My husband and I have increased our life insurance appropriately as our family has grown. Our life insurance guy wants to discuss converting some of our term to permanent life. He said at our income level and health we could get permanent life insurance that is tax advantaged and a nice wealth building tool.
I trust this person as much as you can possibly trust someone that makes money off of selling you something. He's a highly rated (and certified) financial advisor and works with higher income earners.
Beyond creating wealth that is passed on is permanent life insurance a tax advantaged wealth building tool that is more valuable than prudent investing? Has anyone else used permanent life insurance as part of their wealth building strategy?
Hello. Getting a life insurance policy has been on the back of my mind lately, because I plan to start a family of my own, and because now both our parents are gone, if something unexpected happens to me,
I plan to do some internet research, maybe find an article on Investopedia, but before I do, I wanted to ask here, as maybe people with firsthand experience can guide me before I possibly mislead myself into a bad policy.
What should I look for in life insurance coverage? Lowest premiums? Highest benefits? Most trustworthiness? And how do you think is best to go about evaluating all of the above?
I'm healthy, and mid-30s, would I get a better policy by proving it? I'm currently unemployed because
Thank you for your time. I'm hoping to learn more so that I can create a financial safety net for my loved ones, and it certainly wouldn't hurt to give myself more peace of mind.
I am new to financial planning and wanted to see what my options were about life insurance. I don’t plan on marriage or having kids, I don’t plan on wanting to leave my family any huge amount of money, and plan on leaving money aside for my funeral when the time comes. I don’t have any huge amount of debt outside of student loans. Would I still need to consider getting life insurance at any point in time? Would it be wise to purchase it at all? What would be the best option for the future going forward for myself?
S2 SPOILERS BELOW
My biggest takeaway from S2 is that the world feels too small.
If we compare to something like early pre-dragon GOT or Mandalorian, it takes days/weeks for characters to get somewhere which makes the consequences more hard hitting/dramatic.
But in Witcher S2 characters are travelling across the continent in a matter of minutes. Yes, there are mages who can spin up portals but Yen doesn't have her magic for half the season and is still everywhere and anywhere. Yen and Geralt were physically separated from eachother but it didn't feel like it, when it's seemingly so easy to stumble into people.
This hurts the world building of the show, it makes everywhere that isn't Kaer Morhen blend into one. Which makes it difficult to then decipher the geography of the show - where exactly is 'the North', where does this start and end? How far is Oxenfurt from Cintra?
In my opinion, the show could slow down and better explain all of this through more exploratory scenes and dialogue rather than racing through plot exposition.
Hi everyone, I have joined this subreddit in 2020 with attempts to learn things about saving/investing/ etc. I have learned so much from this subreddit so thank you. I have a financial advisor who is managing my TSFA investments, aiming for a down-payment. She recently introduced an idea of "20yr. Paid-up whole life permanent insurance with dividends" as a tool for a pension, overall investment, and of course, life insurance. With my age, I will finish paying my premium at 43, with a $100,000 base coverage. Is this a decent idea? Aiming to use for investing/paying off things. Is there an option to cash out/would I want to?
I am not financially knowledgeable as I work in healthcare. Can someone help me understand if this is a good investment or not? I come from a family that is not knowledgable in investments whatsoever-hence my guidance from my advisor.
Thank you in advance.
Does anyone have experience with life insurance MPI (maximum premium index) for building retirement income?
Its for a relative. she is 60, showing signs of potential cognitive decline. She is planning to put away about $300-400k into the policy immediately and continue to contribute about $250-300 a month to the account. The agent state that the account is estimating about 6.5% - 7% return yearly. So after 10 years when she is 70, the account will generate sufficient amount of income to provide her around $80k a year, for assisted living.
I am single, mid 30s with no debt and no assets. My work does give 40k life insurance, but I was looking into a separate term life insurance recently and was wondering if it is good to have one. I did some calculations and i dont save that much if i start a policy later since life insurance goes up with age.
If I get life insurance now, I'll pay around 13k for 30 years ($433/year). if i wait 3 years from now, ill pay around 14.5k for 30 years ($483/year). if i wait 5 years from now, ill pay around 16k for 30 years ($533/year)
I do want to get married in the next 5 years and want to lock in the best price when im young. Also looking to buy a house in the next 2 years. I was looking into a 30 year policy.
Also, is it good to have disability insurance?
Looking to buy a house. As title, I've heard you have to get both of these cover. Is it a condition on the mortgage?
When I was a little kid my mom, who has never known much about finances, invested in a term life insurance policy, thinking I could borrow against it for college.
I never used it, never even knew it had a cash value until today. She didn't either. The policy is for about $25,000, plus about $2,300 in cash value. It costs $120 per quarter to continue the policy.
I have a decent salary and phenomenal insurance from work, which includes a very generous life insurance policy. I have about $10K in student loans and about $4K on a 0 interest loan on a mountain bike. That's all my debt--aside from my mortgage.
What's the smart play with this thing? I'm thinking about cashing it out to pay off some debt. Is that a smart play? By now you've probably figured out I don't know much about life insurance.
Edit: cost of plan
There it is the word "Sell-off"!
Then will come the comments "Sell Off Deepens"!
The market is set for more than 10% "correction" to the benefit of Gold and Silver! but that correction can easily get out of hands given the REAL dangers the markets are facing now.
Today Options expire on many fronts too so even if they manage to control any correction/crash it may only be temporary.
Volatility day for sure.
"Germany's coronavirus situation is so grave that a lockdown, including people who have been vaccinated, cannot be ruled out, the health minister said on Friday, as Austria said it would go back into full lockdown from Monday". -Reuters
