Almost all the life insurance companies LIC or ICICI pay a high borkerage upto 35% of  the premium to the agents. This reduces the return to the customer and the worth of the policy. \nIn such a scenario is life insurance necessary and which type will give the max return??
121888
you can go for Bajaj Allianz life insurence. I think its good. visit:www.bajajallianz.co.in
353741
Nope.  That is the risk you take with the market and using brokerage firms to manage your hard earned money.  All of the paperwork and even your quarterly statement indicated that these investments were no guaranteed, insured and could lose value.  It is a hard pill to swallow, but you are not alone.  The great thing is that you get to pay these crooks to lose your money!  Sorry,.
485145
I'm sorry but I'm pretty sure you won't find a policy that covers those things.  You have an investment related problem, not an insurance one.  Talk to someone who can get you an investment that you can pull out of in the case of an emergency and will be sufficient enough to provide temporary income replacement for a specified time period.  It is also a general rule to always have on hand at least 6 months of income replacement in a savings account somewhere for emergencies only.
84964
I like the answer provided by "Financial Answer Guy". \n\n(1) You should have some form of protection if anything happens. It is just like you have to buy car insurance. Do you think your life worth less than your car?\n\n(2) You should be aware that there are many forms of insurances and balance between them if possible.\n\n(3) Please check the rating of the insurance company before buying. You don't want an insurance company that disappears when you need the pay out, right?
557842
Emigrantdirect.com and INGdirect has one of the highest interest rate for a savings account.\n\nBut a majority of Bank accounts usually don't have high interest rates. You are better off investing in mutual funds if you want the highest rate of return in the LONG RUN.
551797
Well, look at it this way.  Insurance is all about grouping people together in similar risk groups, figuring out how much a year it's going to cost that particular group for claims, and dividing up the estimated claims projections between all the people in the group.   So yes, high risk people grouped together should pay the same high risk premiums.  That's why 16 year old kids pay a small fortune for car insurance, and a 40 year old man doesn't.  In general.\n\nYounger people pay less for life insurance than older people.  It's common sense.\n\nSo IF you can find a company willing to cover what we all know right now, will be A LOT of medical bills this coming year, yes, you should pay more than a healthy person.  \n\nPeople who have Aids are usually not insurable AT ALL on a new policy.  But yes, they should pay more.  Drunks, well, that's harder to prove, but they should pay more, too (detox costs A LOT!!).
55337
Wow, some really dangerous opinions in here!\n\nLife insurance proceeds are there to provide protection for your dependents in three basic areas:\n\n1) Funds made available to pay final costs (burial, medical bills, etc.) and debts (mortgage, credit cards. etc)\n\n2) Funds to make up the difference between the household income before your death and what it would be following your death.\n\n3) Funds to invest to meet the savings goals you would have been saving for had you not died. (Think children's education)\n\nNot everyone has needs in all three areas and like Lady Death alludes to in her answer, you can accumulate assets to offset these needs. This is referred to as Self-Insuring. In an ideal world, we would all quickly accumulate wealth sufficient to fully protect our families while not accumulating enough wealth to fall afoul of estate taxes. In reality this is not always the case, hence the continued need for life insurance.\n\nWhen you first apply for a policy, you go through an intense process called underwriting. This is when the insurance companies underwriters tak a very indepth look at you health (through blood and urine tests, questioning you, questioning your doctors and requesting information on you from the Medical Information Bureau [Think of the MIB as a Credit Bureau that tracks your health]) and your financial situation to determine IF you are insurable and how much your premiums are going to be.\n\nWhen people say you should only buy term insurance, be skeptical. It is a very unobjective thing to say when they know NOTHING of your situation. Term insurance is an easier sale and some salespeople follow the path of least resistance rather than providing the best objective advice to their clients. Buy Term and Invest the Difference- this assumes that you have the discipline to invest the difference rather than spend it, that you accumulate enough assets to self insure before the term period runs out, and that you don't accumulate too much with respect to estate taxes. Otherwose, you find yourself in the unenviable situation of having to go through underwriting again to put another term policy in force, with premiums based on your then current age, of course. This is particularly bad if your health has deteriorated in some way, jeapoardizing your ability to get coverage. Some may say you could convert the policy to permanent insurance at that point but that negates the tenents of the startegy and why put a permanent policy in place then, having given up all those years when you could have been funding it?!?\n\nMy best advice is to consult a financial planner (AVOID anyone who tells you what type of insurance to get without asking any questions of you and run away from anyone who uses a "multiple of salary" approach to determining your need) and have a survivorship analysis completed. Your planner will educate you on the different types of insurance and develop an insurance portfolio to meet your individual situation. It may be that term insurance is the right thing for you right now; maybe not. For anyone to say it is without the facts is not very intelligent nor prudent.\nGood Luck.
462424
Over 50 plans are all well and good, however most do not offer full cover until you have been a Member for over 24 months. If you die before that time you only get your premiums back, not the life sum assured.\nCall a financial Adviser to ask about your own individual requirements. The first consultation is usually free and without obligation (they will tell you over the phone ). He /She may be able to suggest a better option as they can research the whole market not just one company. Good luck
671889
From a legal aspect, there's two theories of thought when it comes to valuing a life.  The financial loss of an adult can easily be calculated by the amount of income they earn, and aggregate that until retirement age.  Children, however, are different.  The amount invested in the child, i.e. schooling, feeding, birthing, etc., are added up over the course of the child's age.  However, society will do whatever it takes to save a life if it's on a TV screen.
504968
Check into a reputable insurance co.  Not one offered by the bank or broker.  You can get a much higher return if you go directly to an insurance co.  Rollover your 401K to a Fixed Annuity if you like safety and want to see it grow and no risk of the market.  Hope that gives you some info.
324293
I've written this kind of insurance for a few of my customers. Never anything as big though, stuff like an archery tournament where the prize was a truck. I work at an Independent Insurance Agency so I was able to shop around for the best deal, ended up purchasing a policy from Lloyds of London who will insure just about anything. Call a local Independent Agent and tell them what you need. You'll need to have details of the promotion and be able to give some kind of evidence as to the difficulty of winning the prize. For instance, on the archery tournament I had to get info on the length of the range, the size of the target, the type of bow involved and whether it was indoors or outdoors. Lloyds came back with a couple of stipulations: no mechanical sights to be allowed and no professional archers allowed, also the winner had to hit dead center, not just in the bull's eye circle. The odds were calculated at something like 1:1,000,000 that anyone would hit dead center, especially as it was an outdoor tournament. The premium for the policy was under $1000. SOMEONE HIT DEAD CENTER and the Ins Co had to pay out!\nGood Luck!
377260
1.  Yes.  You will find that you can afford much more coverage at a much better price and use the difference between term and Whole Life to save on your own.\n\n2.  You should buy as much term as you need to replace the income your family would lose if you were to die.  Make certain to buy enough to pay off the house and put your kids through school.\n\n3.  A 20-year level premium term policy is a great idea.  It locks in the rate for 20 years.  By then, you'll have paid off your house (hopefully) and put most of the two kids through school.  As you age, you need the income replacement less and less.\n\n\nCaveat:  At the end of the term, you will not have a cash value.  So after 20 years, if you didn't die, then you will have nothing from the insurance policy except that peace of mind for the last 20 years that you did the right thing and had insurance.\n\nHopefully, you will have been diligently saving the extra that you didn't pay for Whole Life and put it into extra house payments, college savings and your retirement plans.\n\n4.  There are plenty of good, low cost term policies out there.  There are so many good ones that recommending any one or two is a disservice.\n\nYou will likely hear from some who claim its a great idea to buy whole life......and it is a good idea for those who want to leave some money to their heirs...but the cost is so much higher that unless you are in the upper middle class where the extra cost won't put you in a pinch and you can easily afford both the insurance and your other savings costs (house, college, etc.), then it isn't worth it.\n\nRemember that those that tell you whole life is a good idea are almost exclusively those who profit off people who make the same decision.  Whole life contains a lot of high fees, costs and commissions that you can dramatically lower by buying term.
53911
Probably no copay, premium or deductible.  Yes, I believe they are covered for the rest of their lives.\n\nSo unfair.
483265
the thing is as a Life Agent they insurance companies that I work for would want to know why you are covering your children for $500,000.00 now you could pull a policy on yourself with no issue and that $11,000.00 you are looking at paying would be better for you you would be paying way over the needed amount to cover your children with compounded interest and everything if you are looking at pulling this type of policy I would love to help you with it I do not work for NY life but would be able to give you pointers as well as maybe show you a few other companies depending on the state that you live in that would maybe be better back to covering the children I know that all the companies I work for would wonder why you would insure your child for more then $200,000.00 without good reason IM me and I will see what I can do my IM is rahnside\nA Life Insurance Specialist\nRahn Sidebotham II
347876
Ya know, I typed out a HUGE answer to this about what the results of each of these ideas would be, but then had a big fight with my husband, and he closed the window before I could send it. \n\nSo the short of it is, the companies can't make any money under your ideas, as claims are too high, so they'd all stop doing business in Florida - not just homeowners, but ALL business.  So that would make the overall insurance situation WORSE. \n\nThe REAL problem is, the insurance claims are increasing dramatically, making it really, really expensive to want to insure a house (from the company's point of view) in Florida.   Losses are up.  When losses are up, you can't legislate payouts down, which is the only way you'll get premiums down!!
11022
Discuss your situation with a competent financial planner in your area. Do not trust anyone who tells you how much insurance you need without asking you any questions. Avoid insurance salespeople, especially ones who use a multiple of your salary approach.\n\nA good financial planner will complete a survivorship analysis for you. He/she will ask you alot of questions regarding your current financial situation and after making certain assumptions regarding rates of return and inflation, will be able to calculate your family's overall need for assets at your passing and how much of that need would be offset by assets you would have on hand. Don't forget to tell your advisor about any savings or investments you have as well as all life insurance in force, including employer provided. If there is more than enough assets already available, you do not need any additional life insurance, if not, consider purchasing more.\n\nThere is a widespread belief that term insurance is the only worthwhile way to insure oneself. This may not be the case. Term insurance is typically very inexpensive when compared to permanent forms of insurance (whole life, universal life, variable universal life, etc.) but it is important to remember that those term premiums will rise somewhere down the road. Approximately 90% of term policies never pay a death benefit, mainly due to the fact that they became too expensive to keep in force. Term insurance falls into two basic types, Yearly Renewable and Level. Yearly Renewable Term (YRT) premiums start very low. As each policy aniversary passes, your premium goes up. Each year you get older the resulting increase is a little bit larger than the previous year. It makes sense if you look at it from the insurance company's perspective; each year older you get is one year less you have left to live. Level Term will have a certain period where the premiums will remain level, usually 10, 20 or even 30 years. The longer the guarantee period the higher the premiums will be, but they will remain at the initial premium amount for the guarantee period. I prefer Level Term for my clients who need term coverage because it is a much more predictable amount to budget.\n\nPermanent insurances, while requiring higher premiums, also build a cash value, on a tax advantaged basis. If the policy is designed properly, it can make a good savings vehicle for LONG TERM investing goals. As with any important decision, the most important aspect is to get the advice of a competent, trusted professional.
470377
I guess you are from India. The Smartkid insurance policy of Icici Prudential is a good choice. It will help you give security to your son and also save for his future financial needs. It is a market linked plan. Minimum premium is Rs. 10000/- \n\nYou need to contact ICICI insurance advisor or their branch office near you to get more detailed and accurate information.