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Ek_mulagi
Tuesday, November 09, 2004 - 11:32 pm:   Edit Post Delete Post Print Post  Link to this message

US maQao life Insurance ba_la kuNaalaa kahI AnauBava Asalyaasa [qao ilaha .kuzlyaa policies, what to look for etc

Upashiboka
Wednesday, November 10, 2004 - 6:18 pm:   Edit Post Delete Post Print Post  Link to this message

Look for Term Life insurance, not whole life or universal life.

Punyanagarikar
Wednesday, November 10, 2004 - 9:47 pm:   Edit Post Delete Post Print Post  Link to this message

That's not the entire story. Whether you choose Term or Universal or Variable Universal will depend on what you hope to get out of your insurance.
Long term investment mhanun Variable Universal Life is a better option. If you want it as security for your family, buy term life.
There are some more options, qaÜDa research kolaa tr vaoga vaogaLo options kLitla
generally speaking, women under age 30 are recommended Variable Universal, and men over 30 are recommended Term life..
you can weigh your options and choose.


Upashiboka
Tuesday, November 16, 2004 - 6:49 pm:   Edit Post Delete Post Print Post  Link to this message

First of all, we should not get confused with insurance and investment. Insurance is for buying protection and investment is for getting higher returns. These 2 things do not necessarily go hand-in-hand.

Here's how a typical universal policy works: There is a cash value underlying the policy, which grows as premiums are paid and as interest is earned on the cash value. As a policyholder ages, the insurance charges increase to take into account the increased likelihood that the policyholder will die.

Here's how the variable policies work: Policyholders pay premiums to an insurer, then direct how those premiums are invested in portfolios of stocks and bonds.

Term insurance usually provides a cheap way to buy heaps of coverage. Meanwhile, cash-value life insurance costs much more,because it combines life-insurance coverage with an investment account. But who needs the investment account? Most folks have plenty of other more-attractive investment opportunities, including their 401(k) plan and IRA.

What's an insurance shopper to do? Buy term and invest the rest. That's true even for buyers near retirement age, provided their health records will allow them to get term at good rates.

But buying term doesn't prevent you from jumping to one of those other policies down the line. Most term policies include clauses that allow the holder to convert to another policy type sometime in the future.

Some firms sell term policies convertible until age 67. The key is to make sure the convertibility period doesn't end, which could leave the policyholder in the position of being unable to find coverage.

I do not agree with a blunt statement like "generally speaking, women under age 30 are recommended Variable Universal, and men over 30 are recommended Term life". But you may do some research on the internet and decide yourself.

Ek_mulagi
Wednesday, November 17, 2004 - 12:54 am:   Edit Post Delete Post Print Post  Link to this message

Thanks for the information.

1. is better to invest same amount in Life insurance in India, that one does not have to die to get the money back.

2.What happens to the money if the company ( the one you buy life insurance from)goes bankrupt? what are the chances

3. What happens if we are unable to pay premium, do we get whatever we paid or that money is lost?

4. What if we saved the amount of premium in regular checking , is there a way it will be the same as the pay back?

Can somebody also suggest soem good websites . thanks


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