Discount life Insurance

Related questions

American Income Partners Co-pay Discount/Life Insurance?
I know this has been asked before but there wasn’t any good information given about it.

I recently joined AILife’s Co-py discount program as well as signed up for their accidental life insurance. I do not work for them.

Is this really worth it? I don’t pay anything for the discount program so I’m not losing anything but we pay almost $40 a month for the life insurance.
I am 20 years old and healthy and it is not term life insurance. It’s renewable until I am 70 and it is for accidental death only.

The ONLY way you can know, is by comparison shopping. $40 a month for life insurance is $480 a year. Depending on your age and health and the coverage amount, that could be very good or very bad.

If you’re 30 and healthy, $480 of 20 year term coverage would get you about $750,000 coverage.

If you’re 75, it would get you about $5,000 of guaranteed issue whole life.

Will I get the money from my life insurance back?
I have had life insurance for a year now, which gives me a discount on my car insurance. When I am 21, my car insurance rates may go down and I may not need the life insurance discount from State Farm any more. Will I get the money that I have put into the life insurance back?

Life insurance is not a savings account – it’s a bet, on whether or not you’re going to die, while the policy is active. The money you pay in, goes to pay out OTHER claims, from people who DO die while THEIR life insurance is active.

Best insurance in IL for 3huge dogs,covers for life &preexisting conditions & has multi-pet discount?
Dogs are English Mastiffs one is on expensive pain pills that cost over $100 a month. They are all over 200 pounds so vet bills are quite expensive,would also like insurance to cover routine exams & flea & heartworm meds.

How old are the dogs? Most pet insurance companies will cover a pet for life as long as they are enrolled before a certain age….usually that is 7 or 8. Almost all of them have a multi-pet discount. You are going to be out of luck for the pre-exisiting conditions. None of the insurance companies that I looked at will cover pre-existing. The most common pet insurance is VPI. Some other good ones are SPCA pet insurance, Pets Best, and Embrace. All insurance companies have an add-on option for routine care such as exams and vaccines. You will pay around $10 extra for that per month.

Why is it cheaper to get term life insurance as a business or through a business than as an individual?
It seems much more costly to buy direct as an individual than thru my company. Is my company getting a tax credit/discount? Should I form an LLC to get the same discounted value?

The company is not getting a discount but they are dealing with products that are designed for companies to package to their employees. They may be providing a plan that is not as comprehensive as the individual plans you are looking at. Also the work site products are annually renewable and the individual plan you are looking at is probably some kind of multi year level term or whole life insurance plan which has rates locked in for a longer period of time. Your company may also be subsidizing it to some extent as a benefit to their employees.

I’m not an attorney but I don’t see how making yourself an LLC would give you cheaper life insurance rates.

Should employers offer their employees discounts on health insurance who promote a healthy life style?
Some employers are offering discounts to employees who promote a healthy lifestyle, like no smoking, maintaining a healthy body weight and exercise, in order to control the cost of health insurance. Is this type of cost controlling incentive a good thing or bad?

Legally, they cannot discount INSURANCE rates. That’s rebating.

They CAN choose to pay certain employees extra – however, that could end up costing them a LOT more, due to discrimination laws.

Is it good to control the cost of health insurance? Yes. Is it bad in our extremely litigous society, to practice such discrimantory behaviors? Yes.

Bottom line – it’s going to cost the company more.

Medi-cal insurance question.?
I am planning on getting Medi-cal insurance, I was reading what they asked for and it asks if the person applying has life insurance. I actually do have life insurance, my Statefam agent for my car insurance threw it in for multi insurance discount. My life insurance policy covers 50,000 and I’m 19. Umm, will this affect me in any way? Why would medi-cal ask for life insurance?
Thank you

Because whole life insurance has a cash value to it, which counts as an asset.