| Message |
Author |
|
 Posted: Fri Sep 14, 2007 4:31 pm Post subject: term policies that pay dividends |
|
|
| are there any term policies that pay a dividend |
|
bigz
New member
Joined: 14 Sep 2007
Posts: 1
1.56 Dollars($)
|
|
| Posted: Sat Sep 15, 2007 12:04 pm Post subject: Welcome! |
|
|
Hi bigz!
I'd just like to know if you're inquiring about term life policies or is it something else!
Regards, Fatman |
|
fatman
Moderator
Joined: 04 Oct 2005
Posts: 578
104.45 Dollars($)
|
|
| Posted: Sat Sep 22, 2007 4:04 pm Post subject: div term policies |
|
|
probably have a hard time finding one. Most term policies that paid divs were overpriced, term market is so competitve now that there is probably none left. The new return on premium term policies offer a similar concept. If your insurance premium is 20, the return of premium cost might be 40. You get all your money back if you out live the policy term so basically you are earning money on the additional premium because you are going to pay the cost of insurance regardless.
_________________
Register Now to have your Insurance queries solved. |
|
dix
Guest
|
|
| Posted: Mon Dec 10, 2007 3:43 am Post subject: |
|
|
Hello to you and all of my associates in this forum. I have been out of it for a brief moment due to a computer virus, but now I am back.
Have you looked into a universal life??
It can really offer you the best of both worlds. First, you can purchase one with a high face amount, just like a term policy. Then on most universals, you have the option of a variable premium. You can choose to either pay minimum premium, target premium, or a specified amount.
You will probably pay close to the same amount as you would pay for a term with return of premium.
Just be careful if you purchase a universal to monitor the interest rates and cash values on a regular basis. At least annually, just to make sure that you dont underfund the policy and it runs out before its time.
Hope this sheds some light on what you are trying to do |
|
knig188
Member
Joined: 04 Nov 2007
Posts: 69
25.37 Dollars($)
|
|
| Posted: Wed Apr 16, 2008 3:53 pm Post subject: |
|
|
term policy is not a small field with little to explain.
what do you want to know about it.please elaborate your question a little so that the members around you could help you better.
_________________
INDIAN_TUSHAR
Earn Money Here..
www.indiancashmaker.in |
|
tusharagg87
Senior member
Joined: 23 Dec 2007
Posts: 207
Location: india
12.79 Dollars($)
|
|
|
|
s2a2n2
Member
Joined: 24 May 2008
Posts: 51
13.38 Dollars($)
|
|
| Posted: Mon May 26, 2008 9:12 am Post subject: insurance |
|
|
| I have wondered.which would be better a Term or Whole Life policy? Can you get 'cash value' on both? I suppose it depends on the individual's situation. |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Mon May 26, 2008 3:37 pm Post subject: both |
|
|
| I suppose both get cash value for both...and you are correct depends on individuals choice |
|
s2a2n2
Member
Joined: 24 May 2008
Posts: 51
13.38 Dollars($)
|
|
| Posted: Mon May 26, 2008 4:01 pm Post subject: insurance |
|
|
| Depends on the coverage you need, what you can afford, etc. Do ANY Life Insurance policies build 'cash value' right away? Or.....do you have to wait a certain amount of time? |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Mon May 26, 2008 4:20 pm Post subject: wait |
|
|
| I think you certainly need to wait for a period for sure |
|
s2a2n2
Member
Joined: 24 May 2008
Posts: 51
13.38 Dollars($)
|
|
| Posted: Mon May 26, 2008 6:16 pm Post subject: |
|
|
hi sdchargersfan,
| Quote: | | I have wondered.which would be better a Term or Whole Life policy? Can you get 'cash value' on both? I suppose it depends on the individual's situation. |
I think whole life policy is much better than term life insurance policy. As far as i know, most term life insurance policy has no cash values. All it can offer is protection. So if you are paying premiums on a term life insurance, you are paying for the financial protection that it can offer. It does not make your money grow over a period of time. But the good part of it is that it is much cheaper compared to other kinds of life insurance policies.
Whole life insurance policy on the other hand can accumulate cash values and can offer dividends. It costs a bit higher compared to term insurance but it has an added feature to it. Your money grows over time. This may not be a profitable investment, because of the fact that this is for financial protection and not for wealth accumulation. So don't expect more on the cash values and the dividends that you will get.
Here is one good thing about whole life policy. Because the main goal of getting a life insurance is for protection for the "IF's" of LIFE. What if you Live long? If you would come to your retirement age and feeling secured that you don't need a life insurance anymore, you can surrender your whole life policy and get the cash values and dividends as an additional fund for your retirement. What if you Expire early or lived short. The beneficiary would get the proceeds from the life insurance.
That is the real purpose of insurance. Remember, insurance investment is not wealth accumulation. It is wealth conservation. Never think of higher return on this kind of investment. Think of the protection that it can give to you and to your loved ones.
_________________
Free Insurance Quotes
Joven Blog |
|
joven222
Senior member
Joined: 12 Jan 2007
Posts: 244
7.85 Dollars($)
|
|
| Posted: Sun Oct 12, 2008 5:10 pm Post subject: |
|
|
I think there is no term policy that offers dividends. It is a kind of policy that offers protection on a limited number of years. So that money you have put into it wont earn a dividend. You are paying for the protection that it can give.
_________________
Free Insurance Quotes
Joven Blog |
|
joven222
Senior member
Joined: 12 Jan 2007
Posts: 244
7.85 Dollars($)
|
|
| Posted: Mon Oct 13, 2008 3:38 pm Post subject: |
|
|
BigZ,
I think I have the answer you're looking for. No.
Back in the 80s, several companies experimented with term dividends but found that the extra premium made their products less competitive.
_________________
Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away. |
|
InsInvestigator
Forum Expert
Joined: 13 Oct 2007
Posts: 534
Location: Central California
22.83 Dollars($)
|
|
| Posted: Thu Oct 30, 2008 8:44 pm Post subject: |
|
|
| I heard 1% of term polices pay out. That is crazy only 1%, I don't like betting on my death. |
|
Mcampbell
New member
Joined: 24 Oct 2008
Posts: 47
14.92 Dollars($)
|
|
| Posted: Thu Oct 30, 2008 8:57 pm Post subject: |
|
|
Universal life actually developed from whole life. The advantage of the universal life policy is two-fold; Both the death benefit and the premium payment are flexible. The death benefit can be increased (subject to insurability, of course) and decreased without surrendering the policy or getting a new one. This would be required with a whole life policy.
Also, you are able to change the premium payments; from the minimum amount to cover expenses, to the maximum amount allowed (by IRS rules)
_________________
Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller |
|
LifeIsGood
Senior member
Joined: 22 Sep 2008
Posts: 580
1.29 Dollars($)
|
|
