November 23rd, 2009
Betty W asked:
She is 90 yrs. old with dementia, however she is physically well. Has an insurance policy with a loan against it. The cash value right now is only worth half due to the loan. It is depleting everyday. It fluctuates based on the market also. Is it wise to surrender it and take a hit by IRS now for 5 years from now you may have a o balance. It seems this policy was not worth anything, only to the agent who made her buy a policy and place a loan against it. I am the only daughter and I want to correct this if possible. But how?
Tags: Dementia, Insurance, Insurance Policy, Irs, Loan Value
Posted in Educated Guess | 1 Comment »
November 23rd, 2009
Shaz asked: I ask because I heard about it on the radio yesterday about the debate that HMO’s are advising Congress that any Health Care reform has to include stiff penalties for people who do not have Health Insurance
How the hell does that work?
Put a gun to my head telling me I have to buy something and then that private company (or govt) tells me they do not cover X,Y or Z!
If they are going to make it mandatory shouldn’t the law require the provider to pay 100% of anything since this is NOT free market anymore but a slave market
Tags: Congress, Health Care Reform, Health Insurance, Private Company, Slave Market
Posted in Other - Politics Government | 4 Comments »
November 22nd, 2009
lionfireinc asked: I found both opportunities at the same time. Both are soley commission based. Both require that I market and sell information to people I know and to people I dont know. Both have unlimited income potential which depends on how much I want to push myself.
I would do both jobs but the insurance company wants my to sign a contract that would make me exclusive to them and I wouldnt be allowed to have a second job. Where the Forex company is okay with me having other jobs, heck I can even work for another Forex company.
Whats great about the Insurance company is that they are one of the best in the United States. They are well know and they have a system in place that makes many of their agents a lot of money every year.
If you respond please include your financial background.
Tags: Financial Background, Forex, Insurance, Job Agent, Unlimited Income Potential
Posted in Financial Services | 3 Comments »
November 21st, 2009
Britton J asked: Here are the points to consider before answering… If there are 47 million or more in this country that don’t have insurance because they don’t make that much money and John McCain is yelling that 40 percent of Americans don’t pay taxes then what are those non tax paying citizens going to do with a $5,000 tax credit. Add to that that the average policy costs $12,000 for a family of five, then the idea that a tax credit is going to get the populous insured is idiocy. Everytime one of the uninsured goes to an emergency room it adds 900.00 to the insured premiums. The reason that the US is a great country is that we helped the poor and disadvataged pull themselves up into the middle class. The progressive tax system helps do this. There are costs for being rich in this country and Progressive taxes has always been one of those costs. It built the infastructure that we all use including , roads, schools, libraries, courts, military, unemployment, SS, Medicare, Now it’s going to cover healthcare. because the Free Market system has not been able to provide our citizens with all they need to survive.
To put it in a more personal format.
My Grand kids will not go another year and have to pay 3700 dollars for 7 stitches in an emergency room. That’s nuts! As a 61 year old vet, that is not what I served for.
Can you explain the McCain Palin plan who are on the taxpayer doll for healthcare?
Tags: 7 Stitches, Idiocy, John Mccain, Palin, T Pay
Posted in Cap | 5 Comments »
November 21st, 2009
Mr. asked: ….no doubt Health Insurance giants have been very profitable for a long time now….
Profit itself is not a bad thing, however GREED IS.
Now what if all of that profit went to Hospitals and doctors instead ?
WHY do we need Insurance companies ?
It seems to be they are the parasite on the entire industry ! ******* all of the revenue out of Health Care in the form of profit.
I’m all for free enterprise, free market capitalism,…but not when it’s at the expense of our country.
Forgive me, I just don’t see why we NEED a middleman to health care in the first place….
Health Care isn’t like, buying a soda….
When you get sick, you either go to the doctor or risk death. It’s not a luxury people can do without.
Tags: Greed, Health Insurance, Hospitals, Insurance Company, No Doubt
Posted in Health Group | 10 Comments »
November 20th, 2009
super_brian07 asked: i need advise from people who’s been in the same situation urgently. i got hit in the rear of my car in November, the insurance company of the girl that hit me recognized responsability- problem is they declared my car a total loss and prefered to pay me what my car’s worth in the market right now instead of fixing it. i took the car to evaluate the damage and it’s almost $7000- and the isnurance co. wants to pay me less than $5000. can you tell them i want my car fixed, not ur -$5000??? thyey also said they might take my car, and give me even less than $5000 if i decide to keep it, which would leave me without a car and with very little money (i’m not gonna find a decent car for the money they’d give me, i like my van so much) i find it kind of unfair to be left without a car for someone else’s irresponsability (after all, she hit ME!)
can you force the insurance company to fix the car??? is it up to them to decide wether to fix it or to pay you what’s worth now???
HELP!
no, i didn’t get hurt in the accident. should i say i did? lol. i hear some people do exagerate a bit, but i don’t think thwy’ll buy it. it was in november 8th.
Tags: Car Worth, Company Car, Decent Car, Insurance Company, Lol
Posted in Insurance Registration | 7 Comments »
November 19th, 2009
teddyboy asked:
With heath insurance running into the thousands per employee. And the fine of $750 per employee per year, if they don’t offer heath coverage. What is the incentive for the employer to offer health care? The employer will be saving thousand of dollars per employee a year. That will make ow er work force cheaper against foreign markets.
Tags: Health Plan, Heath Insurance, Payer Health Care, Private Insurance, Single Payer Health Care
Posted in Government | 3 Comments »
November 19th, 2009
Leanna asked:
Also if you could find my other question or answer it or answer it here since I need an answer to this more, cuz it effects my son, Ok my sister wont help me, so Im turning to you guys, does any of u know the number to call to get my 2 yr old on welfare insurance, his father was reasonally laid off and he need the second half of his flu shot.
Tags: Cuz, Equilibrium, Flu, Flu Shot, Insurance
Posted in Economics | 1 Comment »
November 19th, 2009
Migsoon asked:
My neighbors homes are in stable area:Schools are award winners.The police fire protection rated highest in our midwestern State: Close to outstanding shopping, medical, and transportation. Everyone wants to live here!
So I thought.
These homes are the newest and best, 3-5 years old, and are bargain priced in the 300-500,000. range. Many are telling me that they got into the homes with little down, and flexible/fixed loans which had premiums go up hundreds as the taxes, insurance, and other adjustments to numerous to mention went well above their earning powers, so they are wanting out.
Some are selling off other assets to keep up, others are using credit cards to make ends meet.
Real estate agents tell them the market is slow. Some lower the asking price below what they had to pay for them.
Still no interested buyers.
Foreclosure simply means an empty home bought by a foreign subsidiary.The morgage holder makes $$ but shows a loss, legally!
What’s next?
Tags: Bargain, Foreign Subsidiary, How Many People, Interested Buyers, Stable Area
Posted in Renting Real Estate | 5 Comments »
November 17th, 2009
alicia asked: My husband and I both work; our income split is about 60/40, he being the higher paid.
We will both turn 50 within the next year.
No children living at home.
No substantial debt:
Car loan: $185 monthly
Student loan: $102 monthly
Mortgage: $2,000 monthly
No other debt. We never carry a credit card balance.
We have about 3 months worth of savings in the bank.
Should I base our life insurance on how much we make, how much we have in debt or both? We are living paycheck to paycheck, and if either one of us were to die suddenly, the other would only have a few months to sell the house before we could no longer make the payments. In this market, I don’t think that’s realistic.
I was thinking that we would need enough to pay for a funeral, pay off the smaller two loans, and still have enough to live on for at least a year if the house doesn’t sell. Does that sound right? Or should we not worry about paying off the loans…just calculate enough to replace the other’s income for XX many months? If so, how many months should we plan for?
Finally, at what rate is life insurance taxed? Is it added to your income and then taxed at the rate for your total income for the year? or is there a flat rate tax? (I think I know the answer to this one, but I want to make sure).
http://MayaSoetoro.cn/health-insurance.html
Tags: Credit Card Balance, Flat Rate Tax, Insurance, Life Insurance, Mortgage
Posted in Other - Business Finance | 1 Comment »