Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [life-insurance]

to be used for questions related to life insurance.

178 questions
52
votes
6 answers

Life insurance that covers only simultaneous/dual deaths

This is probably a stupid idea ... My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our…
StrongBad
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33
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4 answers

How much life insurance do I need?

What is the best way to determine how much life insurance I need?
travis
33
votes
9 answers

Life insurance as a lottery ticket

Suppose spouse1 and spouse2, aged 55, and children aged 17 and 19. Both spouses purchased 20-year term life insurance 19 years ago. The insurance is no longer needed to support either spouse or children in the event of a spouses's death. The bill…
jsf80238
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17
votes
5 answers

When do I need life insurance?

checked threads before asking: 1 2 3 I have been so focused on running away of debt, that I haven't thought on future events. I am trying to decide when do I know that I need life insurance? My brother just called me and told me he got a policy. I…
Geo
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10
votes
3 answers

I'm 29, single, and healthy. Do I need life insurance?

I'm 29, single, and healthy, with the hopes of someday--ideally within the next few years--getting married. Do I need life insurance? For what it's worth my employer pays a small policy that would give the equivalent of one year's salary in the…
user9385
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9
votes
3 answers

Joint Life Insurance?

Is there such a thing as "joint" life insurance for two people that will pay the survivor should the other one die? In other words, I'd like to buy a policy for myself and my wife for say, $1,000,000. If I died, she would get the benefit, if she…
Avalanchis
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8
votes
2 answers

Is "simplified term life insurance" (i.e. instant buy; no examination) a good idea?

I'm planning to buy term life insurance. I'm in my mid thirties and my wife is in her mid twenties; no kids but we may have one in the next two years. Both of us are relatively healthy, aside from minor issues. My question: a lot of the insurance…
user3190
5
votes
2 answers

Life Insurance - How Much is too Much?

My wife and I recently went through the process of purchasing term life insurance. We have the paperwork filled out, and I wanted to ask the audience if this is a waste of money. Our situation is we own a house, have 3 kids, we are under 30 and…
Mike
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4
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1 answer

Does "no lapse" guaranteed life insurance mean you're always insured even if you miss payments?

What does "no lapse" mean? Does it mean that you will always be insured and the beneficiary will always be paid, even if you miss payments?
BeatriceH.
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4
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4 answers

Do I need my own life insurance if I already have life insurance through work?

My employer offers discounted life insurance as an employee benefit. I pay $70 per year for about $200,000 of coverage. Buying comparable coverage outside of work would cost me about $300-$400 per year at my current age/health status. I understand…
lizziv
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2
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2 answers

What is the best kind of life insurance for someone who is less than healthy?

I'm researching life insurance for a 55 year old female relative who lives in California. A smoker since her 20s and a very heavy smoker for the past 7 years or so, her health is not ideal but at least she hasn't been diagnosed with a terminal…
L. Murphy
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1
vote
1 answer

Ceded life policy denied?

I think a life policy may be denied due to non disclosure by the deceased problem is this life policy was used as a collateral security to a bank, in this case who pays the bank? estate or will the bank negotiate with the assurer? Worried because it…
shaka
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1
vote
1 answer

life insurance unfair treatment

I am the nominated beneficiary of my partner's life insurance. There is no estate, just debt left behind. The insurance company will not pay me even though they're not disputing that I'm nominated sole beneficiary. In fact, during our last phone…
Donna Welman
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0
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1 answer

Where can I find Term Life Insurance with Variable Payoff?

Is it possible to buy term life insurance whose payoff varies with time e.g. as in: $E = (1-\frac{x}{T})(1+r)^x$ where, T = term of policy r = rate of inflation (e.g., 0.03) x = time when policy holder dies
morpheus
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0
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0 answers

Insured is missing in another country

My father created ILIT. He is 91 years old. About 5 years ago he went missing. We think he may have gone to Romania. There is approximately $400K in it. It would be split 7 ways as I have 6 sisters. Problem is that we have no idea if he is alive or…
Grace A Noll
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