Father in law wants to open a life insurance policy for my newborn, pros and cons? Father in law asked for my newborns ss number, when asked why he wants it, he said he wants to open a life insurance policy for her. I’m not giving her ss to anybody, but what are the pros and cons of having one set up? I’m leaning towards a 529 as a better option – opened by me, the father. submitted by /u/cbradio86

My parents don’t have jobs but need medical insurance/aid, what are their options? Dad is 64 and turns 65 in August of next year. My mom is 62. They have been living using my dad’s 401k but don’t have any health insurance. Unfortunately, they can’t afford health insurance even with the 401k savings. Dad doesn’t plan on applying for Social Security until he qualifies for Medicare. What are some options for my parent until my da…

Travel insurance claim guidance Hi all, I’m looking for a bit of guidance around claiming on Travel Insurance as it’s not something I have ever done before and looking into my policy it seems like there is a knack to choosing the right section to claim against etc. Essentially, our flight was cancelled on the day of departure due to a plane skidding off the runway and the Airp…

Receiving ~8k from life insurance policy from father My father passed away a few weeks ago and I received his life insurance policy. It was not much; just enough to cover funeral expenses and having the aforementioned 8k left-over. I am planning to use it to pay off the following: Credit card debt: 2500 Dental bill: 900 Excise tax: 400 This will only leave me around 4k left-over. I do not have an …

Is it worth it to pay for Travel Insurance? I’m visiting Philippines this December and I’ll be staying there for about 30 days. I already booked my flight last June but my friend recommended me that if I’m staying for that long I should get a travel insurance since their airports are known to have employees that steals passengers’ luggages. And there’s also a lot of pickpocket or robbery …

New to Dental Insurance, how does this work? Hey all, I’ve recently gone to the dentist a couple of times for the first time since joining my new company and its dental insurance plan, Delta Dental. I’m confused about this whole process as nothing seems to add up. I’ve gone three times now: 1) X-rays and Debridement In-person: $91.60 They filed a $505 Claim, a network discount of $259, a…

Should I get dental insurance? Just went to dentist for cleaning and have quite a few cavities that need to be filled. I’m self-employed and don’t have dental insurance so it’ll be about $3500 out of pocket. Would I save money by getting dental insurance before I go back next week to get them filled? Or should I just take the L and pay the $3500? submitted by /u/freedo…

Auto insurance – Is this adequate? 2008 ford escape hybrid Property Damage Liability $50,000 each accident $225.00 Bodily Injury Liability $100,000 each person,$300,000 each accident $171.00 Uninsured Motorist $100,000 each person,$300,000 each accident – Nonstacked $100.00 Personal Injury Protection Extended,$10,000,Named Insured & Resident Relatives,$500 deductible $46.00 Medic…

Made an insurance claim.. and now having hard time getting insurance renewal This is more of a vent than a question. So last year I was hit by a car while riding my bike, this caused a number of injuries and property damage, but the biggest injury was a broken collarbone that had to be surgically repaired. The driver hit a number of cyclists but only had $50,000 of liability coverage. luckily I had uninsured motors cover…

High Auto Insurance. I’m an 18 year old male no accidents and never been pulled over for a ticket. I was looking at quotes for a 2013 Chrysler 300 (financing) that cost around $1200. Every insurance company I call for full coverage quotes me at around $500-$550 a month. This seems a little excessive if it’s just due to my age. I know people with full coverage financ…

Insurance Company Drops Woman For Simply Owning A Kia Insurance companies continue to screw over owners of Hyundai and Kia vehicles; either Kia owners are outright being denied coverage—like myself— or they’re finding themselves suddenly dropped from insurance companies that they’ve been customers of for years. That’s what’s happened to one Kia owner in Washington state… Read more…

My car insurance was terminated. Can someone explain this situation to me? I have one speeding ticket from two years ago, and recently got into a minor accident for which I was deemed liable. A few weeks after the accident occurred, after I filed the claim and after the car was taken to a salvage yard for estimation, I received a call from my insurer telling me that they would no longer cover me, and my insurance was b…

my mom pushed me into getting indexed universal life insurance when I didn’t want to. I’m 18 (F) and I didn’t have a say in getting iul lif insurance. My mom has a friend from the national life insurance group and they told her to put me into an iul insurance. Both my mom and I are pretty financially illerate too. i dont know how much i can trust them since i know they get commission whenever they get someone. they’re saying how…

Should My Partner Include Me in His Car Insurance? I have a driver’s license but don’t own a car. Occasionally, I drive my partner’s car, but it’s very rare—probably less than 10-15 times a year. I’ve read online that it might not be necessary to include someone on the insurance policy if they drive the car so infrequently. Can anyone provide clarity or share their experiences on this matter? …

Travel insurance when you’re not working I see a lot of travel insurance say insurance for digital nomads etc. I understand it to mean that you’re working remotely. What if you’re not working and want to travel long term? Does it matter as long as you pay? Would you still be covered when you’re not getting money from any unemployed/sickness in your country). submitted by /u/Litt…

Car insurance canceled randomly, how should I proceed? I have car insurance with progressive, I just got back from vacation to realize that my car insurance has been given notice of cancelation and then canceled. The mail I got says to “please call us to avoid an increase in premium or cancelation” I have been with progressive for over a year and have renewed twice within this time. It’s currently w…

Is trip cancellation/interruption insurance really necessary? I have travel medical insurance through my health benefits so I will be protected medically. I am traveling Europe for 6.5 weeks next spring, as well as Asia for 6.5 weeks next fall. The flights and accommodations for Europe is around $7k, and I estimate my Asia trip to be around $5k (have not booked yet) I am traveling solo, so I don’t have to…

Renter’s insurance claim for living expenses I need help deciding whether or not to file a renter’s claim to pay for living expenses while the home we rent is being repaired. There was significant water damage to the floors and the floors are currently being removed and the subfloor is being repaired. The water came from the AC leaking. We cannot live there for 3-4 weeks. Our landlord ask…

Auto insurance Premium up by 25% – Calling the Insurance Co. Just wanted to share with everyone that it is important to question insurance premium increases when you can and either evaluate the appropriateness of your coverage and/or fight for every possible discount that you are entitled to. I received my renewal quote from Progressive today, I have normally been passive about the premium increases beca…

Travel insurance recs Anyone buy and have to actually use their travel insurance and have a good exp? Need something decent for out of country coverage. Looking for recommendations, thank you! submitted by /u/BetterDays989