Insurance - Nerdwallet

Insurance

Insurance is a paid contract that guarantees a benefit if something bad happens (e.g. car accident, death, theft, etc).

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Scott W Johnson
Scott W Johnson
Mill Valley, CA
3 recent answers
Mark Struthers
Mark Struthers
CFA, CFP®
Chanhassen, MN
2 recent answers
Travis Sickle
Travis Sickle
CFP®, AAMS, CRPC, RICP, AIF®
Tampa, FL
1 recent answer
Cheryl Welch
Cheryl Welch
Poughkeepsie, NY
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Dave Anthony
Dave Anthony
CFP®, RMA
Broomfield, CO
1 recent answer
All Questions: Insurance
NewPosted August 19, 2016
Dave Anthony

Dave Anthony

CFP®, RMA

At 48 and 44 it is very difficult to find any mathematical reason to have whole life insurance, especially since you are both young and have time on y...

NewPosted August 18, 2016

They will, but they would also be protected without the trust. I hope you didn't spend any money for this.

Your trust would be helpful if your kids ...

NewPosted August 17, 2016
Mark Struthers

Mark Struthers

CFA, CFP®

The fees associated with these are usually high and so are the commissions that is why they are often sold too often to people who do not need them. Y...

NewPosted August 17, 2016
Mark Struthers

Mark Struthers

CFA, CFP®

My fellow CFA is correct, these things are almost always ONLY good for the commissioned-based advisor. I don't normally chime in when another advisor ...

NewPosted August 15, 2016
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC

There are hybrid products out there - life insurance and annuities that will pay for a set amount of long term care expenses; but not all products are...

NewPosted August 13, 2016
Travis Sickle

Travis Sickle

CFP®, AAMS, CRPC, RICP, AIF®

The facts are probably incorrect.

It sounds like a permanent life insurance policy such as a variable universal life or indexed universal life policy...

NewPosted August 13, 2016 · New York, NY

Thanks for your question.

You may indeed need gap insurance.

Whenever clients have a lease or a loan on a brand new car, I advise them to consider ...

Posted August 8, 2016

Was this an in-network provider?

If this was an in-network provider you would not be liable and the insurance company should have shown on the expl...

Posted August 5, 2016

If your objective is to insure against the impact that dying soon will have on your heirs and surviving family members, then life insurance is typical...

Posted August 2, 2016

You first need to consider whether or not the annuity is qualified (pre-tax) or non-qualified (post-tax). If it's a qualified annuity you may be able ...

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