Need of help

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PostPosted: Thu May 02, 2013 6:34 am   Post subject: Need of help  

HI Everyone,

I am of age 25 and married .I want to go for a life insurance plan but i don't know which one would be better for me.If you have any ideas .Please suggest me.


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Vanessa
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PostPosted: Thu May 02, 2013 10:31 am   Post subject:   

Everything depends on your financial condition, long-term goals and needs. So, in this case, you'll have to consult a financial planner to evaluate the type of life insurance that'll be the best one for you.

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PostPosted: Thu May 02, 2013 12:21 pm   Post subject:   

Certain basic insurance policies are obviously required for your life. However, you should decide whether or not you can afford it or not.

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PostPosted: Fri May 17, 2013 11:33 am   Post subject:   

Quote:
you'll have to consult a financial planner
Of course, if adamsarthur were a life insurance agent he might have recommended consulting an insurance agent instead.


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PostPosted: Wed Jun 12, 2013 2:31 pm   Post subject:   

Make sure you buy some of the basic insurance policies for your security. Before buying the insurance policies, you're required to find out whether or not you can actually afford.

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PostPosted: Wed Jun 12, 2013 2:48 pm   Post subject:   

Quote:
you're required to find out whether or not you can actually afford.
This is not true. Insurance companies will gladly sell you a life insurance policy that you cannot afford. In some cases they will sell you a Universal Life insurance policy that looks affordable, but when it fails to perform as illustrated, will become more costly a number of years down the road. Few agents will explain that to you properly.


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PostPosted: Thu Jun 13, 2013 11:32 pm   Post subject:   

Quote:
This is not true. Insurance companies will gladly sell you a life insurance policy that you cannot afford.




And many companies do this on a regular basis.


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PostPosted: Fri Jun 14, 2013 10:36 am   Post subject:   

Actually there are a variety of plans available these days. Now the choice would solely depend on your individual circumstances and situation.

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PostPosted: Mon Jun 17, 2013 9:02 am   Post subject:   

Quote:
However, you should decide whether or not you can afford it or not.
and
Quote:
Actually there are a variety of plans available these days. Now the choice would solely depend on your individual circumstances and situation.
Well, Patricia, which one is it? Need or affordability? Can't make up your mind, can you? Probably because you don't have an insurance license and just pull answers out of vapor.


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PostPosted: Mon Jun 17, 2013 10:18 am   Post subject:   

I'm not pulling answers out of vapor. Need and affordability - both are to be taken into concern. Only after weighing both should a decision be taken.

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PostPosted: Wed Jun 26, 2013 11:02 pm   Post subject: 7 Step Guide to Hassle-Free Insurance Shopping  

Hey Vanessa it sounds like you are a little lost and confused when it comes to making the right decision with life insurance. We've created a simple 7 step guide to help you through hassle-free insurance: [link deleted per TOU]



I hope this will help you grasp a better understanding for life insurance! Smile

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PostPosted: Thu Jun 27, 2013 6:29 am   Post subject:   

The best basic guide for understanding the differences in life insurance is the NAIC's "Buyer's Guide to Life Insurance." It was created without any bias toward one product or another. All states require that a Buyer's Guide to Life Insurance be provided not later than at the time a policy is delivered to a client.



A specimen copy of the Buyer's Guide can be viewed here: www.naic.org/documents/consumer_guide_life.pdf



Do not rely on any documents produced by insurance agents or other persons who are not members of the NAIC -- only state insurance commissioners/superintendents/directors are members of the NAIC.



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PostPosted: Thu Jun 27, 2013 9:28 am   Post subject:   

These all things should be done after looking at your financial condition. Normally you can go for life and health insurance, but you have to decide whether it will be long term or short term.

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PostPosted: Thu Jun 27, 2013 1:50 pm   Post subject:   

OK Max, I respect you for knowledge about insurance, but are you aware of what financial planners do? It seems you aren't.



Financial planners are required to pass a module on 'insurance and risk management'. So what's the harm in consulting a financial planner for matters related to insurance?

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PostPosted: Thu Jun 27, 2013 6:10 pm   Post subject:   

First of all, the term "financial planner" has no meaning. If you are talking about a CFP, the danger in consulting one on insurance matters is that the training only gives them a beginner's level of knowledge. From my experience, CFPs who don't make their income from insurance sales almost always just have enough knowledge to be dangerous.


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