The Best and Excellent Life Insurance Quotes In Your Pocket

March 15th, 2010 Posted in General Insurance
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4 Responses to “The Best and Excellent Life Insurance Quotes In Your Pocket”

  1. sor caideniewi Says:

    April 20th, 2010 at 2:43 pm

    Life is precious as we all know. No doubt life cannot be measured with money, but at the same time life is uncertain and hence one has to prepare oneself for the good as well as the bad in life. Obtaining life insurance quotes while alive and safeguarding the dependants of the policy holder is the ideal choice. One needs to get to know the different types of policies that one could benefit from.



  2. nett Says:

    April 27th, 2010 at 6:34 pm

    OK, you only pay capital gains tax, on the GAIN. The gain is, cash out value, minus the $200 a month he's been paying into this forever.

    So, if he's paid in, let's say, $48,000, and the cash out value is $88,000, he pays capital gains tax on the $40,000 difference.

    But, I'd strongly, strongly suggest, that on a straight whole life policy, THERE IS NO GAIN. I'd bet dollars to donuts, that if you add up his cost, his cash out value won't be even equal to his cost. That means, no gain, no tax.

    Run the numbers. Get the cash surrender value, compare the paid in amount. There are no "penalties" here. If he's actually made a profit of even $10,000, long term capital gains on that is what, 15%. You'd pay 15% of your GAIN, or $1500. You can take it out of the cash out check.

    Now. Second issue. WHY does he think he needs term life insurance? Has he gotten any quotes? At 61, it's NOT going to be cheap – and it's highly possible that the whole life is actually costing him LESS at this point, than the term would. If he truly needs life insurance – a substantial amount – at his age, he needs to determine how long a term he wants it for, get the term quote FIRST, and then see which policy best meets his GOALS.



  3. siero Says:

    May 1st, 2010 at 9:52 am

    Stop peddling Term Sell Cash Value life insurance



  4. andelichte Says:

    June 19th, 2010 at 6:46 am

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