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Question by Monica Sandler: How do life insurance agencies make their profit? I have a few questions here and thanks in advance.
Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit?
Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with the agents?
I would appreciate if you can throw in some numbers, since i am looking to invest some
Continue reading: How do life insurance agencies make their profit?
Question by traceyrco: What term life insurance companies do not require your dna? I want an insurance company that won’t invade our last bit of privacy – our DNA. Once they have your DNA they can make all kinds of determinations about you, health, personality, all kinds of things. Years ago reasearchers were willing to pay $ 5,000. US Dollars to get you to donate your very private – unique only to you dna to them. Now insurance companies get us to pay them to
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Question by : Should Keep or Look into term Life Insurance Quotes? I have a whole life policy which I have been paying 45.00 per month for 16 yrs. I have to pay this amount until age 99 so they say. The amount it was for when I bought it was 50,000. It builds cash value. I am now 62. Should I keep this policy or look into term insurance?
Best answer:
Answer by Insurance Pickle.comA 20 year term policy at this point is $
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Article by Geoff Morris
Copyright 2006 Geoff Morris
Imagine going through life with no insurance at all’Must be a bit like driving car without a seat belt in place.
For most people, insurance is a necessary aspect of life. It is the safety net that protects you from a crushing fall or an imminent disappointment during hard times.
Nothing is worse than an unforeseen natural or man-made disaster that unfortunately removes earnings capacity or assets from you or your business.
There are many types of
Continue reading: Imagine Life Without Property Insurance? How Would You Sleep at Night
Question by : Is selling life insurance risky? If I am entering the field what are tips for leads and good performance? I am entering an internship with a life insurance company that very well may lead to a job after graduation. I’m concerned about the commission salary and how to attract clients. Any tips? Is selling life insurance a good career to get involved in?
Best answer:
Answer by StephenWeinsteinNo, it is not a good idea. Between 90% and 100% of those who enter
Continue reading: Is selling life insurance risky? If I am entering the field what are tips for leads and good performance?
Question by : What exact is whole life insurance, and how do life insurance companies profit from selling it? Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount
Continue reading: What exact is whole life insurance, and how do life insurance companies profit from selling it?
Article by Denise
Now that you are ready to purchase life insurance, the choice before you is what type of life insurance would best suit your purpose. Life insurance is not a one-size-fits-all product and each one must assess his or her own personal situation to come up with the right coverage and the number of years you would need that coverage. The two broad categories of insurance open to you are permanent or term insurance. Let’s take a look at each one.Term life insuranceThis
Continue reading: What type? Permanent or term life insurance?
Question by ksnake10: How much life insurance coverage should a life-long bachelor w/ no children buy? I will be 33-years old next month. I have no life insurance, no dependents and I do not anticipate ever getting married. How much life insurance coverage do I need to pay for my final burial expenses? Please give me a range. I don’t need an exact figure. Thanks.
Best answer:
Answer by bouchon d’élitejust enough to bury/cremate you
What do you think? Answer below!
Question by bowlinggirl84: life insurance? I would like to get life insurance, I am single, going to be 23 years old, I dont need anything major but i would like enough to pay off all of my bills and student loans, if something should happen. What would you recommend getting. I have done a google search but that just overwhelmed me with all the different places. Any suggested would be useful. Thank You. I guess i should of mentioned that I will have one dependent.
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Question by cindy w: Life insurance? I need to get life insurance but I have heard that you don’t get the policy on yourself but that your spouse is supposed to get one for you…. What is the difference?
Best answer:
Answer by Cross_stitch_your_photoYEs, you can not get one on yourself, that would be legally strange. Have your wife getting one on your name and do tha same for her.
Give your answer to this question below!
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