Paid Homeowners Insurance and then so did my bank… My HO insurance is due Nov. 1st. For some reason my bank thought it was due yesterday the 17th. I knew this cause they sent a letter in the mail reading me the riot act about maintaining coverage. No matter, I made the payment on Monday the 16th, or so i thought… Just got an email from the bank that they paid my HO insurance out of the escrow…

Should I cancel my whole life insurance I am in debt and trying to pay it off. More then I should be but the specifics don’t matter. I do have extra each month but I want to pay of the debt as quickly as possible. i am 46. I have no dependents or spouse. I was sold whole life as a way to help save for retirement but i have over 500K in a 401K right now. I am thinking I should cancel t…

Was sponsored a life insurance by a friend, is this possible and what should I do next? I just got off a call after this number was calling me a bunch of times this week and they just informed me that a close friend of mine sponsored me a 5k life insurance. I was so confused and just made a meeting with them for Wednesday. They informed me that it is free but I am kinda scared this whole this is a scam or something. Hopefully this …

Did you make a plan with your partner on how to use your life insurance? Hey Folks, For those of you who have life insurance and no real savings, no home, but you might have a life insurance policy of 800 or 900k. What would you advise your partner to do with it in the event of your passing? Should they buy a home with a high deposit for the kids? Should they just live off the interest? College/their own retirement?…

Insurance related question There was a medical emergency while we were flying, someone had to be attended to so we were routed back to the departure origin. We spent more than 12 hours before we were able to fly and I got separated from my companion and he waited 6 hours more, why is this not claimable under travel delay? Not the airline fault and not our fault also but a…

Life Insurance at 24 y/o I (24f) have a life insurance and have been making a monthly payment of like $54 towards it for a little over 2 years. The only reason I got one was because my mom, who has life policies for herself, my siblings and dad, told me it’s pretty much needed for my future. She said that when I want to buy a house, I can use that money I accumulated as…

Flight insurance on my ticket ? Hi guys I’m traveling to Sri Lanka this winter. My ticket is about $1300 it’s non refundable . I was wondering if paying the extra $400 for it to be refundable incase something happens . submitted by /u/Complex_Income_2360

Car insurance debacle If this is the wrong place, I’m sorry! So I was paying for car insurance via payroll deduction to MetLife. My pay varies due to overtime so I figured it continued. Recently changed jobs so I contacted farmers as they bought out MetLife in July 2023, only to find out that they had not taken any payments since Aug 2022. They said ‘something went …

LPT: If you don’t drink, tell your insurance. Just found out my insurer offers a discount for people who don’t drink. I can’t even drink due to meds I take. Saving like $40 a month for just telling them that I don’t drink, which is the truth. submitted by /u/HerrBerg

Options when you can’t get term life insurance My husband (46M) and I (39F) are trying to figure out our financial future now that we have a kid (1M). The last thing I think that we need to figure out is life insurance. I have two policies (one through work) that cover me for ~500K, a small (30K) policy through my work that covers my husband and 30K (in two policies) that covers our kid. My …

Life insurance with long term care Throwaway because some things in my main might link back to who I work for. Company is offering Term Life with LTC. Our open enrollment period for just this benefit ends today (been a busy week and haven’t had a chance to look into it) I’m 33, making $170k plus stock grants. My wife (32) makes around $45k. I’m relatively healthy (no illnesses/c…

A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

Can I upgrade my insurance before I have surgery? Hello! I am having planned surgery in April 2024 that will be covered by my insurance. The company I work for has two health care plan options (both through Cigna). Plan A is a low deductible plan, and is more expensive and plan B is a high deductible plan and is cheaper. Last year, I chose plan B and then I started to contribute to my HSA so th…

Should I change Jobs over Losing In-Network Health Insurance Recently found out that my company’s health insurance provider, UHC, will be terminating their contract with the only hospital in driving distance to where I live. I’ve been fortunate enough to stay out of anything beyond routine checkups and my dependent hasn’t been for a few years (knock on wood). I’m trying to weigh my options and I may have …

Sister had a stroke and did not have health insurance! So my sister(36) Had a stroke, which left her disabled. She was living in Texas at the time and didn’t have any health insurance now she has been transferred to California and has medi-cal. But she still has to pay that bill in Texas. The problem is she is disabled and can’t work. Is there a way that the hospital can forgive her bills because of…

Whole Life Insurance Never Worth It??? I (26M) have a wife (26F), no kids, no mortgage (renting), and no debt outside of my car payment. We do plan on buying a house in the next couple of years, and having kids is still up in the air. My wife and I make about the same amount of money, but in the next 5 years her salary should be double what it is now. I currently have a whole life po…

Is Life Insurance from NW Mutual a scam? I’m confused! Help please! I’m 26 and recently got life insurance through NW mutual but I’m not sure if I’m making a good move for me down the road or if I’m getting scammed. I signed up for permanent life insurance with NW mutual on a prem. Of 173/month to “lock in my rate”/ start saving early towards retirement. The key for me was my NW rep informed me that…

I need help with the logic against whole life insurance. Someone who wants to be my financial advisor is pitching a whole life insurance policy to me. I know generally that they’re inefficient and expensive. But I’d like to have a specific retort for her claim. She is saying that because they are not correlated to the market and I can take a loan out or withdraw from them in a hypothetical market down…

Is it normal to not know what the expenses/fees are for whole life insurance? My signifigant other was on a meeting with their financial advisor, for background they are paying $300 a month for one whole/permanent life insurance. They raised the question “how much of my $300 is going to my cash value, how much is going to fees” and the financial advisor simply told them “Northwestern Mutual does not disclose the exact exp…

What’s the best insurance company for worldwide travels? I’m travelling quite often and the insurance companies are usually super annoying to deal with. Does anyone know a company that actually deals with your claims/answers the phone/replies to emails and all the basic things the should do? I’m really tired of dealing with different companies each time something happens so I’d like to buy an annual w…