Posts Tagged ‘Insurance’
Friday, November 27th, 2009
Elsie 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).
Tags: Credit Card Balance, Insurance, Living At Home, Living Paycheck To Paycheck, Mortgage
Posted in Supervision | 3 Comments »
Thursday, November 26th, 2009
♥NICOLE♥ asked:
for getting new business? i work in auto insurance and need to make quota for this month…
Tags: Good Marketing, Insurance, Marketing Ideas, New Business, Quota
Posted in Polls Surveys | 1 Comment »
Monday, 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 »
Sunday, 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 »
Thursday, 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 »
Tuesday, 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 »
Sunday, November 15th, 2009
Old Hippie asked:
I have had a $500,000 home on the market for about one year. No reasonable offers. Can I take out a $500,000, term, insurance policy and make the new buyer the beneficiary? So if I die in the next ten years, the new owners get the home for free. I am 68. Can I do this? Any legal complications??? I welcome any and all thoughts on this. Both my real estate agent and lawyer are queasy about going on with this…..I think it is a great, creative idea! What say you???
Tags: Beneficiary, Insurance, Legal Insurance, Selling Real Estate, Term Insurance
Posted in Renting Real Estate | 4 Comments »
Sunday, November 15th, 2009
E-NOMINE asked: It’s a ridiculous red herring and fails to address the root problem.
Government involvement has increased costs to the point (http://ruwart.com/Healing/chap5.html) that heavy amounts of insurance coverage is viewed as necessary. Remove government control over peaceful, honest, voluntary activities in the medical market place (http://ruwart.com/Healing/chap6.html), and then you won’t need expensive health insurance.
Statists can’t see the forest for the trees.
Lady Snow: You are a victim of this red herring fallacy. I doubt you even read anything I said.
Tags: Address, Forest For The Trees, Forest Trees, Insurance, Insurance Coverage
Posted in Payroll | 5 Comments »
Saturday, November 14th, 2009
The Real Obama asked:
The government has limited competition by not allowing us to cross state lines to buy health insurance. Why can’t they lift this ban and all the free market to take control?
Patriot – I’m not disputing your facts. I’m simply asking why we need a government option to increase competition. I’m not against health insurance reform, I don’t think anyone disagrees with that. But aren’t there ways to do it without bankrupting the country?
Tags: Health Insurance, Health Insurance Reform, Insurance, Limited, Why Do We Need A Government
Posted in Pennsyvania | 21 Comments »
Saturday, November 14th, 2009
seanmcle asked:
Me and my wife are very interested in buying a pre-foreclosed home in NYC sometime in the next year. I just have a few question about how it works when you buy a pre-foreclosure. If the Market value of the house is at $400k and I buy it for 200K do I still pay PMI Insurance considering that I technically already own more than 20% of the home. Also if the previous owner had say $150k of equity do I take over that equity that the previous owner had to say that I could immediately take out a home equity loan if I wanted?
Thanks
Tags: Home Equity Loan, Insurance, Insurance Work, Pmi Insurance, Pre Foreclosure
Posted in Renting Real Estate | 1 Comment »