Term Life Nook-Shops. Com

Saru-kun asked:


Most people with a few nut bag exceptions feel it is okay to use our Government Taxes to pay for Police and Fire but if you mention Universal Health Care for everyone they freak out. Why should this vital life saving service be such a source of division for people?

Everyone will need to go to a Hospital at some point (if not many times) in their life and more and more can’t afford it because premiums are going up faster than salaries are. (This is a fact look it up if you don’t believe me). More people who can’t afford health insurance are going uninsured. They still get sick and they delay going to the hospital until it is life threatening and then go to ER’s because they can’t be turned away. They are then treated which is many times more expensive than if they got preventive help earlier on. The uninsured can’t pay the huge bill so they go bankrupt which strains the hospital which causes costs to go up so more people can’t afford it so more go uninsured…

What is wrong with having everyone required to get Insurance and using tax money for it? This reduces costs in the long term and provides a valuable life saving benefit to many Americans. We want our fellow Americans to live right? Please explain your opinion on this.

p.s. no troll answers please.

Kansieo.com

Jao asked:


Jay, age 27, and Mary, age 25, were recently married. Jay has just become a CPA and is working for TaxFast as a tax preparer and staff accountant. His annual salary and bonus is $50,000. Mary is a high school teacher, earning $35,000 per year. They have recently made an offer, which was accepted, on a home costing $200,000. The couple has obtained a commitment from a lender for a loan of $190,000 on a first mortgage with a fixed rate for 30 years and a second mortgage for the remaining $10,000 which will be repaid in 5 years. The home is new, but the basement is unfinished. Jay and Mary plan to finish the basement over the next 2 or 3 years as time and money allow. Both are very capable of doing the finishing work without hiring outside help. It is anticipated the materials cost will be $20,000, and the value of the home will increase $30,000 when the finishing is completed. The couple plan on having two or three children over the next 10 years. They assume the children will go on to 4 years of college.

Mary owns a 2007 Chevy HHR with a loan of $9,000 and Jay owns a 2006 Saturn with a loan of $5,000. Both have excellent driving records.

Mary’s employer provides a Cafeteria Plan with choices of benefits including life insurance, single health insurance, dental insurance, long term care insurance, long term disability insurance, daycare, and 401K. The employer will pay the cost of any two of the benefits, and if she desires more benefits, can purchase them.

Jay’s employer provides family health insurance, family dental insurance, and 401K. Long term disability insurance and long term care insurance can be purchased.

Other facts to consider:
Student Loans: Jay $25,000, Mary $15,000
Home is not in 100 year flood plain, but area was flooded in severe flood of 1997
Lender does not require flood insurance, but premium would be $300/yr
Rate for H03 homeowner policy $1,260 per year. If replacement cost coverage
on contents is purchased rate is $110 higher, replacement cost coverage
on house would be an additional $200
Rate for liability insurance on autos $240 per year each, $100 deductible
comprehensive and $250 deductible collision $310 per year each; $250
deductible comprehensive and $500 deductible collision $240 per year
each.
Life insurance rates per year(rate same for Jay or Mary) (must add $50 policy discount fee to each policy)
30 year decreasing term $.75 per thousand
20 year level term $1.25 per thousand
Annual renewable term $.60 per thousand
Whole Life $3.10 per thousand
First to die coverage 20 year level term $1.75 per thousand

Jay and Mary are your friends and ask your advice concerning a possible insurance program to protect them. They are dealing with an experienced insurance agent, but would like your input. Consider and discuss the following based on the above facts and your knowledge of insurance and risk management:

1.How should Jay and Mary structure their benefits from their employers?

2.What coverage’s would you recommend for auto insurance?

3.What coverage’s would you recommend for homeowner and flood insurance?

4.Would you recommend life insurance, and if so, explain the type(s) of policies
and amounts you would suggest.

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Amber asked:


1. If you have earned income, which of the following retirement devices must you contribute to, by law?
A. Pension plan
B. IRA
C. Social security (FICA)<<<<<
D. Vesting plan

2. Car insurance that pays for your injuries when you're in an accident in your car is _______.
A. comprehensive
B. liability
C. medical<<<<<<<
D. collision

3. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
A. $3,800.00
B. $4,788.00
C. $5,472.00<<<<<<<
D. $5,928.00

4. Which of the following devices imparts ownership in a corporation?
A. Stock<<<<<<<
B. Bond
C. Savings account
D. U.S. Treasury Bill

5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost?
A. $10,938.00
B. $11,541.28
C. $11,547.00
D. $11,591.28<<<<<<<<

6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
A. $25.00<<<<<<<<
B. $40.00
C. $400.00
D. $250.00

7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income?
A. U.S. Savings Bond
B. Growth fund
C. Money market fund
D. IRA<<<<<<<<<<<

8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
A. You made a profit of $75.00.<<<<<<<<<
B. You suffered a loss of $75.00.
C. You made a profit of $705.00.
D. You suffered a loss of $630.00.

9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
A. Shop around for a car loan.
B. Obtain car insurance.
C. Study the car market.<<<<<<<
D. Test-drive the car.

10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
A. 6 8 + 7 5 - 5 - 6 2 . 5 0
B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =<<<<<<<
C. 6 8 + 7 5 - 6 2 5 0 - 5 =
D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
A. liability
B. collision
C. no-fault<<<<<<<<<<<<
D. medical

12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
A. Life insurance<<<<<<<<<<<
B. Comprehensive car insurance
C. Medical insurance
D. Liability insurance

13. The major difference between a calculator and a computer, when performing calculations, is that a
A. calculator is faster but needs more human assistance.<<<<<<<<<
B. calculator is slower and needs more human assistance.
C. computer is faster but needs more human assistance.
D. computer is slower but needs less human assistance.

14. Your _______ should furnish enough money to live on, in an emergency, for six months.
A. investments
B. savings<<<<<<
C. interest
D. IRA

15. Which of the following best describes term life insurance?
A. The insured is covered during his or her entire lifetime.
B. The insured pays the premium until his or her death.
C. The insured pays a premium for a specified number of years.<<<<<<<<<<
D. The insured can borrow or collect the cash value of the policy.

16. All insurance is based on a principle called
A. premium earnings.
B. investment premiums.
C. division of risk.<<<<<<<<<<
D. cash value coverage.

17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an
A. exclusion.<<<<<<<<<
B. supplement.
C. waiting period.
D. major medical coverage.

18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
A. supplemental
B. liability<<<<<<<<<
C. major medical
D. term

19. A master plan is devised for
A. emergencies.
B. investments.
C. short-term goals.
D. long-range goals.<<<<<<<

20. A _______ is invested by managers in a diversity of stocks, bonds, and othe
20. r securities.
A. series EE bond
B.promissorynote
C.preferred stock
D.mutual fund<<<<<<<<

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Claudio F asked:


“The policy can be converted to a permanent policy. This is available to age 65 or 5 years from issue, whichever is later”.

ps. The policy is a term life insurance that can be converted to a permanent life insurance.

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Mini asked:


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

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laura1fox asked:


life insurance and term life and which is best to get?

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smarler@prodigy.net asked:


I need an insurance company that will do all line of insurance. Life, Auto, Home, Disability, Long Term Care and even Financial products. I heard COUNTRY insurance does that but I’m not sure.

term life insurance

Bruce asked:


My wife and I are looking at getting life insurance. We are 28 and 32 and have two children. Is it better to get term and invest the difference or go whole life with tax deferred interest and dividends? We are looking at the Knights of Columbus for our insurance and they have said they pay 4.75% annually and anywhere from 8-9% on dividends.

I was thinking about going about half term and half paid @ 65 whole life.

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great_and_mighty_adam_levine asked:


I am looking for sources of *REALLY* cheap life insurance. I have to have life insurance for the next six years (declining each year), while I pay off a structured legal settlement.

I don’t care about financial stability of the company or a history of hassling the beneficiaries to collect. I don’t care about guaranteed renewability, as if I’m not insurable, I don’t have to buy the insurance. All I care about is price and that the policy comes with an official receipt that will satisfy their lawyers.

Websites such as INSweb typically only offer 5-year term or longer, and I want cheaper than that.

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Mi$$ Mellisa asked:


Arthur bought a $90,000 life insurance policy at $10.98 for a 20 year term. What will he pay over 20 years for the premium?

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