Answers in Insurance

Insurance is a financial tool that you can use to mitigate risk of damage or loss occurring to a finite resource you possess. Here you can learn more about the different types of insurance and whether or not they would be right for you.
5 votes
Ryan Level 19
I once worked for free too, but got meals and housing in return. Of course, that was when I was 12 years old! In the financial services field, all workers get paid via salary, commission, bonuses, or some combination. These either come from the client ...(more)
1 vote
Ryan Level 19
Robin, I agree with the prior posts that the amount is crucial based on your situation and that in the vast majority of cases, term life insurance will likely be appropriate. Insurance should be used to prevent a financial collapse in the event of a ...(more)
2 votes
Robin, in 95% of the cases, term insurance from a highly rated carrier is appropriate for most people. 20 or 30 year term is often a good choice to start with. Ultimately, the decision must revolve around the questions of what are you trying to protect, ...(more)
3 votes
Hi Robin, Figuring out the right type of life Insurance for you is behind the scope of this platform. An advisor would need to know about your situation and needs. The first critical step, however, is not the type but the amount. Making sure that there ...(more)
2 votes
Barry Rabinowitz Level 19
Hi: it depends. You have to crunch the numbers and assume how long you will live. It is an IRR problem. Compare that with what you might earn from traditional investment. A life insurance agent will always Recommend life insurance as a means of creating ...(more)
3 votes
For starters, you should have enough insurance, preferably term insurance, to pay off the mortgage, pay funeral expenses, and provide a small liquidity cushion. Beyond that you can add amounts for supplementing a retirement nest-egg, or other wants or ...(more)
2 votes
Variable depending upon location, age, type of coverage (HMO, PPO), deductible and many other factors.
5 votes
The amount needed depends on how much you make, how much you need to live on and other factors.. Yes, you should get disability insurance. First place to look is what is offered through your employer. Take advantage of that and elect the maximum coverage ...(more)
2 votes
Do you work for an employer or are you self emplyed?
3 votes
Term life insurance you are just paying for insurance and it is generally the most cost effective. However it only covers you for a finite period of time...the "term." Whole life costs more, will pay a small dividend and if funded correctly will cover ...(more)
18 votes
Ted S. Rich Level 12
The intuitive answer to this question is actually the correct one -- he probably cannot. One of the most important items any client needs to understand fully about any financial product or advice offering is this one -- how EXACTLY does the person offering ...(more)
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