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Sonia Said:

I have a serious doubt with regard to term plan insurance. In the present scenario, 21st Century, is it worth?

We Answered:

There is a fact in market economy that nothing is free. Even if you buy insurance. If you buy insurance in any of the product, you pay for it. This is called mortality charge. In traditional insurance product like endowment, your return is already calculated after deducting the mortality charge actually. In ULIP you seperately pay this charge at an incremental rate (with your age). In term plan you just pay for the mortality charge & admin charge.

I have written an article on my blog on term insurance. Go through it

http://www.personnelfinance.blogspot.com…

Zachary Said:

Am I as a single individual allowed to opt-out of my employers health insurance in NC?

We Answered:

If the employer pays 100% of the premium, you cannot opt out. If he does NOT pay 100% of the premium, you can, but you can't get that $300.


Keep in mind, in NC, your employer can fire you, for no reason. That means, if you opt out, he can fire you for no reason, and find someone who will opt in.

Theresa Said:

can a single premium unit linked insurance plan be surrendered in first three policy years?

We Answered:

It can, but you'd end up losing money. Better off to take a loan against the value. Talk to the Agent that sold it to you

Samuel Said:

Why does Obamacare let insurance companies rip off people with pre-existing conditions?

We Answered:

Well, let's extend this. How fair would you think it was, if the government said you're only allowed to EARN $200 a week?

Do you think the government should say, you have to paint my house, and I only have to pay you $25 for it?

Do you have any idea what you call a company, that's forced to sell something for way, way under what it costs them to make it? (hint: bankrupt!)

Under MORE government controlled health care, expect your son to get LESS treatement, and have longer waits - after all, kids with CF do NOT have a good long term prognosis.

Also, most states will give a kid with CF FREE (aka welfare) health insurance, regardless of the parent's income. Of course, government welfare health insurance doesn't pay as much, so you'll have a harder time getting good doctors and prompt treatment. But hey, if PRICE is the big concern, the access to FREE health insurance for your CF child is already in PLACE.

Why does government let insurance companies charge what they want? Same reason why YOU are allowed to charge what YOU want, for the services YOU provide - it's not their damn business to regulate every inch of your life.

Government is NOT the "end all be all" solution provider. In case you haven't noticed, everything they stick their mitts into, they screw up, and usually make WORSE. Until you want to be volunteering to have goverment regulate how much YOU are allowed to charge, what YOU are allowed to eat, exactly how you spend every dime you make, how much medical care your critically ill child is entitled to get, etc, please don't volunteer ANYONE ELSE to be subject to that.

Common sense - you can't pay out more than you take in. And I promise you, with $500 a month in health insurance, you're child is generating many, MANY times that amount in claims.

Franklin Said:

Should I go for HDFC retirement plan single premium?

We Answered:

Hi,

I am impressed by this plan. If it is possible, I want to go for it. Good to see that only 6% charge in 1st year & 1% after that. I have pasted this question to other forum too. Let us see if it is practically possible.

Ella Said:

Could some one suggest a good child insurance plan from LIC/SBI?

We Answered:

I think LIC have really good plans for children.