NLIC.org

Herman Said:

Confused Term Life Insurance Qoutes?

We Answered:

lifeinsurance.awardspace.info - you can try this company. My parents have their life insurance.

Leslie Said:

Should I purchase an immediate annuity at my age 77, or perhaps long term care insurance? Income $2000 month?

We Answered:

An interesting situation. Will the son continue to live in the house after you die? If not, you should look at a reverse mortgage. If yes, he will, then annuity may take away his support.

If you're not concerned about the son, an immediate annuity should not be ruled out but should be considered only as part of a diversified portfolio. You need to do distribute your cd's among stock mutual funds and bonds or bond mutual funds as well as cash, for example. The typical modern financial recommendation is 60 percent stocks and 40 percent in cash and fixed income investments. You need current income and growth to accommodate inflation.

A consultation with a fee-based financial advisor and an elder care attorney specialist would benefit you.

Carrie Said:

Life Insurance which one is what? level term etc, confused please help?

We Answered:

Policies other than term life insurance policies are not straightforward in explanation. Term insurance is like car or home insurance in a way. It is very simple... you pay the premium and when it's time for a claim, the policy pays. Whole life, universal and other permanent plans do much more than cover you in the event of a death. There is cash accumulation, ability to make loans and withdrawals, and some offer investment opportunities. Because of this and the need for explanation of benefits, the rules governing the sale of these types of life insurance are highly regulated. Therefore, you will not see many websites, if any, allowing you to be quoted for other than term insurance.

You need to pull out your phonebook or get on your favorite local internet yellow page website and find a good "independent" life insurance agent. An independent agent can take your personal situation and shop it among many different companies to get you a great value.

Brittany Said:

life insurance level term?

We Answered:

200K seems a lot.
How much equity is in the house?
What is your life expectancy?

Terminal illness policies have a bad reputation.

If you dies the house will be sold, after repaying what is owed to the lender your heirs will get the rest. That might be enough without you having the added expense of life insurance cover

Rick Said:

Mortgage Refinancing agents/experts/specialists in New Jersey?

We Answered:

Yes, its called a mortgage banker/broker. They will shop various lenders to find you the best rate and terms for your refinance.