What is a comprehensive LTC insurance policy?
112974
C. sounds as close to the truth as possible.  Here is more info on LTC - http://www.findlocalinsurance.com/long-term-care.html
589000
you can turn your whole life policy into a "Paid up" policy.  Check with your agent or company, this is easy to do.  Generally, whole life is a rip off and generates lovely commissions for the agent that sold it to you.  Term insurance is much much cheaper and provides a much greater death benefit than whole life.\n\nA downside to group insurance is that it goes away if you leave the job.\n\nAnother option for your policy is to stop paying premiums and let it go on an extended term option.  In other words the cash value will be used up over time paying for your 11,000 in coverage, but the covereage will convert to cheaper term.  Once the cash value is used up the policy will terminate\n\nAnother option for your existing wholelife policy is to cash it in and use some of the proceeds to pay for a greater amount of term insurance depending on your need for additional life insurance.\n\nMost people are underinsured.\n\nGawd insurance is WAY boring.
180917
Claims-made insurance policy:\nAn insurance policy that provides coverage for claims arising from incidents that both occur and are reported to the insurance company while the policy is in force. A claims-made policy is in force from the starting date of the initial policy period (the retroactive date) and continues in force from that date through each subsequent renewal. When a claim-made policy is terminated, future claims arising from incidents that occurred during the policy period are not covered. However, the policyholder normally has the right to purchase an extended reporting endorsement.\n**This would be most useful for a business selling a product or service which has the possibility of future liability.
204721
Equity Index life insurance are permanent insurance policies where the interest rate credited to the policy is tied to a stock market index, much like an index annuity offers.  Indiannapolis Life, Amerus Life are 2 companies that I know of that offer this type of policy..Good luck and don't forget to read the fine print.
437690
The best you might be able to do is try to find a 'guaranteed issue' policy that does not require medical underwriting.\nThis is going to require the help of an agent very familiar with non-standard forms of life insurance.\nThis product does exist but you are going to need help, so call some agents and 'interview' them about this kind of product.\nIf they tell you they don't know of anything, try somebody else because it is out there.
298311
Term life insurance is a no frills life insurance policy.  It is a death benefit for a specified period of time.  Unlike other types of life insurance, there is no cash value or investment associated with it.  You pay $x for x period of time for x amount of insurance.  It is the cheapest way to insure someone's life.
179046
It depends on the type of policy and the terms and conditions of the policy.  I assume this is a life insurance policy and it would depend on 1) the term of the policy...has it expired and 2) any equity that was built up over the years in the policy.\n\nCheck with the company that issued it
1048438
A term life insurance policy is a contract between you and the insurance company where if you die during the contract term they will pay your beneficiary the amount specified in the contract.  This is pure insurance and there is no account or cash value.\n\nFor example: If you purchase a 30 year TERM policy for 1 Million dollars then the insurance company will pay your beneficiary $1 Million dollars, tax free if you die in the next 30 years.  Some term policies offer conversion options without underwriting should you want to extend your insurance beyond the original term.  You would be converting into one of the policies I mention below.\n\nTerm insurance is the cheapest option and the shorter the term the lower the premium.  You may have heard the people say "buy term and invest the difference".\n\nSome term policies offer a "return of premium" rider.  This option usually increases the premium 30-40% (ballpark).  If you survive the term of the policy they will refund the premium you paid.  These policies do accumulate a small account value.\n\nUniversal and Whole Life Insurance Policies are the ones that accumulate a cash value.  Whole life policies are the most expensive because they are guaranteed to be in force until age 100.  Universal policies may or may not be in force until age 100.  If it doesn't say guaranteed to age 100 then it isn't guaranteed.\n\nThe account value of these policies grows over time and you can then either withdraw cash or borrow against it.  if you take the money out it may be subject to taxes.  If you borrow it there are no tax implications as long as you don't lapse the policy.\n\nLife insurance policies are not the best investment vehicles, but because of the tax benefits they can be a good alternative depending on your tax bracket.\n\nAgents will most often try to sell you a Universal Life policy.  This is because the premiums are higher than term and the commission is that much better.\n\nI tend to recommend guaranteed level premium 20-30 year term policies with convertibility options (just in case).  You should only consider companies rated A- or better.  I find the best rates come from American General, First Colony, Genworth, Met-Life, West Coast Life,  and Prudential.\n\n"A wife doesn't know the value of a life insurance policy...but a widow does."
444048
Your best bet is to consult with an insurance professional.  All the major life insurance companies are reputable.  I would avoid anything on line.  An insurance professional will work out something for you within your budget and explain how to list your children as beneficiaries.  They do not have to be adults to be listed on your policy.
300093
dsinngerdj,\nYou are providing poor information to the public and any clients that you meet with.  It appears that your only product line is term insurance so you say that that is the only type of insurance that makes sense for anyone.  That is simply wrong.  Every person has a different financial situation and until they have reviewed their situation and established a plan, you can not say that.  For many people a combination of term and permanent coverage is their best bet.
98765
In the event of claim by one insured for which another insured covered by the same policy may be held liable, this endorsement covers the insured against whom the claim is made in the same manner as if separate policies had been issued. However, it does not operate to increase the insurance company's overall limit of liability.\n\nNormally under law people cannot sue themselves. As this policy insures many entities, this would preclude any of the insureds from suing another one of the insureds. However, a special Cross Liability Clause provides that each Society and its leaders is covered as if they were an individual insured so that they could sue each other if negligence were involved and bodily injury or property damage resulted.\n\nThe policy does not replace the Personal Liability Insurance that the members should carry for their protection for any personal liability of theirs outside their activities as a member. The policy does protect members when acting with or on behalf of the group, but their Personal Liability Insurance could be called upon if they personally caused bodily injury or property damage to another member.
535743
By getting a very large liability insurance policy because you are going to need it. Next best choice, talk with a good lawyer on how to insulate your company from liability claims.
1127152
It's an insurance form, issued on paper.  It's a statement to the "holder" (ie, Radio Shack) that the insured (you) has the type of policy described below (usually general liability, auto liability, workers compensation,  & other).  Furthermore, it states that in the event that one of your policies should cancel (ie, for nonpayment of premium, mid term), or change terms (ie, you lower your coverage limit) that the insurance company will attempt to give a set amount of notice (usually 10-30 days) PRIOR to the cancellation/change  going into effect.  \n\nIf you have a general liability policy, your agent can issue it.  If you don't, you'll need to get one.
404350
As long as you are insured full comprehensive - then any motor policy should pay out for the repairs to your car.  \n\nFind out why they are being uncoperative.
1006713
Life insurance is NOT primarily a savings vehicle.  You should not look at it for solely the savings feature.  If you do not need life insurance and simply need to save money, then I recommend you have your bank automatically move funds from your checking account to a savings account or mutual fund each paycheck and you will have much more over 20 years than any life insuarance policy.\n\nThat being said.....permanent life insurance has many outstanding features in additiona to the forced savings you are talking about.  Obviously, you have a death benefit, that you do not get in any investment vehicle.  You also get tax defered growth, also something that is not available on most non-qualifed savings vehicles.   You have ready access to your cash at all times, which may not be the case with some investment vehicles.  And last but not least....you have the tremendous opportunity to take loans against the cash values in the policy and not have to pay income tax on the income.  You do not pay tax on loans.\n\nAs a financial planner and insurance agent, I thoroughly enjoy this business.  I encourage you to really think about exactly what you are trying to accomplish and then choose the right vehicle.\n\nIf you have any other detailed question, just send me an e-mail.  I'll be happy to answer any other questions.
1026304
Sorry you aren't going to find any insurance that completely covers all treatment.  You can get plans that will pay up to a certain amount, maybe as high as $3000 (rare)yearly, but they will usually only pay a percentage, say 80% of basic procedure and less for major procedures.  But get a job with UPS, they have excellent insurance!  Or some unions have great benefits too!  Better yet, go work for a dentist, then it is all free!
383264
You're going to have a challenge.  First you need to work on getting it zoned properly.\nIf you try to get strictly commercial insurance and you have a claim and they find out it was because it was being used as a residence, it may void the policy.\nYou will need a homeowner's policy that might have some commercial provisions in them....a 'combination' policy so to speak.\nSince there are plenty of home based businesses that need a combination policy, an experienced personal lines insurance agent will be able to help you.