Dr.Suess asked: Laurita Rodriguez has a whole life insurance policy that has an annual premium of $1,023. She wants to pay the premium quarterly. The quarterly premium is 26 percent of the annual premium. What are her quarterly payments?whole life insurance
diana asked: I’m thinking about buy whole life insurance, but have heard from a few people that an IRA is anothe option that may prove to be more successful as far as “saving”.
1.What are typical interest rates of an IRA
2. can I borrow against it as I can with a whole life insurance [...]
donovan t asked: we have an omni whole life insurance policy. that can be used as a retirement savings account correct? it is my understanding that we can take the cash value when we reach a certain age.Caffeinated Content
An Alternate Angel asked: I’m thinking of taking my cash value from my life insurance policy but I’m a little confused about the whole process. If I take out the cash value not as a loan, if I surrender it… will I still have my policy? (the website for my insurance says it terminates [...]
Diane B asked: I am divorced, and am working on a will and have a whole life insurance policy. If I die, I want my 9 year old son to inherit everything but he’s too young to be an official “beneficiary” and the money will have to be put in some sort of “trust”, [...]
princessshanzer asked: My whole life insurance statement reflects that my cash value is $49K. Can I borrow that amount or just a portion? Do any previous loans need to be subtracted from the cash value reflected?Caffeinated Content
ImInLove asked: I’m 24 years old and working as a professional in malaysia.Recently i bought an insurance policy from AIA.After reading my insurance policy, i want to know a few things like
1) will i’ll be getting annual cash dividents?
2)if let say i want to surrender my policy after 20 years..will i’ll be getting my premiums [...]
toddrws asked: My wife quit her job. She was contributing around $10 a month to a 25,000 whole life insurance. We got a letter that said the cash value was around $700. If we cash it in is there a tax cost to us? The letter stated that the cash [...]
indrep33 asked: Also, does anyone know about the tax penalties that come with borrowing against your policy?whole life insurance
jeff g asked: Hi. I’m trying to learn more about how life insurance works…basically, I know nothing at this point.
So, lets say the father in a family has a whole life insurance policy for like $2 million. What will his family receive if he dies prematurely? What would they receive if [...]
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