Life Insurance

Guide  

Guide  

Q&A
Asked by Andy
Answered by Bradford Creger PRO+
MoneyTips Contributor in Pasadena, CA
Andy, If you surrender your policy and the amount you receive back exceeds what you paid in total premiums there will be a tax. Do you need all of the $160,000 to he...
Q&A
Asked by Beverly
Answered by Claudia L. Schaffer
Insurance Agent in Gardena, CA
It depends on why and what need the insurance is needed for. When my daughter was young I had 300,000 Term Life policy 25 years. I still have $75,000 of Whole life. Bo...
Guide  

Guide  

Q&A
Asked by Erin
Answered by Kirby Thomas PRO+
Online Life Insurance Comp in San Diego, CA
Hello Erin, A bit more detail, to follow Benjamin's answer. You, as the Owner of the policy, have the right to name Beneficiaries; I use caps to denote the parties,...
Q&A
Asked by Erin
Answered by Bradford Creger PRO+
MoneyTips Contributor in Pasadena, CA
Erin, The general answer is NO. Are there exceptions to this rule? Yes. But having a MEC (or Modified Endowment Contract) is NOT one of them. Both of the Agen...
Q&A
Asked by Bobbie
Answered by Darius Slade
Health Services & Management in Richland, WA
Hi Bobbie, Insurance protects us against a loss of some kind - life, ability to work, a home or car. So it's important to know what loss you are trying to address re...
Q&A
Asked by Carla
Answered by Bradford Creger PRO+
MoneyTips Contributor in Pasadena, CA
Carla, No matter what type of insurance you are looking to purchase, the insurance companies are looking to determine the level of risk that they would take on by ins...
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