Q&A
Asked by Daniel
No, that is not how it works, Daniel. In
individual health insurance we find that kind
of thing happening, especially in the
non-guarantee issue days preceding ACA; th...
Q&A
Asked by Zanna
Hello Zana,
Confusing, to say the least,
right? Here is very likely what is happening
when you get two different prices for the same
plan. Elemental to the quoting ...
Q&A
Asked by Angie
Hello Angie,
Try to think of a life
insurance death benefit as a constant. Your
guaranteed-level death benefit 20-year term
plan has a death benefit from the date o...
Q&A
Asked by Meredith L
Hello Meridith,
I would recommend that you,
first, get an update on the policy from the
carrier. With term policies, this is not so
important since what you need to...
Q&A
Asked by Chrisitna
I hear an assumption in the question. It is
that "you don't get anything", and that is an
incorrect assumption. Here is why: term buyers
get the security that comes wi...
Q&A
Asked by Alec
Hello Alec,
Seems that if you have the
money to buy it, why can't you just do it -
right? Here's why; life insurance is,
technically, income replacement. Of course,...
Q&A
Asked by Leslie
Hello Leslie,
Short version: yes, your
policy is still the same.
More detail: when
life insurers stop selling life insurance for
a number of reasons (such as when...
Q&A
Asked by Sarah
Hello Sarah,
One word is helpful here:
marketing. Here is what I mean. It is not a
lie because someone out there can buy that
policy for that price, but you have fo...
Q&A
Asked by an anonymous user
Hello there,
Conversion refers to the act
of changing your term plan into a permanent
plan. When you do this, it will be to your
advantage if you want to extend t...
Q&A
Asked by Chrisitna
Hello Christina,
It is only true in the
sense that life insurers who compete with each
other will monitor and adjust the cost of
coverage periodically to encourage...
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