Lowering insurance premium a good idea? I started paying my VUL since pandemic. Quarterly paying premiums. I have read some comments/articles about forfeiting their VUL and going for traditional insurance. The money saved from choosing traditional instead of VUL should invest to other financial instruments. Is it a good idea to lower/stop my VUL to have more investments. Please enlig…

Am I being ripped off by being pushed into a Whole Life insurance plan? Hi y’all, I’m very very new to getting a hold of my finances and I’m pretty sure I’m being taken advantage of here but I want to be sure. My friend asked me to take her bf up as a financial advisor some time ago and while he gave some good advice (explaining the concept of FDIC insured accounts, Health Savings Accounts, Disability Insurance etc…

What to do with life insurance from parents? My mom has been paying for my life insurance since I was a kid, I’m now 25 (single, no dependents) and she’s transferred the payments over to me (around $130 monthly). I’m already getting life insurance for free from my work, so do I still need the one my mom was paying for? Are they different things? Is there something specific I should do befo…

Life Insurance Policy Question If mom passed and left a life insurance policy, but didn’t list all the children as beneficiaries, but left a video will saying everything left will be split between her children. Can the only person listed on the life insurance policy get away with taking the whole policy? I was a minor/ orphan after mom passed. Older half sister might have s…

New parents- life insurance? My husband & I are 30 and 34, married for a year & just gave birth to our first child. We want to enroll in life insurance, but we are a bit overwhelmed with all the different options and terms. We are both healthy, mid level career & want to ensure that we can take care of our son and have some financial leverage from our policy. We are leaning…

Term Life Insurance Quick Policy vs Long Term Policy I’ve heard a lot of how whole life isn’t worth in long term, mostly from my years of listening to Dave Ramsey. So if you have a problem argument for that I’d be curious. For the most part. I’m 42 and no direct dependents. But I want to get something for final expenses and prices and nephews. A few close friends. But I wish wash on it and haven…

Surrendering a universal life insurance contract Have a (~$10K contract value) policy that we have not been paying any premiums on and now the annual mortality charge is exceeding the annual interest being paid…so the contract is now losing value. Do not want to pay any premiums, as this was a policy started by parents years ago, and we don’t require life insurance. Any reason not to surrend…

1099 from surrendered whole life insurance policy submitted by /u/Automatic_Repeat_387

Found out I have a life insurance policy from AAA Hey all, So my grandma randomly informed me that she has been adding to a life insurance policy that she made for me when I was a baby. She said it has around $70k invested into it. I am wondering what I should do with it. Also, how do I take ownership of it? Can I withdraw from it? What would the taxes be? I am 24 and relatively healthy. I have…

what’s the best travel/flight insurance hi all, i’m looking to fly from australia to new zealand for a holiday. i’m from new zealand but living in australia and i’m wondering if anyone can recommend a good flight insurance company? i would like to fly from brisbane to auckland with jetstar and from auckland to a smaller city with air new zealand (this will save me over $500 in fligh…

Travel Insurance – Ironic Experience /vent mode on I’ll be taking my first cruise (AK) and have been looking into travel insurance. I worked with a broker and purchased a policy based on her recommendation. She told me to make sure I read and understand it because after the 10 day free look, it’s mine – no refund. So I start reviewing the policy and it keeps referring to a document…

Cancel whole life insurance? Appreciate your time everyone. My wife and I have been planning our retirement, and we’re well ahead of where we need to be so we’re set financially regardless of what the decision is here. The only thing remaining that I am unsure of is if I should cancel my whole life insurance. My parents signed me up for whole life insurance back when I wa…

LA wildfires thrust insurance startup into spotlight as property owners scramble for protection A month after announcing its first funding round and debut insurance product, Stand is seeing a huge surge in interest due to the LA wildfires.

Moms life insurance policy My mom died when I was 13 and had a 100,000 life insurance policy where her mom was the only beneficiary. I just turned 18 and I’m being told that I can claim this policy because I’m her next of kin. But my uncle is saying since he paid for the cremation and other things after her death for obvious reasons that I have to pay him and all her othe…

Our Insurance System Subsidizes Moves to Disaster Zones Our policies encourage Americans to flock to areas particularly prone to climate-related disasters.

How should I be thinking about earthquake insurance? (USA) I live in the Pacific Northwest, in an area at moderate to severe risk of damage in the event of a Cascadia Subduction Zone slip. My mortgage lender doesn’t require earthquake insurance, but obviously I don’t want to be financially ruined if The Big One hits and knocks my home down or off its foundation (I plan to get a retrofit done when I’m ab…

Best Travel insurance for 12 month period Hi Everyone, I am wondering if anyone has experience actually making claims with any travel insurance companies and has either good stories or bad ones to help me decide what company would be best to go with. I had to make a claim in the past and it was a hassle, so trying to do my research on what companies out there have good word of mouth rev…

Getting vision insurance vs paying out of pocket? Hello. I just moved to the US and was unlucky enough that my eyeglass frames broke after a couple of months, so I was thinking about replacing both lenses and frames (they’re 5 years old already). I was thinking if it would be worth it to first get some vision insurance, or to pay out of pocket. I found VSP at just $15/mo which seems pretty reas…

New job, new health insurance? Hey y’all, I’m looking for some advice on health insurance! I (29m) am currently on an employee +spouse plan from my wife’s (28F) employer. I started a new job today and have a wealth of options to choose from. The extra twist is that we are expecting a baby in June. I don’t expect to have high health care costs, so I’m considering switching mys…

Thoughts on “Cancel for Any Reason” Trip Insurance I am in the process of planning a 20th anniversary trip to Italy. In the course of our planning we have found that two (of the three) hotels we are likely to be staying at require pre-payment and offer no refunds if a cancellation occurs. I can understand this as these are small, boutique hotels, but I do want to cover my bases. I have not pur…