2007-02-22 09:31:49 · 11 answers · asked by emptycamel 1 in Business & Finance ➔ Insurance
Here are the most important two suggestions that I can make:
1. Most importantly you need to determine how much coverage you really need. Sit down with a local advisor to review your financial situation and determine the needed coverage.
2. Work with a local professional. This is not the kind of thing that you just "wing it". The internet is great for research, but you still need a professional to help review everything.
A financial checkup is just as important as a medical checkup.
2007-02-22 15:40:49 · answer #1 · answered by Anonymous · 3⤊ 2⤋
Yes... I'm an agent and I recommend you look into affordable "term" life insurance. Term only pays if you die.
Another plan to check out is Return of Premium Term. It costs more than regular term, but if you keep your policy in-force for the full 15, 20 or 30 year term, the insurance company will refund 100% of all premiums you've paid in. REALLY! Read articles in the search engines to confirm. Good luck to you! Darryl :)
2007-02-22 18:04:37 · answer #2 · answered by Radio 3 · 1⤊ 0⤋
Is hard to give you the right answer, not having the right information. Do you really need life
insurance? How old are you? Do you have a family that depends on you? Do you have any child? Do you have a mortgage?
2007-02-25 14:49:41 · answer #3 · answered by lm050254 5 · 0⤊ 0⤋
True, you can't be advised without a professional, but if you are single with no dependents or debts, why bother. Think carefully about critical illness cover instead.
If you have dependents and or debts, speak to a financial adviser (most banks will offer the service of a tied adviser free of charge). They will assess your situation after completing a factfind and will make a recommendation. If you disagree with the recommendation, you are able to vary it. Make sure whatever policy you go with is affordable to you. If you have to cancel it at any stage, you can't resume the same policy and it gets more expensive to start a new policy the older you get.
2007-02-24 14:20:48 · answer #4 · answered by bubblybassoonist 3 · 0⤊ 1⤋
"Ups!" to Rich and Rob for their answers. A responsible physician would not attempt to diagnose you over the internet; and a professional insurance or financial advisor would not make a detailed diagnosis on the internet.
Like both Rob and Rich indicated, you need to sit with a professional advisor to determine the best course for you.
BTW, Rich ... kewl website!
2007-02-23 01:04:37 · answer #5 · answered by View from a horse 3 · 1⤊ 1⤋
Just like most of the people on here, I can only offer you general advice. You'll get a couple good guidelines at the website below
2007-02-23 02:05:15 · answer #6 · answered by Alex K 2 · 0⤊ 1⤋
I have lots of suggestions, but none of them are good unless they are based on a proper analysis of your situation.
2007-02-22 19:55:15 · answer #7 · answered by Rob D 5 · 1⤊ 1⤋
Life insurance with cash value don't pay out cash value when you die! Sure you get the face amount which gets lowered if you missed your premiums or took any loans out of the cash value. They say its a good way to build savings! How is that so if you lose it all and it doesn't go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams!
2007-02-23 05:17:00 · answer #8 · answered by Anonymous · 1⤊ 5⤋
Unless you plan to go soon you are probably just as well saving up in a building society
2007-02-22 17:59:38 · answer #9 · answered by Anonymous · 0⤊ 3⤋
www.bestdealinsurance.co.uk
www.directline.com/life/welcome.htm
www.moneysupermarket.com/termassurance
www.endsleigh.co.uk
www.legalandgeneral.com
www.norwichunion.com
www.moneynet.co.uk/insurance/life-assurance/index.shtml
www.housemouseuk.com/lifeinsurance.html
www.lifebrokers.co.uk
2007-02-24 19:32:55 · answer #10 · answered by (A.a.K) 4 · 0⤊ 0⤋