| Subject | Date Asked |
|
| do I have to give my benefits to the trust? | 11/18/2009 |
Q: My mom died 7 months ago. She changed her life insurance policy three years ago and named me the ...
A: Cheryl, I'm not an attorney, so I definitely recommend that you meet with an estate and probate ...
|
| LIFE INSURANCE TESTING ONLINE | 10/29/2009 |
Q: I WOULD LIKE TO KNOW IF THERE ARE ANY ONLINE TEST YOU CAN TAKE TO GET YOUR LIFE INSURANCE? WITHOUT ...
A: Janet, Unfortunately, I'm not aware of the specific laws for a resident in the State of Alabama. ...
|
| policy | 10/16/2009 |
Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ...
A: Jackson, An advanced premium deposit fund is basically a deposit into the company's low-interest, ...
|
| Differences between an IUL and a UL | 9/30/2009 |
Q: Leboyd, After reading some of your answers, I am quite impressed with your knowledge. I have a ...
A: The only product with the guarantees that you want is WL. UL and IUL have flexible premiums and ...
|
| Differences between an IUL and a UL | 9/30/2009 |
Q: Leboyd, After reading some of your answers, I am quite impressed with your knowledge. I have a ...
A: Anthony, Thank you for your complement. Why, lots of questions there :) Let's start with some of ...
|
| change of beneficiary in california | 9/11/2009 |
Q: My brother recently passed away. His wife is contesting the life insurance policy. About two years ...
A: David, Sorry to hear about your loss. Unfortunately, this is more of a legal question than a life ...
|
| Life Insurance Policy | 9/9/2009 |
Q: My Father passed 2 years ago. He told me approx 2 years prior to his death that he had taken an ...
A: Paul, I would call the "Death Claim department" at the insurance company, give the policy number ...
|
| Long term care | 8/13/2009 |
Q: Given the following scenario, would you advise the purchase of long term care insurance? Husband ...
A: Dave, As with most insurance questions like this, the answer is not too cut-and-dried. For ...
|
| term vs universal | 8/13/2009 |
Q: You wrote the following response to Bryan some time back and I found it very insightful. Now, could ...
A: Alan, It is definitely different for 55 year olds, than for 30 year olds. The two primary ...
|
| life insurance beneficiary | 8/6/2009 |
Q: A year ago I rescued my neglected father from Arizona and brought him to Ca. My mother (his wife) ...
A: Gail, I'm sorry to hear about your loss and situation. Death certificates generally are public ...
|
| beneficiary | 8/1/2009 |
Q: as a beneficiary to my brothers life insurance policy and he dies do I pay any of his bills he ...
A: Doris, Technically, you are not responsible for any unpaid loans that were taken in your brother's ...
|
| whole life policy | 7/29/2009 |
Q: my father bought a whole life policy in 1985 what it be worth now? thank you very much Allan
A: Allan, Unfortunately, there is no way for me to answer that question. There are two values with a ...
|
| WHOLE LIFE POLICY | 7/19/2009 |
Q: IM NOT LOOKING FOR EXACT AMOUNT OF COURSE,BUT LET SAY MY MOTHER PASSED AWAY IN 2008,AND I JUST ...
A: Anthony, There are a number of variables that go into account on a situation like this. The policy ...
|
| How much is enough? | 7/10/2009 |
Q: My wife and I are both 59. We have two boys, one age 27 and employed, the other 24 and about to ...
A: Jim, The details you provide are very good. However, I do have a question. Your agent recommends a ...
|
| Cash Value Protection | 6/27/2009 |
Q: I am very interested in the concept of taking home equity to buy an EIUL. My concern is if the ...
A: Darren, Doug Andrews concept of using the equity in your home to invest and to make more money on ...
|
| Cash Value Protection | 6/26/2009 |
Q: I am very interested in the concept of taking home equity to buy an EIUL. My concern is if the ...
A: Darren, I am unaware of anyone who has actually lost any death benefit or cash value because of a ...
|
| Temporary Producer Licence | 6/23/2009 |
Q: If something were to happen to my husband ,who is a producer, how would I get a temporary licence ?
A: Angelina, This is very specific to each state, as many states are different. I recommend that you ...
|
| Redemption of life insurance policy | 4/14/2009 |
Q: Is the surrender of a life insurance policy in exchange for the cash surrender value a capital asset ...
A: Eric, No, not really. If you surrender a policy and the cash value is greater than the total ...
|
| Retirement savings & Life Insurance combined | 3/31/2009 |
Q: I am 29 years old and bought a combined Life insurance & savings (retirement plan)this week. I was ...
A: Jasmine, An IUL is some kind of a "universal life" insurance policy. It is a life insurance policy ...
|
| Life insurance | 3/30/2009 |
Q: My grandmother is paying a life insurance for over 22 years. Recently the payment almost doubled. I ...
A: Mirela, Since I can't see the policy it is possible that it is a Universal Life policy instead of a ...
|
| Life insurance | 3/29/2009 |
Q: My grandmother is paying a life insurance for over 22 years. Recently the payment almost doubled. I ...
A: Mirela, This sounds like it was a "20 Year Term" policy. This means the premiums (payments) were ...
|
| Recession and Health Industry | 3/26/2009 |
Q: my name is Baris. Would you please tell me about the problems that health industry faces because of ...
A: Baris, Of course the first problem with reducing the price is that you still have to make a profit ...
|
| Recession and Health Industry | 3/25/2009 |
Q: my name is Baris. Would you please tell me about the problems that health industry faces because of ...
A: Baris, Since I'm in the US it might be quite different than in Taiwan. In an economic crisis the ...
|
| Life Insurance | 3/21/2009 |
Q: I am a healthy 64 yr. old male. I have good blood pressure, colestral, weight 163 lbs and at the ...
A: Bob, Your mother's death due to rheumatic fever should not be an issue. They won't even ask about ...
|
| has life insurance paid | 3/14/2009 |
Q: My brother recently died of lung disease. My sister was listed as the beneficiary on his $10,000 ...
A: Nancy, Sorry to hear about your loss. Many life insurance policies have a 2 year contestability ...
|
| Nonprofit - donations - paying for medical bills? | 3/6/2009 |
Q: My nephew was just diagnosed with a genetic/incurable disease and we are trying to raise money or ...
A: Bonnie, This isn't exactly a Life Insurance question :) Sorry to hear about your nephew. There ...
|
| Life insurance for terminally ill | 3/1/2009 |
Q: My sister in law has two kids and her ex husband is dying of lung cancer. She had a life insurance ...
A: Kendahl, Sorry to hear about your situation. If "several months ago" was more than 2 months, it's ...
|
| life insurance policy | 2/10/2009 |
Q: My question is... My mother in law had an insurance policy that she paid into for her whole career. ...
A: Amy, Unfortunately, there may not be much that can be done. If it was a group term policy, then if ...
|
| life insurance | 2/8/2009 |
Q: I am 58, a non-smoker, I weigh 250 lbs. and am 6 feet tall. My wife is 57, a non-smoker and in good ...
A: James, I'm not a big ban of "return of premium" policies because mathematically, it is typically ...
|
| Taxation on Transfer / Surrender of a Single Premium Whole Life Policy issued in August 1987 | 1/29/2009 |
Q: Good Morning, I sincerely appreciate you taking the time to possibly address a complicated ...
A: Brett, I could go into all the details, but I'm guessing this is a small policy with less than $10k ...
|
| old policy | 1/26/2009 |
Q: I found an old life insurance policy my parents took out on me in 1955. Is it still good? Can I cash ...
A: Vivian, First, I can't tell you whether the policy is still in force or not. If it is, then you ...
|
| health insurance | 1/4/2009 |
Q: we live in florida and have our own business. my husband and i both work there but missed an open ...
A: Marion, I'm sorry to hear about your situation. Unfortunately, insurance is expensive when you ...
|
| low carb diet | 12/21/2008 |
Q: My husband was fought obesity all his life. We got a life insurance policy a few years ago while he ...
A: Joanne, The insurance company is not so concerned about the diet, but they are concerned about ...
|
| Beneficiary - Employer Group Life Insurance | 12/10/2008 |
Q: I am in California. My husband passed away last month. He had Group Term Life Insurance through ...
A: Pina, I don't know the laws specific to California in regards to group life insurance. I do know ...
|
| Whole life insurance | 11/11/2008 |
Q: I currently have a term life insurance policy and am considering converting it to a whole life ...
A: Jess, It's difficult to answer the question without a lot of additional information. However, ...
|
| My Gmas investment... | 11/5/2008 |
Q: HOW DOES MY MOM CLAIM MY GRANDMAS LIFE INSURANCE? My Grandma Dorothy had invested in a life ...
A: Stephanie, The first question I have is, "When you say 'invested' it sounds like you are referring ...
|
| CANT AFFORD TO PAY FATHER POLICEY | 10/22/2008 |
Q: My dad has been paying for 4 of his kids whose age is 27-30 years of age an his grandkids life ...
A: Tina, Because your dad is the policy owner, he will have to do everything. The one exception is if ...
|
| CANCER SURVIVOR AND LIFE INSURANCE | 10/20/2008 |
Q: I am 49 years old and approx 2 years ago I was diagnosed with kidney cancer and had surgery to ...
A: Gordon, The policy with your old job is probably a "group" policy and is not transferrable. If you ...
|
| universal ife | 10/20/2008 |
Q: i currently have a 3,025,400 dollar face amount of variable life with axa...i am 57 years of age the ...
A: Robert, The question of whether the premiums will increase is based on the cash value. If you ...
|
| Life Insurance after the age of 60+ | 10/17/2008 |
Q: my question is my father is 62yrs and does not have any life insurance. I am looking into several ...
A: Nathalie, The best way to choose is to visit with an experience agent that you trust. Aside from ...
|
| life insurance payout | 10/14/2008 |
Q: I actually have three questions. Let me explain my situation. My mother in law had a 20,000.00 life ...
A: Carter, The check book is like a regular bank check book and is the standard method used to pay out ...
|
| life insurance payout | 10/10/2008 |
Q: I actually have three questions. Let me explain my situation. My mother in law had a 20,000.00 life ...
A: Carter, My first recommendation is to talk to HR people at your mother-in-law's company in regards ...
|
| Life Insurance and Funeral Payment | 9/23/2008 |
Q: Can a funeral home demand payment, from a life insurance beneficiary, for the deceased's funeral ...
A: Jill, The LI company must pay the beneficiary directly, and has nothing to do with any other ...
|
| insurance policies | 9/23/2008 |
Q: i'm an student of mba. i want to know that are there any non-life insurance policies ...
A: Ekta, I will be happy to answer your question, but I'm not sure I understand it. A life insurance ...
|
| Universal vs Term life | 8/21/2008 |
Q: My wife and I just bought a Universal life insurance policy. We each have $100,000 in coverage. ...
A: Bryan, You don't mention your age, but I'm guessing it's around 30. The short answer of the ...
|
| Life Insurance | 8/11/2008 |
Q: What is the difference between Guaranteed Cash Value and (Net) cash value of my life insurance ...
A: Patti, "Guaranteed Cash Value" is the cash value you will have, guaranteed, at the specific time in ...
|
| Life Insurance | 8/8/2008 |
Q: My father in law recently passed away. He told my husband and his other children that they were all ...
A: Jennine, For the life insurance policy, a claim to the insurance company must be completed. This ...
|
| LIFE INSURANCE | 8/5/2008 |
Q: 000 cash value I was told i could get a loan pay it Or if close it the cash value i would be taxed ...
A: Carolyn, What company is it? I've never heard of a 5/10 rule and I did a quick check to see if I ...
|
| LIFE INSURANCE | 8/5/2008 |
Q: 000 cash value I was told i could get a loan pay it Or if close it the cash value i would be taxed ...
A: Carolyn, I expect that if you only have $2,000 cash value, you will not have to pay taxes. Here's ...
|
| Life Insurance Questions | 7/23/2008 |
Q: I'm curious as to how life insurance companies investigate FAMILY health history when doing a life ...
A: Sue, Life insurance companies don't actually investigate family health history, other than asking ...
|
| insurance | 7/13/2008 |
Q: i have always had life insurance, but have been unclear as to how they work. If for instance i ...
A: Mike, The general idea is that if the policy is still "enforce" (insurance term that means "active" ...
|
| Life Insurance Policy | 7/10/2008 |
Q: I took out a life insurance policy with AAA three years ago, It was a much higher premium than they ...
A: Patty, I've never heard of an insurance company not telling you why they lowered your rating, which ...
|
| Life Insurance Claim Delay | 7/7/2008 |
Q: I opened a life insurance policy on my mother after finding out that she did not have any life ...
A: Tina, First, sorry about your loss. You need to be very careful as you proceed. During the first ...
|
| old life insurance policy | 7/2/2008 |
Q: My parents took out a life insurance policy on me somewhere between 1956-1965. I no longer have the ...
A: Kathleen, Go to http://www.mib.com/html/lost-life-insurance.html. I think it costs about $75 to ...
|
| What life insurance company is best for me? | 6/23/2008 |
Q: I'm looking to purchase a life insurance policy and I'm clueless as to what company I should go to. ...
A: Martha, Whole life is the "best", like a Lexus is the "best" car. It is great, what everyone wants ...
|
| Life insurance beneficiary | 6/16/2008 |
Q: My husband and i were married ten years and were divorced amicably in March 2007. He was running in ...
A: Cheryl, Your best bet is to contact a life insurance trained attorney. However, as non-legal ...
|
| transfer for value? | 6/11/2008 |
Q: how can i get the cash value from 2 existing second to die policies into a new second to die policy, ...
A: Brian, That's a deep question. It depends on your state and how they handle ILITs, as well as the ...
|
| executor and beneficiary are the same. | 6/10/2008 |
Q: Can an estate executor be named sold beneficiary on a life insurance policy where it is believed ...
A: Theus, No. The beneficiary receives the death benefit personally, not as an estate asset. ...
|
| Spousal Consent? | 5/22/2008 |
Q: Can a person take out a life insurance policy out on a spouse without their permission? My sister's ...
A: Bethany, It's not a spousal consent issue, but an "insured" issue. No one can take a policy out on ...
|
| Divorce&Life Insurance | 5/18/2008 |
Q: Recently my Ex-Husband passed away. Unknown to me, he never changed the life insurance policy we ...
A: Lynn, I'm not sure about the state of Pennsylvania, but in many states a divorce stops all ties ...
|
| Life Insurance of deceased relative | 5/12/2008 |
Q: Greetings, I have just lost an uncle that was a military veteran. He was residing in a nursing home ...
A: Quintin, If you go to www.mib.com and click on "consumer" you will find a method for finding lost ...
|
| Help with 2 questions | 5/11/2008 |
Q: I am a 32 year old male with good health. I have a wife 36 and 3 young children. I am looking to ...
A: John, If you're in good health, you're probably looking at about $75/month. $1,000,000 is about ...
|
| Insurance Policy owner passed away | 4/30/2008 |
Q: My sister just passed away and I found a life insurance policy she brought for mom. My sister is ...
A: Cam, First, as long as the premiums are being paid or the cash value of the policy covers the ...
|
| life insurance | 4/4/2008 |
Q: my aunt recently past. Her policy was 23 1/2 months old. The insurance company is contesting the ...
A: Monica, Sorry for the delay in responding. The best thing to do is to gather all of the ...
|
| ssd and life insurance | 2/26/2008 |
Q: i am collecting ssd and am 36yrs old. my husband and i both have $100,000 WHOLE LIFE INSURANCE. my ...
A: Tia, Oh no, that's yours. It is a benefit you receive from the US Gov. as long as you are ...
|
| ssd and life insurance | 2/22/2008 |
Q: i am collecting ssd and am 36yrs old. my husband and i both have $100,000 WHOLE LIFE INSURANCE. my ...
A: Tia, Regardless of whether your husband passes away, you should continue to receive SSD. Yes, the ...
|
| Life Insurance Beneficiary in California | 2/15/2008 |
Q: Is it true that you must put your spouse as beneficiary on your life insurance in state of ...
A: Rita, The specific difference is that this policy is provided by the company and most states have ...
|
| Hold or sell whole life policy? | 1/21/2008 |
Q: Prudential Whole life started 1965 - $10k - $20k accidental. Many years ago, salesman talked me ...
A: Jack, Actually, your current death benefit (based on how I read your initial question) is ...
|
| Hold or sell whole life policy? | 1/20/2008 |
Q: Prudential Whole life started 1965 - $10k - $20k accidental. Many years ago, salesman talked me ...
A: You probably were not snookered by the salesman. Prudential folks were generally very reputable and ...
|
| Insurance Benificiary vs Estate Executor | 1/3/2008 |
Q: Can an estate executor have any claims to a sole benefiaries payout on a life insurance policy? The ...
A: Christie, All items that have a beneficiary must be paid to that beneficiary. For example, in ...
|
| Trouble Obtaining a Death Certificate | 12/13/2007 |
Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ...
A: Tina, As in most states, New York (or the city of Buffalo) will provide a death certificate to ...
|
| Trouble Obtaining a Death Certificate | 12/13/2007 |
Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ...
A: Tina, I am not sure if I understand the question properly. The death certificate is provided by a ...
|
| life/healt insurance | 12/1/2007 |
Q: Recently I was offered an insurance product. It was unit-linked type where it's investment and at ...
A: Henry, Unfortunately, no one can answer your question without sitting down with you. There are ...
|
| Life Insurance | 11/14/2007 |
Q: Both of my parents are over age 70.They are divorced and both live in South Carolina. I recently ...
A: Jean, It would probably be expensive to purchase life insurance on them at this age, and it is ...
|
| COBRA INSURANCE | 11/6/2007 |
Q: Greetings. My wife is pregnent now. She is due for delivery in April 2008. I am changing my ...
A: Kish, Please accept my humblest apology for not responding more quickly. For some reason, I did ...
|
| COBRA INSURANCE | 11/6/2007 |
Q: Greetings. My wife is pregnent now. She is due for delivery in April 2008. I am changing my ...
A: Kish, COBRA is generally only used when you lose your job and have no other option for insurance. ...
|
| life insurance | 10/4/2007 |
Q: 2 people own a business together and have life insurance policies where the other is the ...
A: Brian, (I am assuming these are permanent policies with cash value above the paid in premiums.) ...
|
| unwanted life insurance | 10/1/2007 |
Q: My father, who I do not have a relationship with and hate, claims he has a whole life policy on me ...
A: Generally, there is nothing you can do. While I'm not aware of the specifics of Canadian law, they ...
|
| Getting Out of the Military--- How do I get insurance? | 10/1/2007 |
Q: I am planning on getting out of the military after 7 years next year. I just got married and I have ...
A: Obtaining life or medical insurance is very easy. First, generally, if you begin working for a ...
|
| unwanted life insurance | 9/30/2007 |
Q: My father, who I do not have a relationship with and hate, claims he has a whole life policy on me ...
A: Tera, Unfortunately, there is no way for you to do anything about the existing policy. However, I ...
|
| LIFE INSURANCE | 9/1/2007 |
Q: I'M 27 YEARS MALE PERFECT HEALTH NON SMOKER I LIKE TO BUY LIFE INSURANCE BUT I DON'T KNOW WERE AND ...
A: Enes, While I do not agree with much that Suzie Orman says, Select Quote is probably a good place ...
|
| Life Insc. | 8/30/2007 |
Q: When a person dies, does their life insurance proceeds go directly to the beneficiary or is it ...
A: Charles, "yes". :) Under a non-estate tax planned death, the proceeds will go directly to the ...
|
| term lfie insurance and estate planning | 8/24/2007 |
Q: Can term life insurance be used in place of long term care insurance? For instance, lets say a ...
A: John, Generally, you would not use term life insurance as a replacement for LTCi. Here's why: ...
|
| My mothers life insurance | 7/20/2007 |
Q: My mom told me that my sister & brother took out a life insurance policy on her without her ...
A: I'm sorry to hear about your mother. She may have misunderstood what your sister and brother were ...
|
| Life Insurance Policy | 7/6/2007 |
Q: Leboyd: Me and a close friend of mine were going to open up our own engineering company. Due to the ...
A: Robert, I'm very sorry to here about your partner. When a life insurance policy is written, and ...
|
| Globe Life Insurance | 6/29/2007 |
Q: My father has a policy on me from 1984 til current 2007. The company told him that at the age of 25 ...
A: Unfortunately, the name of the policy is not necessarily a good indicator of how well it will ...
|
| Globe Life Insurance | 6/28/2007 |
Q: My father has a policy on me from 1984 til current 2007. The company told him that at the age of 25 ...
A: Jemita, Without looking at the policy, it is difficult to say whether there is cash value or not. ...
|
| Lower premiums-higher deductible long-term policy? | 4/26/2007 |
Q: Are there long-term (nursing home) policies that have deductibles? If my wife or I needed long-term ...
A: Steve, I don't know your age, but the $50,000 that you have set aside for care would typically buy ...
|
| Life Insurance | 3/23/2007 |
Q: I have surrendered a life insurance policy with cash value of approx 20,000.00 It has been three ...
A: Pat, Generally, each state will have it's own laws, if any. The first thing I would recommend is ...
|
| Father-in-law's death | 3/19/2007 |
Q: Yesterday my father-in-law passed away. He was a truck driver and he was in Salt Lake City, Utah. ...
A: Laura, Sorry about the passing of your father-in-law. Unfortunately, trying to find out about life ...
|
| drawing down cash value of Universal Life | 3/11/2007 |
Q: My folks have a universal life insurance policy on my 82 year old grandma. The current cash value ...
A: Riley, First, let me apologize for being late in responding. For some reason the message went to ...
|
| Life Insurance | 2/5/2007 |
Q: The owner/beneficiary(aunt)lives in Oregon. The insured (nephew)lives across the river in ...
A: Dale, The best thing to do is to get with an experienced life insurance person in Oregon. I know ...
|
| Life Insurance | 2/5/2007 |
Q: So how does the insured claim the ownership of the policy if it (with a large cash value) is left in ...
A: Dale, As a follow up to your closing remarks, you might be pleasantly surprised about what an agent ...
|
| Life Insurance | 2/4/2007 |
Q: If the owner/beneficiary of a life policy dies, what does the insured need to do to claim the ...
A: This question is more complicated than you might initial think. If I assume that the policy is a ...
|
| Life Insurance Policy on my elderly Mother | 1/21/2007 |
Q: My Father passed away 30 years ago. He was very wise in setting up finances to care for my now ...
A: The first place I would start is the the consumer help 800 number with your state. Some states can ...
|
