I don't understand the question but will try to help. Life Insurance is typically purchased to cover those left behind by your death. (Spouses, children, family...etc). It also can be purchased to simply bury you without your family having that financial burden.
To calculate what one typically needs, a financial needs analysis is usually done. For example (very rough/simple version): $100,000 to pay off the mortgage for my wife, $100,000 for my child's college education needs (4 year old), another $100,000 to cover day care costs if I die now and my wife has to go back to work, $500,000 to cover ten times your salary is you're making $50k per year, $25,000 to bury you and a nice plot/headstone...etc, $50,000 to payoff debt that you leave behind for your wife...etc...
You can then see a 1 child family would have a possible need for $925,000 if you died right now. Of course, there are SO many things to either add or subtract depending on your desires, but your question has to be: What would my family need to keep going without damaging their lifestyle and/or covering your lost income (now that you're dead and can;t make more money over the lost years).
fortunately term insurance can be pretty cheap and last up to 30 years. Permanent insurance options are more expensive so it's better to lock into that policy in younger years when your age is younger. No matter what, I believe everyone should get life insurance as soon as they can afford it and make plans along the way to change it or add to it as needed.
Hope this helps...
form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_
AAA offers 3 types of Life insurance solutions to meet everyones needs. Term life insurance covers a person or family for a specific perios of time. Whole life and Universal life products are for a person or family who wishes to build cash value for a lifetime.
Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.
you can't. The person needs to be out and off probation to be able to get life insurance.
The agent needs a life insurance license. He also needs to be registered with FINRA. The insurance license is issued by the state insurance regulator. He will need to take a life insurance class that is typically a one-week class and take an exam. To be registered with FINRA, he will need to either self-study or take a class and take state securities exams and general securities exams.
The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.
neither,he needs car life insurance.
The need of life insurance is based on each individual's specific situation and desire to protect their dependents. Life Foundation has needs calculators to find out your particular life insurance needs.
That depends upon the terms of your loan; typically additional insurance called "credit life" needs to be purchased on the value of the loan.
Good term life insurance is insurance that meets your needs at the lowest possibe cost.
Pension Maximization- it is a sales' concept' created by the insurance industry. Typically intended to sell products through analogies or finding needs for life insurance, in this case the sales concept is something you should be aware of, it can save you a lot of money.
It is better to get life insurance that is suited to your needs rather than getting one that is just cheap. Cheap means you get what you pay for. Companies like Geico offer life insurance. To get the best rate you typically need to be a non smoker and in shape. Also be honest and disclose any diseases.