The Life Insurance Company For all your insurance needs

I’m 49, don’t smoke, 6′ 3" and 210 pounds. high blood pressure wellc ontrolled on medication and no other health problems. Married, professional, no risky behaviors. Parents alive in their late 70s and grandparents all lived to mid 70s to 90s. How much should I expect to pay per thousand of coverage for flat whole life insurance? I don’t want a quote or to send personal info on the net, like web sites want. I just want a ballpark. Anyone out there able to give me an idea, +/- 10% or so. Thanks.

For $100,000 coverage on a whole life policy, that is going to cost you around $2000/year.
If you buy 20 year level term with $100,000 coverage, it will cost you about $750/year. Or if you pay $2000/year, you can get about $1 million in coverage.

In my opinion, any life insurance that builds cash value such as whole life or universal life, are total ripoffs. When you pay your premiums, you pay for two products, but you can only get one back. If you die, the beneficiary gets the death benefit, but the cash value goes to the insurance company. If you live, you can get the cash value by canceling the policy.

They are also very expesinve to have. I don’t know a single person who would want to pay bunch of money for insurance. They want to pay the least possible cost.

The cash value gets a low rate of return between 1 to 4% per year. If you wanted to borrow, you will be charged 8% interest.

Anyway, the choice is yours. Its your money anyway. Personally, I own a 30 year level term insurance and invest $400/month in mutual funds.

My husband and I need life insurance. We are in our early 30’s and we are thinking about the future. I want insurance for the long run. My quote for whole life was almost double the premium for Universal. I have read a lot on here about universal and it’s negative. So I don’t know which one to go for.

Also, was thinking about getting life insurance on my children. I was going to get a 15 pay life policy. I pay very low premiums for 15 years then it is theirs to keep without other payments. Thought it would be a nice gift, any info on that?

Consider these facts:

Whole life insurance has level premiums for life of the policy. The policy expires around the age of 100. Your premiums are basically paid for two things: The cash value and the insurance. In the first 2 years of the policy, no cash value is accumulated. After the first 2 years, it will start accumulating interest (usually around 3%). If someday you wanted to take money out, you will have to borrow it and pay loan interest of 8%. If someday you die, the insurance company pays death benefit to your beneficiary, but they keep the cash value.

Universal life insurance works a little differently. The premiums are flexible. If there’s enough cash value, you will be able to skip paying premiums for awhile. The catch is that the cash value will be used to pay for the premiums. That means you are borrowing money from the cash value without your authorization and you will be charge 8% interest. In universal life insurance, the premiums do not remain level throughout the life of the policy. Every year, the cost of the insurance goes up because the protection element of the policy is always annual renewable term. That means more of your premiums goes to the insurance and less toward the cash value. Eventually all your premiums is paying for the insurance. In the future, you will either have to pay more premiums or the cash value will be used to pay the difference. If you die, depending on what death benefit option (which there are 2 options) you picked at the time of signing the life insurance application, the insurance company may pay both the cash value and death benefit to your beneficiary (which is Option B and cost alot more money), or just the death benefit (option A).

If I was in your position, I would get a 20 or 30 year level term and put my entire family in one life insurance policy. I would put my spouse in it as a spouse rider so that the cost of owning this insurance goes down. If I want to get coverage on my kids, I would add a child rider to it. A child rider covers all children from 4 days old to age 25. While I have this life insurance, I would open a Roth IRA and invest at least $100/month in mutual funds until I retire (the maximum annual contribution you can put into an IRA is $5000/year). I would make sure my spouse would open a Roth IRA too.

If you want to give a nice gift to your kids, you should set up a college savings fund for them. If you live in the United States, there is the state sponsor college plan called 529 plans and then there is federal plan called Coverdell. I think 529 plans are the best choice to fund your kid’s education.

If you do what I would of done, in 30 years, you and your husband will have a nice retirement fund. If both of you invest $100/month (a total of $200/month) and get an average annual return of 8%, in 30 years you two will have a total of $300,059 saved. If your mutual funds get 10% rate of return, together there will be a total of $455,865 saved. 30 years from now, you two will be in your 60’s and your kids will be grown adults. Hopefully all your debts are paid off or nearly paid off.

Now, $455k saved for retirement may seem alot, but 30 years from now, the cost of living will be way more expensive than what it is now. Financial experts say that one person will need at least $500k to eat 3 meals/day by the year 2040. I highly recommend that both of you max out the contributions to all retirement plans (the Roth IRA and any 401(k) at work). If both of you invest $416/month (a total of $832/month), in 30 years with 8% return you two will have $1.2 million saved for retirement. If your mutual fund gets a 10% return, there will be nearly $1.9 million.

In summary, buy a 20 year or 30 year level term insurance. Open a Roth IRA for yourself and another one for your husband (IRA’s can not have joint ownership. That’s why its called Individual Retirement Account). Invest monthly in mutual funds (it is highly recommend that you obtain a prospectus of a particular mutual fund and read it). If you want to save your kid’s education, there are various plans out there that can accomplish that goal.

These are the people you elect into office?

The Web site Talking Points Memo quoted an anonymous witness as saying King told a crowd of activists at the annual Conservative Political Action Conference in Washington, D.C., on Saturday that he could “empathize” with suicide pilot Joe Stack. The site also reported that King encouraged his listeners to “implode” other IRS offices.

A whole lot has bothered me tonight about the Conservative anarchists.

The fact that they try to scare you with death panels when it is doctors only explaining to you what your end of life options are. They can’t pull the plug on anyone, only the insurers do that.

Wellpoint made $2.8 Billion dollars more last year while raising your premiums 56%

They also dropped 2.3 million insured.

Anthony Wiener tried to voice his opinion that the Republican were wholly owned by the insurers and his words were stricken from the minutes.

An infants parents were informed that they would have to be charged for a clef lip operation because it was a "preexisting condition".

Tony Wiener will not be allowed at the Blair House conference tomorrow because he speaks the truth.

He is the only one I’ve seen stand up personally against the GOP and Insurance companies, why should he be exiled?

Although your favorite, Harry Reid said it’s ridiculous that the Republicans are complaining about Reconciliation. When after all it’s been applied 16 out of 22 times by the GOP since 1980. They want to change the rules when they don’t benefit them. Newt is another winner, he just called GW a Socialist by his actions. Republicans say that they are interested in reform but have led the Democrats down one dead alley after another. They are being criminal in their actions.

I could go on and I will in another rant but you have to know that these Republicans ARE owned by big business and care about you just as much.as them. They are so protective of their money they promote terrorism, what is the matter with you people?
God Bless GW? you surely must be a loon.

Yeah, I’ve seen that stupid story and it doesn’t apply to what is happening today. That is the full domination of an entire class by corporate Jackals and the Republicans that work for them.

They are too stupid to realize once they bleed someone to death there is nothing left to gain from them. And that is what they are doing to the entire country, splitting it up amongst the upper 10% while we fight for survival outside their gated communities. Cons are ignorant.
Reason Enforcer, King admitted to it on video on CNN tonight.

I’m sure that’s not credible enough for you though.

Actually i think the Republicans are just attacking the Dems, not our country. In fact, it’s republicans that push for bills that increase defense spending…

Politics is a warzone, fought by ugly yet charismatic individuals. Don’t act too surprised.

Is this what the Republicans have become, are they attacking our country?
These are the people you elect into office?

The Web site Talking Points Memo quoted an anonymous witness as saying King told a crowd of activists at the annual Conservative Political Action Conference in Washington, D.C., on Saturday that he could “empathize” with suicide pilot Joe Stack. The site also reported that King encouraged his listeners to “implode” other IRS offices.

A whole lot has bothered me tonight about the Conservative anarchists.

The fact that they try to scare you with death panels when it is doctors only explaining to you what your end of life options are. They can’t pull the plug on anyone, only the insurers do that.

Wellpoint made $2.8 Billion dollars more last year while raising your premiums 56%

They also dropped 2.3 million insured.

Anthony Wiener tried to voice his opinion that the Republican were wholly owned by the insurers and his words were stricken from the minutes.

An infants parents were informed that they would have to be charged for a clef lip operation because it was a "preexisting condition".

Tony Wiener will not be allowed at the Blair House conference tomorrow because he speaks the truth.

He is the only one I’ve seen stand up personally against the GOP and Insurance companies, why should he be exiled?

Although your favorite, Harry Reid said it’s ridiculous that the Republicans are complaining about Reconciliation. When after all it’s been applied 16 out of 22 times by the GOP since 1980. They want to change the rules when they don’t benefit them. Newt is another winner, he just called GW a Socialist by his actions. Republicans say that they are interested in reform but have led the Democrats down one dead alley after another. They are being criminal in their actions.

I could go on and I will in another rant but you have to know that these Republicans ARE owned by big business and care about you just as much.as them. They are so protective of their money they promote terrorism, what is the matter with you people?
Category
Politics & Government > Government
Hey GOP John, you are a moron and an arwhole, anytime jack.

Without some reference link, your generating more speculation than even opinion. Your question asks about the GOP getting more violent. Answer: NOTHING even close to what the Liberals did.
This link clearly shows that the call to VIOLENCE against Republicans, IS coming from the left.

http://biggovernment.com/ktaylor/2010/02/15/cnn-huffington-post-urge-violence-against-republicans/

As for your rant about the Health Care and provisions, since NO one knows what remains in it or what Obama is proposing, it becomes a moot point of argument. I suppose the "sweet deal" Obama made with the Unions to provide MILLIONS in subsidies so Union members wouldn’t HAVE to pay the HIGHER premiums, escaped your notice.
It’s Obama and the Dems who are BOUGHT and PAID for by the Lobbyists.

I don’t want to speak to fifteen different agents all trying to sell me their policy. I am 61 years old. I want a $10,000 policy that will be in effect at my death, and not end before I do, at a certain pre set age. I’m not sure what this particular coverage is called .If I go online for a quote I end up with a whole bunch of calls and emails. All I want right now is basic knowledge of the different types and coverages available. The cost I will tackle when I know what its called that I am looking for. Any help would be appreciated.

lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.