If I Have Already A Term Life Insurance For 1 M Do I Need To Keep My Mortagage Insurance? Can I Cancel My Mi?
Posted October 9, 2009 – 4:45 pm in: term life insuranceMortgage insurance is almost always a bad deal. You can get a comparable amount of term insurance for cheaper.
So if your insurance is enough to cover your mortgage and all of your other debts, it is enough.
Will I Lose My Cash Accumulation Value If I Cancel My Whole Life Insurance?
Posted September 13, 2009 – 10:18 am in: structured settlements FAQI am realizing now (6 years after opening) that my whole life insurance policy is a bad investment. I notice on the policy there is a cash accumulation value and a cash surrender value. They are grossly different. If I cancel the policy do I only get the cash surrender value? If so, is there [...]
6 Comments | Tags: Accumulation, Cancel, Cash, Insurance, Life, Lose, Value, Whole, WillCan A Life Insurance Company Cancel A Policy Within The First Two Years Of Inception If Suicide Is Suspected?
Posted August 29, 2009 – 4:17 pm in: term life insuranceMy friend has a term life insurance policy that is less than 2 years old. She entered the hospital recently for a newly diagnosed bipolar disorder and had admitted to thoughts of suicide. Within 2 months of her stay and diagnosis, her term life insurance policy was canceled by the insurance company for reasons of [...]
5 Comments | Tags: Cancel, Company, First, Inception, Insurance, Life, Policy, Suicide, Within, YearsWhich Term Life Insurance Policy To Cancel?
Posted August 19, 2009 – 4:55 pm in: term life insuranceI have 2 Term Life Insurance policies on myself.
Both are for the same dollar amount.
“A” is 20 yr, of a stable Insurance company under State Farm Insurance ($68 per month)
“B” is 30 yr, one of the AIG Insurances that Uncle Sam bailed out (American General @ $54 per month).
I’ve been paying on both for 18 [...]
