get her to switch her $5000.00 CD over to a life insurance policy. I’m not sure what the reasonong is for this. We are meeting with him today and I wanted to get some input before then.

    Would this be a good idea for her to do? (she does not anticipate needing this money) What would be the risks of doing so?

    The agent is telling her that if she does this now she will have a cheaper premium than if she waits till next week when she turns 80. It seems to me that he is rushing her into a hasty descision.

    Are rates really that much cheaper for a 79 year old than for an 80 year old?
    She does not have much of an “estate”

    She has this 5000.00 CD and a few thousand in other places and her house. There is not anywhere close to 100,000.00. She does already have a life insurance policy so it seemed fishy to my that this guy is trying to sell her more stuff. I can’t wait to hear what he has to say now!

  165. Hollie February 22, 2014 at 4:22 am Reply

    i need to know the importance of statistics in all aspect , meaning in economic,social, as well as in the local community can benefit from it..

  166. Gayle February 22, 2014 at 4:24 am Reply

    Hello- not trying to sell any policy- juz part of my survey..have you bought any joint life insurance policy- a married couple based policy or even a business partner policy? Plz reply by yes or no..and specify the category…your answer is precious…thanks…..

  167. Kellye February 22, 2014 at 4:35 am Reply

    Like, knowing age structure, life expectancy and fertility rate for a county?

  168. Caren February 22, 2014 at 5:07 am Reply

    i am wanting to cash in a 14year life insurance policy. the amount is $50,000. what is the formula for a cash out, in other words how much will i receive?

  169. Cleveland February 22, 2014 at 5:16 am Reply

    Why would a insurance company who is paying out a death benefit ask for evidence of a divorce or information about past beneficiaries? The person changed beneficiaries 3 times over a 20 year period . What does it matter who the previous beneficiaries were . Life insurance goes to the person named on the policy . What if a person names minors on their life insurance policy what happens ? And also what happens if someone named on a policy can not be located does it pass to the next of kin or does the insurance company keep the money? What happens to the money . Has it ever happened that someone has collected insurance money that was left to someone else . How do the insurance companies verify and check beneficiaries?
    When you file a final tax return do you have to include the amount of life insurance that was paid out since technically the person who died was the owner of the policy which is a asset . I know the beneficary pays no taxes
    You answer is informative and in depth but how can anyone have any claim to a policy once it is changed . example nick puts brother evan as beneficiary . nick remarries and puts new wife rhonda . rhonda and nick divorce . nick changes beneficarie back to evan . later on nick changes again and puts his mother as the only beneficary. so would the insurance contact evan and the ex wife or would it be up to the mother the only beneficiary to prove the rhonda is a ex and evan was removed from the policy . evan was the original and only beneficiary

  170. Towanda February 22, 2014 at 5:16 am Reply

    My dad brought me a life insurance when I was 13.

    From what I have understood, the policy said that my mom and I will receive a total of $100,000 when my dad dies (assuming that my dad dies before my mom). But now, my dad has to pay approximately $4000 annually.

    Now, I’m 18 and I’m a little bit skeptical about the policy.

    I thought that you’ll only get your life insurance money if you’re still paying the money. Does it mean that we will get nothing if my father lives for more than ten years when we finish the payment. In this case, it’s very likely that my dad will live for more than 10 years because he is only 46.

    If we understood the terms correctly, does it mean that my mom and I will receive $100,000 (gross) no matter when my dad dies? Is there such kind of policy from New York Life Insurance Company? I’m worrying about it now because I feel like we have been scammed by the agent.

    Additionally, if there exists such a policy, how does the company even make money off of that? I mean, my parents only have to pay around $40,000+ in total, but how can we get $100,000 when my dad dies?

    Lastly, I also heard that there is a death tax. If the gross amount is $100,000, how much will I actually get after all the deduction?

    I’ll really appreciate it if someone could share their knowledge with me!

  171. Irving February 22, 2014 at 5:48 am Reply

    anything can happen and i dont want to leave family with funeral expenses and stuff.

  172. Lance February 22, 2014 at 5:48 am Reply

    What will happen if you have a Life Insurance and decide to stop to pay it?
    Will you lose all the money that you already paid? Or they will give it back to you?

  173. Marion February 22, 2014 at 5:48 am Reply

    I’m 29 years old and I’m married, we are wanting to buy life insurance but I need the best option for my family.

  174. Kori February 22, 2014 at 6:10 am Reply

    I just got a question about stopping a life insurance policy.

    I own a Universal Life Policy, which now I think is pretty useless and replaced it with a 35-term.
    I putted a stop payment on my policy and decided that I will just let my universal life policy deplete itself. The only concern I have is that, will this affect my credit ratings?

    Thanks a lot

  175. Tessie February 22, 2014 at 6:19 am Reply

    My husband don’t tell me about the Family Plan Life Insurance that he bought with his credit union in which he is an active member. I called the life insurance company Cuna Mutual Group Life Insurance which is under his credit union Michigan First Credit Union to exclude me. They told me that only my husband can stop paying premiums. I know my husband will not stop it. I know the importance of life insurance; but my husband is already obsessed we dont have children together. I asked them if something happen to me my husband will be automatically the beneficiary. I’m not selfish, I don’t agree with this, he bought life insurance for me and he lied to me, I came from other country and don’t know about life insurance. His plan is to collect money from life insurance just in case something happen to me and I know he will be the happiest man in the whole world if something happen to me because he got a lot of family plan life insurance in which eventhough there’s no signature of a wife
    I want to stop and cancel all the life insurance my husband avail from his credit unions. They say only my husband can able to cancel this because he is the one paying it. My question is I found a website; but I dont know if this is applicable to other insurance company at… Could you please help me and look at the form Directions To Personnel Clerks Of The Uniformed Services
    For SGLI Family Coverage Election and Certificate – (TErmination of Family Coverage). Can I use this form. Please help me what will I do to cancel all the family plan life insurance that my husband bought for me without my knowing

  176. Corinna February 22, 2014 at 6:36 am Reply

    Does anyone know of any life insurance policies, either death or critical illness payouts where the monthly premium doesnt increase? With Barclays at the mo, but it looks like it will be going up every policy review because of credit crunch crap going on now. Can anyone recommened any good companies, they have been with? Thanks

  177. Chris February 22, 2014 at 6:49 am Reply

    One company would charge nearly $30 a month, another only $7 and I asked for the same amount of whole life insurance at my current age. What makes the more expensive one better – and is it better if you’re really covering yourself for same basic fees and services. Could someone explain in laymens terms?

  178. Jennifer February 22, 2014 at 6:55 am Reply

    Could anyone, e.g my ex-wife, open an insurance policy for me and make herself the beneficiary without me knowing. If that can be done how can I confirm that there is such a policy?

  179. Mohamed February 22, 2014 at 7:04 am Reply

    How do you locate a missing life insurance policy? Our uncle was keeping my grandmas policy but he recently passed away and we can not locate it.

  180. Alex February 22, 2014 at 7:08 am Reply

    If a beneficiary dies before the insured does the policy get paid to the wife of the beneficiary or beneficiary of the will or is the insurance policy void?

  181. Junita February 22, 2014 at 7:08 am Reply

    Hello !! Michael,
    I am interested in a term life insurance policy for myself and my
    wife. We are 50 and 51 years of age and in overall good health.
    We are both overweight according to Farmers insurance
    guidelines. Everything was fine with regards to our health except
    for their restrictions about the weight issue.

    My question: What are we supposed to do in order to be insured
    with a reputable company ?
    We would be willing to pay a higher premium if necessary.
    Could you Please recommend some insurance companys that
    provide flexibility with regard to weight.

    Your help is appreciated !!!!

  182. Antione February 22, 2014 at 7:35 am Reply

    My mom is very sick with Multiple Sclerosis and she has a lot of bills. Will I be stuck with them? Can i take out a life insurance policy to pay off her debt, funeral expenses, (neither her or I have money), etc? I know it’s a very morbid question, but the truth sucks.

  183. Clotilde February 22, 2014 at 7:35 am Reply

    I am looking for an insurance policy that will pay a monthly sum of money to my wife in the event of my death. does such a policy excist?
    I am starting to think it does’nt.

  184. Kimiko February 22, 2014 at 7:36 am Reply

    that do not require signatures? I know they have them out there that do not require a physical exam.
    Trying to help a friend w/info to keep them out of trouble, see other post of mine
    are there any life insurance policies that do not require signatures?
    And why is it legal to sign someone’s name w/an attorney if the other person isn’t present? That doesn’t make sense

  185. Jayne February 22, 2014 at 7:44 am Reply

    what are the ways to sell life insurance policies

  186. Allen February 22, 2014 at 7:44 am Reply

    Just to make a long story short: I have had a life insurance policy since I was 22. I put in $1200/year. I am now 26. I was talked into getting this policy from someone who I respected but does not now, knowing they did not have my best interests in mind. I do not need life insurance at this moment, although I know there will be a need further down the line when I might have a greater chance of being uninsureable and the premiums will be higher. However, I am rated as preferred so I dont know if that will hold true. Should I surrender this policy? If I do I will have a check for $1331- basically I would lose out in $3469- BUT it might be better to lose that money now than to keep contributing $1200/year while the cash value grows very SLOW and my death benefit is only $176,000 anyways, which is NOT enough anyways… Any advice would be helpful. If I do surrender the policy I plan on opening a ROTH IRA and funding it with $200/month- the 100 from the ins. and 100 more of my money.

  187. Suk February 22, 2014 at 8:52 am Reply

    In what year was the 1st life insurance policy sold in UK

  188. Noble February 23, 2014 at 9:59 am Reply

    What is The Best Life Insurance Policy?
    I am Looking For the Best Life Insurance Policy
    We are having another child and I have to do something about not having any life insurance
    Can I get A free Online Life Insurance Policy Quote somewhere.
    Thanks for your time

  189. Hiram February 24, 2014 at 12:44 am Reply

    We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we’d be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

  190. Charlyn February 25, 2014 at 9:30 am Reply

    I have decided to look into getting a life insurance policy. My boyfriend would be my beneficiary. We aren’t married but have been living together for 6 years. I just want to make sure he will be able to pay off all of our debt house included and have a little extra money in the event of my death. I was looking at an amount anywhere from 200-300k. That would take care of all debt and give him a little extra. My question is will there been a problem getting a policy since we are not married?

  191. Stacey February 25, 2014 at 10:18 am Reply

    Which life Insurance Company is it that has the picture of the baby on it and is mailed and given out as soon as you have a baby (Mothers you know about all of these types of mailings)

    Its been so long for me, I’ve forgotten. But want to buy policy for my grandaughter and newborn grandson for christmas.

    Thanks ahead…

  192. Fabian February 25, 2014 at 11:39 am Reply

    Hi. Right my uncle is having a BIG problem with his life insurance he has a brain tumar and he only found out about id say 6 months ago tops and his life insurance was for a 10 year policy and he now has 4 months left of that so they contacted them and the insurance royal liver are saying because they werent informed 12 months before the policy was going to run out they would not pay them the 200000 that they have but he didnt know 12 months ago he only has days left and I would really like to help.
    could anyone give any advise they have just done a tv interview yesterday but royal liver are still saying no????

  193. Brandon February 25, 2014 at 11:39 am Reply

    when a person dies and they took out a life insurance policy for you and someone lost the policy how can you find out what company the policy came from i do not know what else to do help me.
    the person that died got the policy for his exwife.

  194. Cordell February 25, 2014 at 11:42 am Reply

    My Dad passed away on the 4th of April and we need help finding his life insurance. Any help will be appreciated. Nebraska.

  195. Rhett February 25, 2014 at 12:41 pm Reply

    What is the best life insurance company to go with so that my wife and children will have something in the event of my death?

  196. Bernard March 8, 2014 at 12:58 am Reply

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    6. Why did you want to become an insurance broker?
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    free lessons (video) how insurance works:

  197. Vernita March 12, 2014 at 10:27 am Reply

    There is a life insurance policy that was taken out by my Papa when I was 3. He left half for myself, half for my god brother. He paid the entire amount of life insurance up front and it was a term-life, it is suppose to expire sometime in 2010. He passed away very abruptly in April so he was unable to tell us the details, he mentioned it before to my uncle and a few others but never got into the important details. We haven’t found any papers or anything to this policy so we’re kind of confused. There are several things of importance that are missing actually (he was very, very good at secrecy and not leaving paper trails) anyways we are certain something is out there but we’re at a loss where to look.

    Can someone who knows better help point us in a direction to get this recovered?

  198. Vivian March 17, 2014 at 8:03 am Reply

    I just started in the life insurance business, and have a better understanding of life insurance. I’ve always been told I need life insurance to secure my family’s financial future, and I’ve gotten mine a long time ago. I’m trying to help inform my family, friends, and neighbors of the importance of getting life insurance but I get blown off by pretty much everyone.

    My policy secures my income when I’m gone. Helps with medical bills if I become criticail, chronic, or terminal illness. If I’m healthy I have a tax free retirement plan. My kids tuition, down payment for their house, their retirement, and my future grand childrens financial future are secure.

    I’m going to start offering my service to strangers, see if I have better luck. I really would hate to say, “sucks to be you”, when tragedy hits but it seems that, that is when people will realize they should have gotten a policy, a better one, or atleast let me teach them how to read their policy.

    It really scares me that they are all dependent on their work policy, not realizing that their kids will get kick off of their temporary policy when they hit 21 to 24 years old. Also, that all that money that they have contributed into the policy, most of the time is not even theirs, the company owns it, will all go to waste. It only covers one years income, how is your family suppose to live off of that when you are gone? Plus if you are 25 yrs old, why are you paying the same amount as a 65 or 70 years old.

    Anyone have any suggestions on how to knock some since into these people? I know that people these days live in a fantasy world, but I would really hate it when reality hits them in the head. By then I wouldn’t be able to help them anymore. so sad.

    Please help. I just want to help people, but they see me as someone trying to take their money and run.

    Also, I learned that people don’t know what they have. Majority of the time, they don’t know that their policy ends when they turn 65, 70, or 80. That is when they need it the most, and will be super expensive by then, All their finance will burden their family.

  199. Fidel April 11, 2014 at 7:56 am Reply

    What is the importance of life insurance policy?

  200. Evan April 21, 2014 at 7:49 am Reply

    Hi everyone,

    I am currently in a dilemma with this entire ObamaCare act. I know the basis of it however I am not sure where exactly I fit in this.

    I am 22, non married, I am currently employed full time with a renowned company( they provide us with the option to take their insurance, but that too is another headache…), my parents work outside of the United States and my sister is not working.

    I understand that the OBamaCare act grants that young adults under 26years old under their parents insurance are covered with ObamaCare. This is where the issue comes to the forefront.
    Technically, I am not under my parents insurance because they live an work outside the states, I am 22 and single. What should I do?
    I am rarely ever in the hospital or in need of medical care, keeping in mind that I know The ObamaCare act is set in place to protect us all as Americans for when someone can not afford medical care we will not be severely punished as a result and to also help the economy. Who else is debating enrolling? I am aware of the eminent deadline.

  201. Raymon April 22, 2014 at 3:43 pm Reply

    …to be more specific, if a parent purchased their child a life insurance policy in 1984 and left the 2nd ownership blank because (at the time of its creation and purchase) it would mean the insured would automatically become owner if the original owner passes away, do California probate laws that came into effect (10+ yrs later after the policy purchase) affect it (like if 2nd ownership is left blank, the spouse automatically gets it, not the insured) or are the original standards of the policy’s purchase from 1984 still followed?
    I think I made this question a little confusing. Hopefully someone understands, and can answer. I appreciate your time in reading and more so if you answer!!! <3

  202. Denis May 13, 2014 at 9:19 pm Reply

    I work for a non-profit organization and HR just recently enrolled me in a Accidental death & life insurance policy after almost two years of working there. HR stated that they simply forgot to give me the forms. All my co-workers have it. HR stated that the Accidental death will give my beneficiary 10,000 upon my death on the job, the membership is automatic and the 10,000 is supposed to be given to my beneficiary automatically. Is there a reason that my company waited so long in giving me this???

    What are your thougts?

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