Comments on: NBC News – Investing In Life Insurance

By: O.M.A.

O.M.A. — Tue, 28 Oct 2008 18:08:27 +0000

By: petegoyeroslin

petegoyeroslin — Tue, 28 Oct 2008 10:13:44 +0000

y ai guess its a different world, see my doctor drives a cherokee, yer doctor could drive a ferarri, up hear you become a dr, not for the money but to serve your community, you make a very healthy living , but by no means are you rich like american doctors

By: ashok

ashok — Tue, 28 Oct 2008 07:09:00 +0000

buy leads to work for now, and invest time and money into building your own marketing so that you will someday be able to generate your own leads.

By: carie

carie — Tue, 28 Oct 2008 04:32:53 +0000

Basically insurance only works when a large groups of people own that particular insurance. Everyone pays to protect their income, but not everyone is going to use their insurance. So that's how basically insurance companies stay in business, unless something extraordinary has happen in this country where there's lots of people are filing for claims and the insurance company can't pay them all (such as the Hurricane Katrina event).

What is whole life insurance?
1) Its a level term insurance to a specified age (usually to age 95, 98 or 100) plus cash value.
2) It is very expensive when compared to term insurance
3) Cash value grows at a very low rate of return. In the first 10 years, you see a negative return on your money. But long term average is anywhere between 1-4%, depending on the company.
4) If you want to take money out, you have to borrow it and pay loan interest of 5-8%.
5) If you die someday, the insurance company pay the face amount of the policy (minus loans and missed premiums) to the beneficiary, but they keep all the cash value.
6) If you do get to live by the end of policy date (when you around age 100), the insurance company pay you the cash value, but you lose the insurance.

There's only one reason why that agent is trying to sell you whole life insurance: MONEY!
Next thing you'll know, that agent would try to sell you universal life insurance, a product that is more horrible than whole life, but it pays out more commissions.

Go with your instinct and find a different company who would listen to your needs. Try this site

http://free-best-life-insures-comparator-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

By: petegoyeroslin

petegoyeroslin — Mon, 27 Oct 2008 21:57:23 +0000

its a trade off, but that beeing said i can buy a private insurance plan, with DI , and CI and if reduced my tax burned to say 20% id jump at it
the prob. is we have gotten very spoiled when it comes to health care, there is no reason for half the people sitting in the waiting room at the hospital, i took my daughter down there last week, (she is deathly alergic to peanuts) 8 years old, and we had to wait 9 HOURS!!!, shes 9, scared, and there are people with bruizes in line ahead of her

By: petegoyeroslin

petegoyeroslin — Mon, 27 Oct 2008 11:48:58 +0000

what a can of worms lol,,,
well its great theat we dont have to “pay” when we go to the hospital or doctor, but remember that we are taxed around 65% of our total income, so its paid for some how,,,,
that said us health care is much better then ours, but your payin for it, also the best doctors go to the states, as in canada the most a doctor can bill th egovernment is 250k, ..
all in all its pretty good, last year i broke my leg training for a fight, had surgery, a cast, morphine cost was 0

By: mommy-to-be

mommy-to-be — Mon, 27 Oct 2008 03:24:26 +0000

You can buy a separate life insurance policy on your own, in addition to requesting life insurance from your employer, if they offer it.

To get your own life insurance policy you can contact a local life insurance agent, or visit a life insurance quote service to request free life insurance quote comparisons online from several insurers. You can learn about term life insurance at http://www.term-life-online.com

Term life insurance offers you temporary life insurance for 1-30 years. It costs much less than permanent life insurance, because it is temporary, and builds no cash value within the policy.

Many young families choose 10, 20, or 30 year level term life insurance because it offers the most coverage at the lowest cost.

Level term life insurance provides coverage and premiums that remain the same each year for up to 30 years.

If you want, you can request life insurance from your employer, but you may have to pay for it, and if you leave your company, or get laid off, the group term life insurance plan ends. You may be able to convert it to a permanent life insurance plan, but it would cost you a lot more. And, if you waited until later to get your own life insurance policy, you may not be able to qualify for coverage if you develop a health condition.

You may want to consider a term life insurance policy for you and your husband. Imagine what it would cost to replace everything you do for your family, and will be doing for your growing family once you have a child.

Bets of luck to you and your husband. And, Congratulations!!!

By: petegoyeroslin

petegoyeroslin — Sun, 26 Oct 2008 18:01:07 +0000

what bothers me is i pay a tonne of tax , take good care of myself, never go to the doc. (except when i broke my leg) and we have people up hear that go and sit in the emergency room cus there belly hurts or they have gas, or old people cus ther board,,,and the peopple who are really sick have to wait HOURS to get to see a doc…so thers a llot of abuse

By: johnny

johnny — Sun, 26 Oct 2008 16:36:01 +0000

You may want to try a website that compares multiple companies at once to get you the best price. I am paying less than ½ after I did.
http://top-usa-health-insurance-comparator.blogspot.com/

Take care,

Tena

By: astroman30

astroman30 — Sun, 26 Oct 2008 10:29:37 +0000

pete…it happens down here too. We have some people on disability who go to the hospital for silliest thing imagined. It jacks up everyone’s insurance. The sad thing is that the number one cause of bankruptcy in America is medical costs. So I ask you, do you want a system like ours? I’ll gladly trade you.