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| Thread ID: 112358 | 2010-09-02 08:58:00 | Life Insurance | Greven (91) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1133985 | 2010-09-02 10:39:00 | Nomad. I was working it out on a spreadsheet while keeping him on the phone. Always hold out the hope that they just might get a sale. I kept him going for nearly half an hour before I finally said for them to send me a brochure via snail mail. He said he could not do that but for me to drop into one of their branches and enquire. Possibly he still thinks I might do that. I don't think I will be even though it's the people I bank with. |
Snorkbox (15764) | ||
| 1133986 | 2010-09-02 10:46:00 | Nah .. get them to print you a projection page or two. Drop into the office? I thought those guys come to you house and serve you. They are sales people. You look at their laptop and they have may a few diff sponsor stickers on it :p look at the icons on the desktop and they have a couple of diff providers too. |
Nomad (952) | ||
| 1133987 | 2010-09-02 11:01:00 | I don't think I will be even though it's the people I bank with. I caution that. Their underwriters are someone else. :waughh: Many moons ago, I had a short stint working there. In the office you have a few printers, every tray and manual feed with diff company letter heads. And, woolah. Bank 1, Bank 2, credit card a, credit card b. There's your letter pal, there's your insurance certificate pal. And you know what? In their system, they wack in diff access code or a diff number and you switch to a diff bank or insurance company ...... |
Nomad (952) | ||
| 1133988 | 2010-09-02 11:11:00 | I don't have a credit card. And nobody has my PIN either. | Snorkbox (15764) | ||
| 1133989 | 2010-09-02 12:42:00 | Who here has life insurance? I decided to look into life insurance for myself & I was surprised at the difference between flat rates & annually increasing rates. I will probably just get basic life insurance now - enough to cover the mortgage & a basic funeral & reassess my options if I ever have any dependants. Pinacle is looking like a good option. I'm not a believer in life insurance but.... ....it has its place. The younger you are the cheaper it is to buy straight cover. No investment add-on, no gimmicks, just an annual premium like you'd pay for your car or house. In my opinion you need enough to cover your mortgage plus a bit for safety. Not good dying and leaving your wife with 3 children and debt. Once your children are old enough, and the mortgage is modest, cancel the cover. You'll be about 90 by then. :D |
Winston001 (3612) | ||
| 1133990 | 2010-09-02 22:35:00 | Well said Winston. I agree at post #8 above. | Scouse (83) | ||
| 1133991 | 2010-09-03 14:53:00 | Life Insurance is the only bet you win by losing- It is a neccessary evil if one has a young family and a mortgage. Food for thought - one should cover the mortgage on one's wife's life as well plus final costs- society is not nearly compassionate to a man left with a young family, as it is to a widow with a family - if one's wife meets an untimely end, then the previous Mortgage payments will go a long way towards child care. Suggested opening wording for a will: " Being of sound mind I spent it all while I was alive, I bequeath my debts as follows |
KenESmith (6287) | ||
| 1133992 | 2010-09-03 20:44:00 | I imagine it's like any other insurance, you pay premiums forever and then when it comes time to claim, they find an excuse not to pay you. We have none. As for funerals, our corpses go to Med School, so no cost there. If our corpses are not in a condition for Med School to want them, then we'll just have them burned without any ceremony or fancy boxes. |
pctek (84) | ||
| 1133993 | 2010-09-03 21:03:00 | I have a few insurances, Life, TPD, and it's not even 8AM so I forget the others aside from the usual car / contents insurance. I'm not a high risk working with computers in a professional manner (Desk job mostly), so it's not a lot for me to have cover so that in the event the worst happened, my wife would be taken care of. If I get totally disabled and unable to work, at least we would be able to live happily throughout the rest of our lives. I know that when we end up getting a mortgage, if one of us were to kick the bucket early, the other wouldn't be stuck having to pay off a huge mortgage on their own, as it looks like we'll only just be able to pay it with both our wages at first. It doesn't cost a lot for me, I've investigated it, and have a long-time friend who is a sound broker. Yes, they get a very small percentage, but I trust the advice that he's given, as I've asked others about it also. I have a small about of "Level growth" insurance also, so that it won't increase in price as I grow older. I sat down with him and we did the math and somewhere around the age of 35 it becomes cheaper for me to keep the level-insurance, then when I'm around 40 / 45 I could look at dropping my stepped growth insurance if it became too much, or my requirement for such insurance became insignificant. Definitely worth chatting with a broker, specifically one who's part of a larger financial group. They kind of "band together" and because they're all one "group" of insurers, they get better discounts off premiums from insurance providers. The broker can also advise you of the different benefits you get with varying providers, such as some give you additional funeral benefits, better things if you're permanently disabled, some will insure your kids under your 'umbrella' until they reach 13 ... |
Chilling_Silence (9) | ||
| 1133994 | 2010-09-03 23:03:00 | Hi pctec re: we'll just have them burned without any ceremony or fancy boxes. Be prepared - do the box yourself and use it as a bookcase in the meantime: Attached file: Coffin_bookcase.jpg (www.imagef1.net.nz) (21 KB) |
Scouse (83) | ||
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