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Ralph Said:

What kind of life insurance companies are there in South Carolina?

We Answered:

I live about 20 miles south of Charlotte, NC. I would say if you enjoy living in the city Charlotte is probably your best bet. It is the biggest city and has the strongest economy of NC and SC. It is one of the fastest growing cities in the country. There are quite a few suburbs you could choose from in NC and SC if you want to live here. I don't know about life insurance, I am only 21. I know taxes are higher in NC. Car insurance is less expensive in NC. Email me if you have any other questions about this area.

Here is the yellow pages listing of life insurance companies in Rock Hill, which is a city right outside of Charlotte, of about 60,000 people.
http://www.yellowpages.com/Rock-Hill-SC/…

Johnny Said:

How do life insurance companies make money?

We Answered:

Basically what these life insurance companies do is they invest 70% of your money in stable or govt. related funds and projects. Then they invest in gold. Also they give out your money to people as loans. Thus they earn a fat premium of the money that you give them.

Lydia Said:

What are the best life insurance companies?

We Answered:

The “best” way to find out which company is “best” for you is to talk to an independent insurance broker. A broker works with several companies and can point you to the best one. To find a broker in your area, log on to a website like http://free-best-life-insures-comparator-usa.blogspot.com/
and fill out a form requesting a free quote. Your information will be sent to a broker in your area who will contact you.

Janice Said:

What kind of life insurance companies are there in states?

We Answered:

Life insurance companies exist in the US and are similar to those in any other country.

Terrance Said:

Best life insurance companies to work for in Los Angeles?

We Answered:

Heck, if bobbidigits can prospect here, I guess I can as well. World Financial Group is a non-captive company, unlike Primerica, which means I also work with some of the top insurance companies in the country.

Do the Primerica people try to help folks? Absolutely. I've known a lot of them. They try hard. However, I feel we have better tools to help folks with than do they and I also feel that our compensation model blows theirs away - by a wide margin. That's why I work with many folks who used to work there and now work here.

I'd be happy to discuss it all with you. I'm in Rancho Cucamonga, but I also have an office in Culver City and other areas of Los Angeles. Because I am dually licensed, I don't want to post office addresses lest it be miscontrued as a solicitation for business or an advertisement - both of which are subject to regulatory overview.

If you'd like to set up a time to chat, you can e-mail me thru Yahoo Answers.

BTW - it is SO good to hear that you love working with people. That is exactly the kind of folks I want, and I think you'll find that the atmosphere in our offices is definitely a cut above what you find in most of corporate America or the rest of the industry. We do a good job, help lots of folks, and have TONS of fun doing it as well.

Billie Said:

How do Life Insurance companies make money?

We Answered:

Good question to ask, more people should be curious. Each product is priced differently.

Whole Life insurance like all plans, is priced by actuarial accountants. These are the people that when you were in university were studying in the room next door while you were playing drinking games. They do calculations based on over a hundred years of mortality and morbidity rates to determine claims experience, cancellations etc. which allow them to build in a profit margin for all products.

This particular product builds a cash reserve with all the premiums paid by all policy owners. It is sort of like a massive pension plan from which liabilities are paid (claims,admin costs, commissions, company profits) The residual is paid out to policyholders in dividends or cash value. So the answer is, don't worry the profits are priced in.

In the real world this profit is magnified by two main things that very few people in and out of the financial industry are aware of:

1) Life expectancy is always increasing so when you buy the policy at age 35, life expectancy is 82. By the time you get there it will be 88 so the insurance company will end up with 6 more years of premiums than they factored in.

2) Cash values built up through dividends on whole life plans are very enticing to people who don't manage money well so one day when they glance at their statement and see thousands of dollars just sitting there teasing them, they can't resist cancelling the policy and buying that big screen TV they wanted. Bingo, liability ends for the insurance company, they keep all the premiums paid, pay out some of the interest and pocket the rest.