Is American Equity Life Insurance Company A Company Which Can Be Trusted?
Posted July 13, 2010 – 10:18 am in: structured settlements FAQAmerican Equity sells fixed annuities, Have they ever defaulted on paying there customers there monthly payments on fixed annuities or any other investment?
1 Comment | Tags: American, Company, Equity, Insurance, Life, Trusted, WhichHow Soon Would You Be Able To Take Out Money Against Your Life Insurance Policy?
Posted July 13, 2010 – 4:32 am in: structured settlements FAQPeople are under the mistaken impression, that if they buy a $1,000,000 life insurance policy, they can borrow against the DEATH benefit. This is NOT how it works.
Part of what you pay in, a small part usually, goes into a cash account. You can borrow up to 90% of the cash account amount.
So. You pay in $1,000, you have $100 in your cash account, you can borrow $90. Next year, you pay in $1,000, you have $200 in your cash account, you can borrow $180.
You can’t ever borrow more than the cash account value, which is usually a small amount of what you paid in.
Which Insurance Plan Shall I Go Far, Endowment Or Money Back Or Whole Life Or Term. I Am A Bachelour Earning 1?
Posted July 13, 2010 – 4:32 am in: term life insuranceI am not sure why you need insurance unless you have dependents. In any case, there is no reason to go for endowment,moneyback insurances unless they are ULIP based. Classic(non-ULIP) endowment etc plans give you a return of 3-5%. Do you really think it is wise to invest for 3-5% return? Put your money in MFs(thru SIP), invest in PPF(for safe investment). In PPF you get 8% returns(tax free). You decide – 8% or 5%. If you need protection(if you have dependents), buy a pure term plan. I will put it in simple words -
If you buy term plan, it serves you.
If you buy any other insurance(classic endowment, moneyback etc), it serves the insurance company. That’s why LIC (& others) don’t advertise term plan but you can see all the hulla about jeevan Shree, Jeevan varsha etc etc.
You decide whether you want the insurance to serve you or the insurance company!http://khotapaisa.wordpress.com
Anyone Work Or Worked With New York Life Insurance?
Posted July 12, 2010 – 10:25 pm in: structured settlements FAQWhat is the culture there? Selection process? Do they sponsor for the series 7 & 66? Pay, training,ect?
1 Comment | Tags: Anyone, Insurance, Life, With, Work, Worked, York
