-ok so my friend next door to my job really wants to sell my life insurance. i have a ******** minimum wage job and im only 22. i go to school. if i were to die lets say 2 months after purchasing the quote...would they get anything? how much around? do you get more the older you live? just trying to see how it works. thanksDepends on the type of life insurance you bought, and how you died.
Life insurance isn't a savings account - it's a bet, whether or not you'll die. A few policies, you have to live at least two years before dying, for the death benefit to be payable. Some policies only cover you, if you die in an accident (piano fall on you often?). No policy will cover suicide within the first two years.
If you have a risky job, your EMPLOYER will be having you covered via workers compensation coverage. If you die, your family gets a payment that way.
Look, life insurance is a TOOL. Before you go to Home Depot and start buying power tools, do you think to yourself, "OK, what project am I doing next? What tool do I need?" Life insurance is JUST like that. What do you want it to ACCOMPLISH for you? What's the GOAL?
Keep in mind, just about all of the first year's premium, goes to your "friend" who's trying to sell the coverage to you.
Unless you have kids or a wife depending on you, you've got no INCOME that you're insuring . . you don't need much more than burial costs. Life insurance probably isn't going to be nearly as beneficial to you, as a retirement account.They will even pay if you die the moment you sign the application and pay the first month premium. If you commit suicide in the first 2 years, they would not pay the death benefit. Instead they refund the premiums.
Be careful of what your friend is sellling you. If it is a type of life insurance policy that build savings in it, don't buy it. They are rip offs and are very expensive. Before buying life insurance, you should ask yourself if you really need it. If you die, who will be financially affected? Do you have kids dependent on you? If you are single, maybe you should think about your family such as your parents. Do they need the money if you die? If not, then you don't need to buy life insurance right now.
If you do need life insurance, get a 20 year or 30 year level term insurance. It will cost about $20/month for $250,000 to $300,000 coverage. At the same time, you want to invest your money in mutual funds for your retirement. You should consider opening a Roth IRA if you live in the United States.
You don't purchase the "quote", you purchase the policy and the quote is just the estimated cost that you'll be paying.
When you purchase life insurance your beneficiary will get paid even if you die the very day the policy becomes effective as long as you die by a covered cause.
If your friend is a life agent it's best to talk with that friend to get more information.
Do NOT buy this from a friend.
I know exactly what company they are using. Don't touch them.
Also, you do not need life insurance (no one does) unless you have dependents than cannot live without your income.
Even worse, that friend is trying to sell you whole life, or cash value.
The only good insurance for you would be term. (again, not from that friend).
----
Your employer will provide the best coverage around.
You can get extra if you want to
Focus on getting medical insurance from your employer. That is truly important
Well this sounds suspicious. Many people try this and than do some form of suicide they think won't be caught and than their family loses the family member and the money because the suicide is almost always noticed even when the person attempts to make it seem as if something else happened. yes if it is a true random death thwy will get some money. No if you kill yourself they get nothing and the world looks at you as an idiot because suicide is a permanent solution to a temporary problem and your family would prefer you over the money I gaurantee it. Any other questions ask your friend. He gets paid to tell you.
没有评论:
发表评论