Q&A
Asked by Kathleen
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Gordon is right. If you have more than one term policy, it is a good idea to consolidate term into one policy. There is a "volume discount" or banding at $250k, $5...
Q&A
Asked by Tony
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Tony, If you think that you may ever need life insurance to help provide for our family then getting started sooner rather than later will help to create a lower prem...
Q&A
Asked by John
Answered by Nancy Greenwood, Insurance Agent in Methuen, MA
A life insurance company can cancel your policy for non-payment of the premium or for material misrepresentation. Each life insurance contract will have a provision a...
Q&A
Asked by Katie
Answered by Elizabeth Beagle, Insurance Agent in Burbank, CA
Some agents would state you need 12 to 14 percent of your annual earnings in life insurance. I believe there are more practical ways of determining the right amount of...
Q&A
Asked by Lynn
Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ
Thanks for your question Lynn. While I can't speak specifically to PA, I can say that I'm not aware of a "return of premium" feature for whole life policies. That said...
Q&A
Asked by Michael
Answered by Timothy Peddycoart, Insurance AgentPRO+ in Big Lake, MN
This simple question could lead to a fairly complex answer depending on your needs. As far as the home insurance - you should be fine. To keep it simple, you'll want t...
Q&A
Asked by Joseph
Answered by Nancy Greenwood, Insurance Agent in Methuen, MA
Yes. When your life insurance is part of the employment benefit, the coverage ends when you leave the job. That coverage is part of a group policy and is not an...
Q&A
Asked by Noah Staitman
Here is a super simple way to know how much is the right amount. Look at how much it cost to get your family through the last month of life (shoes/food/insurance/all o...
Q&A
Asked by don meyer
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Life Settlements are considered an alternative to bonds and are less liquid. They have no correlation to interest rates like bonds and generate higher than average re...
Q&A
Asked by Rosemary
Answered by Timothy Peddycoart, Insurance AgentPRO+ in Big Lake, MN
It really depends on what you want the life insurance to do. How much you need and if you can afford the policies. It appears that these are term policies. So, as lon...
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Life Insurance

Life Insurance
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