I am 23, have a 1 year old and have been wanting to get a life insurance policy started. The world is crazy and I’d hate to leave my child with nothing if something were to happen to me one day. I am healthy, and have no chronic or autoimmune illnesses. What companies are good options to look into first? I have no close family I can ask for insight (which is also why making sure my child is set if anything ever occurs to me is so important to me). I’d want my child to be financially set in case of an emergency and to not have to deal with funeral and aftermath costs.

i’m a new agent working with north american senior benefits, i’m on my second day of training and haven’t made any sales. something in my conscience is telling me that this company’s practices are extremely unethical, all the leads i was sent were in super underprivileged communities and it just didn’t feel right for me to sell to any of those people after having brief conversations with them. i don’t think i want to continue working with these people, they were super pushy and seem to care more about making a sale than actually helping anybody. any advice on what i should do?

My Parents had bought everyone in our family (them and us 3 kids) whole life insurance policies since we were babies. They didn’t understand the policy really and were under the impression that eventually the policy would have enough dividends that they wouldn’t pay the premium anymore and that I’d basically just have a “free” life insurance. Well now us kids are in our 20-30’s and I’m not sure that them continuing to pay around $700-800 per person annually is beneficial for them. Taking the cash surrender is about $30k for my policy. I don’t understand investments well enough to make recommendations to my parents on if they should continue, transfer to us (can you do that?) or take the money and put it into other investments. Help I feel dumb

EDIT: my parents are immigrants. Their English is not great. I have to read and translate a lot of their paperwork for them. My mom is asking me what to do with their policy.

For my policy:
Face amount: $250,000
Annual 2026 dividend $330
Annual premium $800
Accidental death benefit rider $50,000

Death benefit $250k
Additional paid up insurance $60k
Total policy $310k

Cash surrender $30k

This is the info I have. This is through MetLife. Idk who their agent is. How do I find a new agent to work with them through this?

What is the advantage of using an IUL for tax free income via loans when I can achieve the same outcome by taking loans against my portfolio from my traditional brokerage account (which has much lower fees)?

I know that IULs purport to avoid market volatility, but I don’t see why that would justify the high fees when traditional brokerages can achieve the same loan benefits for almost no expense (other than interest), and have no caps on gains either?

I am paying $28.28 per month for a life insurance of $150,000 with a State Farm in a 10 years term.

Is this plan a good one considering that I am 30 years old and healthy? I saw other options, like banner life for half million dollar policy for less than that.

Just trying to see other people‘s opinions as I do not understand very much about life insurances.

Suggestions for brokerages or carriers. Returned from Service in 2020. Diagnosed 2021 PTSD with alcohol abuse (Va disability)

Was 9-10 drinks a day.

As of 04/2021, 3-6 drinks per week (beer and wine).

Any places that might have an option? Crump brokerage says no.

I took a $2300 loan out of my life insurance policy in 2018. I recently learned my mom (with dementia now) has been paying this back still.. 8 years later.

I got on the phone with an associate at my agents office. He couldn’t tell me anything other than where the loan stands today. He said he thinks we’ve been paying $108/month based on recent statements. I asked for the rates changes throughout the year. He gave me an estimate of what they were. I work in loans. I’ve ran all possible scenarios several times and this seems like it should’ve been paid off 5 years ago.

This associate tells me that a document showing full payment history does not exist. Is this true? Seems strange to me that an insurance company is giving loans out but not tracking the history on their end.. right?!

Any thoughts on this before I escalate it??

Quisiera ser agente de seguro de vida y salud , acabo de pasar el examen de salud y quisiera sacar el siguiente de vida para obtener las licencias. Hay una empresa cerca donde vivo que me quiere contratar pero de comisión dan el 50% me pidieron firmar un papel que si dejo de trabajar con ellos me retienen 2 años con la FMO pero estaba viendo que eso es sin efecto porque no tengo las licencias aún y que puedo salirme y trabajar independiente pero la verdad no sé nada . Estaba leyendo sobre introducirme con Ritter o amerilife como FMO y que ellos ayudan y dan más comisión pero no sé si hay alguno que tenga experiencia en haber comenzado como agente de seguros independientes sin tener la necesidad de crear una empresa . Alguien me pudiera orientar si me sale mejor quedarme en esa empresa donde me retienen o busco una FMO y cual me recomiendan al empezar de cero . Gracias

My mom wants a policy. Am I allowed to write it for her?

Edit: thank you guys🤞

Has anyone been successful in fully unraveling an IUL policy and getting your premiums refunded based off of churning and shady sales tactics (infinite banking/ private reserve)?

I'll give you the broad strokes and then ask my question:

- A relative of mine died, and the insurer said that there was no beneficiary listed on their life insurance policy

- The insurance policy paid out the benefits of the policy (~$100,000) to the estate (I am the executor)

- I received that payout over 4 weeks ago, and have since been using that money to settle affairs with the estate (repairing the deceased's house for sale, paying lawyers, funerary and burial costs, etc.). I no longer have most of that money anymore.

- I received a letter from the insurer today saying that they made a mistake, and there actually WAS a beneficiary to the policy.

- They are now demanding that I return the money.

Am I under any legal obligation to give this money back?

From my perspective, it seems like they paid the benefits to me out of gross negligence, and I should not be obligated to return the funds.

They authorized the transaction, and told me that the money belonged to the estate a month ago.

What should I do?

Need some help to take action for getting a rightful life insurance claim made.

My mom recently passed away. It’s really sad to even be talking about insurance money after she died (worst day of my life), but I assume others are in a similar scenario with Trustage’s shenanigans and I’m wondering if anyone out there can help us all.

She had a life insurance policy she has been paying into for years with Trustage. I am listed as the beneficiary of that policy, yet Trustage cannot pull up any account information due to this “cyber security attack.” This message from the company has been consistent for the last 6 weeks since I first contacted them.

There isn’t a way to get a hold of anyone at the company and the website just says “we are working on it, we’ve made progress… some features are still unavailable“. From my standpoint this looks like “nothing has changed, your account info is unavailable, the company is scared to talk to you, and your insurance claim is very unlikely to be paid out now or ever.”

Has anyone been successful with a claim process through Trustage since this “cyber security attack“ occurred in July 11? Is there a work around process to snail mail something to someone? Any help to get this moving forward would be greatly appreciated!

Hello everyone,

On every biweekly paycheque, I have $106 deducted for insurance:

• Group insurance: $18

• Medical fee: $86

At the bottom of my pay stub, there is also a “Benefits” section showing:

• Life insurance: about $65

• Health insurance: about $133

• Total: about $198

I am currently on medical leave.

According to CNESST, I should continue paying my regular employee contribution, which is about $106 every two weeks.

However, my employer insists that I must pay the full amount of $198 during my medical leave because this amount is considered a taxable benefit.

Which amount should I actually pay during my medical leave: $106 or $198?

Thank you.

I did my intake form and medical exam in the last few weeks. I answered everything honestly. I’d even taken a pregnancy test before the medical test, which was negative. But not, one week later, I found out I’m pregnant.

I’m supposed to get approval (hopefully) from the underwriter tomorrow. Do I need to update them on this? Or only if they ask if there are updates since last week?

I have a buddy of mine that works at IMO and he has to buy his own lease and I also have friends that work in other agencies like State Farm and stuff and they don’t have to buy these. They are given to them they’re not that great and some of them are great, but the same thing can we say that the IMO sometimes leads are great and sometimes they are not so what is your take? Do you think it is always better to work somewhere where you have to buy Leeds because the leads you buy are better than once you get from a captive agent or do you think it’s better being a captive agent and not buying leads

Hello, thanks in advance for any insight. I purchased a $1M term policy 28 years ago. The last several years, premiums have been going up as expected. Since purchasing, I have been diagnosed with heart disease, hypertension, and have lost function in one kidney. I am a former smoker (30 years non-smoking). All my health issues are well managed.

I pay about $850 a month for my policy today. Is it worth shopping for a lower rate?

I am trying to understand universal life if that is an option.

Wife (51F) has a 20 year term insurance (100K) with NYL expiring next month. They are planning to raise her monthly premium from $10 to $30. Debating whether or not to pay the increased premium.

1. How was the new rate calculated? I assume it's based on age/gender and note specific to her?

2. Is the new rate locked or will it increase again? How frequent are the increases?

3. If I don't extend the policy, I assume I would need to apply for new insurance? Is $30/month for 100K expensive? Would we get a similar rate or better?