Low cost life insurance

Every person who knows to ensure that their future is secure should obtain a low cost life insurance policy. The benefits from obtaining this policy is enormous. People do benefit from a life insurance policy if anything were to happen to them or if the policy matures after a fixed period of time. However you may not be able to afford a life insurance policy due to its high rate, so how do you go about ensuring that this is possible for you.

Low cost life insurance from One Dollar Globe Insurance Company provides the best low cost life insurance which is very beneficial for all categories of people. They offer the best economic cost for the life insurance premium and thus common people are able to get a life insurance policy for them and also for their entire family. Having savings is a good way to provide for your loved ones once you are gone, but insurance is another route that can supplement or replace fixed assets.

So check out the low cost life insurance offer, you will not regret it.

    41 thoughts on “Low cost life insurance”

    1. 28 yrs. old, 6’0″ 295 lbs., non-smoker, no medications, WI resident, no dangerous hobbies, safe occupation (low pay), college graduate.

    2. If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I’m thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.

    3. When it comes to auto insurance (state of California) which car would be best to purchase used or new for a 16 year old which would be a manual transmission. We all know insurance for a minor is outragous and we would like to train our young adult on a stick first so they know how to drive both stick and automatic in their adult life. What car do you think new or used would be the best on auto insurance? Please be specific on the make and model of the car? Thank in advance for your answers

    4. The individual lives in Los Angeles and does not have any major preexisting health conditions if that helps.

    5. My friend has a term life insurance policy that is less than 2 years old. She entered the hospital recently for a newly diagnosed bipolar disorder and had admitted to thoughts of suicide. Within 2 months of her stay and diagnosis, her term life insurance policy was canceled by the insurance company for reasons of risk. Can they legally do this? I read the policy, but am unclear whether they have the right to do this. Thanks.

    6. If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I’m thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.

    7. I have seen many questions here along the lines of either (a) a person died and had life insurance, but I do not have the policy and do not know what company sold the policy, or (b) a person died and I do not know if that person had life insurance.

      How much of the profit that life insurance companies make is because the company does not receive a claim when an insured person dies, either because the beneficiary did not know that there was a life insurance policy, or because the beneficiary does not know what company issued the policy?

    8. If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I’m thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.

    9. 28 yrs. old, 6’0″ 295 lbs., non-smoker, no medications, WI resident, no dangerous hobbies, safe occupation (low pay), college graduate.

    10. My father just retired, but he is stubborn and against getting a life insurance policy. I would like one to cover expenses he may leave behind and to take care of his wife, but he just doesn’t see the need for some reason. His wife (my mother) is also the same way and they are too old fashioned and set in their ways to change their way of thinking. My parents are not rich and does not have a lot of money saved up. As a result, I may have to pay it myself even though I am supporting my own family on a single income. Obviously, the older one gets, the more expensive a life insurance policy becomes. Does anyone know of any good, reliable low cost life insurance companies out there? He doesn’t have any major problems, but it would be best if there are some that doesn’t require any health checks.

    11. Servicemembers’ Group Life Insurance (SGLI) is a program of low cost group life insurance for Active “Duty and Army Reserve Soldiers. SGLI coverage is available in $10,000 increments up to the maximum of $400,000. SGLI premiums are currently $.065 per $1,000 of insurance, regardless of the member’s age.”

      I got that directly from Goarmy.com Can anyone explain this to me? It says you can be covered up to 400k? Does that mean If I die, my family will get that much money? How does all this work?
      The military could end up paying your beneficiary over 500k… That’s a lot of money. Soldiers die almost every day.

    12. I need to know if there’s benefits like low cost life insurance or leap pay or paid vacation or things like that

    13. I signed up for the expensive Variable Life Insurance policy when I was making lots of money. Now that my earnings have dropped, the Variable plan is too expensive. I have some health issues which will prevent me from getting a reasonable rate on a new term life policy. Is it likely that NW Life will allow me to convert to term at the “health standard” that they used to sign me up 15 years ago?

    14. Servicemembers’ Group Life Insurance (SGLI) is a program of low cost group life insurance for Active “Duty and Army Reserve Soldiers. SGLI coverage is available in $10,000 increments up to the maximum of $400,000. SGLI premiums are currently $.065 per $1,000 of insurance, regardless of the member’s age.”

      I got that directly from Goarmy.com Can anyone explain this to me? It says you can be covered up to 400k? Does that mean If I die, my family will get that much money? How does all this work?
      The military could end up paying your beneficiary over 500k… That’s a lot of money. Soldiers die almost every day.

    15. If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I’m thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.

    16. a. depositors will not lose any money even if their bank goes bankrupt
      b. people can have deposits at commercial banks
      c. commercial banks will not go bankrupt
      d. depositors of commercial banks can obtain low-cost life insurance
      e. commercial banks will not lose any deposits

    17. We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we’d be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

    18. Servicemembers’ Group Life Insurance (SGLI) is a program of low cost group life insurance for Active “Duty and Army Reserve Soldiers. SGLI coverage is available in $10,000 increments up to the maximum of $400,000. SGLI premiums are currently $.065 per $1,000 of insurance, regardless of the member’s age.”

      I got that directly from Goarmy.com Can anyone explain this to me? It says you can be covered up to 400k? Does that mean If I die, my family will get that much money? How does all this work?
      The military could end up paying your beneficiary over 500k… That’s a lot of money. Soldiers die almost every day.

    19. 28 yrs. old, 6’0″ 295 lbs., non-smoker, no medications, WI resident, no dangerous hobbies, safe occupation (low pay), college graduate.

    20. 28 yrs. old, 6’0″ 295 lbs., non-smoker, no medications, WI resident, no dangerous hobbies, safe occupation (low pay), college graduate.

    21. 28 yrs. old, 6’0″ 295 lbs., non-smoker, no medications, WI resident, no dangerous hobbies, safe occupation (low pay), college graduate.

    22. I’m just curious about the following scenario
      Lets say someone has a life insurance and get a death sentences.
      Would the life insurance policy be automatically void?

    23. My sister has the death certificate of my parent, could she claim the life insurance without me knowing? We suspect there may have been more than one policy so would it be possible that the solicitors wouldn’t have to know about all of them… Or does the deceased solicitors always have to be contacted when a claim is made? Or is it possible that no solicitors have to be involved?

    24. I am considering selling some of my annuity payments for a lump sum, but required to have life insurance policy as collateral. I currently have a policy which is more than needed to cover the amount needed, but dont know much about using as collateral. What types of policies are assignable? I know you can designate a beneficiary on the policy, but dont know if there is a certain type of policy needed for this purpose. Any info is greatly appreciated and thank you in advance.

    25. People always ask about whole life vs. Term Insurance and the insurance salespeople always defend Whole life and trash Suze Orman (not a fan of her anyway)… But they fail to prove the point with real hard numbers. Show me how Whole Life beats Term with the additional premium saved being invested in a Total Stock market index fund or other no load investment at a Vanguard or other low cost provider.
      BTW – I understand it very well. Financial Analyst picked up on my point in his first sentence.
      I meant Financial Answer Guy, see above.

    26. If I make a will and a life insurance policy in Florida, would both of them be valid in Hawaii or would I need to update it? Sources?

    27. Say my mom has a life insurance policy for $100,000 and she passes away. She is not married and I would be the beneficiary on the policy. If she has individual debts like medical bills and car loans, would the policy pay those first, or would the funds pay to me? There really wouldn’t be any other money in the estate besides the policy, and I want to make sure we plan everything right. Not to be morbid, I just don’t know.
      Thank you guys! It was so helpful and really eases a pretty difficult time for us!

    28. Health Insurance just subsidizes the expensive cost of health care, like how house insurance subsidizes the expensive cost of a house.

      If health care was common it would be low cost, if it was low cost there wouldn’t be a need for insurance, it would be common like clothes, food, and other necessities of life.

      The solution is the shortage of doctors, if doctors were as common as A/C repairmen the labor would be cheaper, it could be cheap to a degree where insurance wouldn’t be required. I propose we remove government regulations on Doctors and let the patients decide who to go to for medical treatment, unless you assume people are stupid and need their hand held to make a decision.

      All choices we make should be our own choice, we shouldn’t be mandating and heavily regulating the medical industry. Less restrictions shall give more opportunity for growth. In other words blame the AMA.

      Common Sense
      Rev-’em-up-Ray-Gun: You’re wrong, both insurance companies do make a profit, but you buy into them for a reimbursement so you don’t get slammed with a heavy financial wall. You’re obviously juvenile and petty to understand how insurance works. Of course they make a profit because they calculate risk wisely. Yet the cost is the issue, not the one shielding the cost.

    29. My grandpa died from cancer. He believed he was leaving our family with enough money from the life insurance policy to be able to pay off our home. We were suprised to find out he has Accidental Life Insurance when we tried to make the death claim, and that we would receive nothing. We believe he was tricked into purchasing this less expensive policy. Is there anything we can do?

    30. My father in law had a life insurance policy that stated who the beneficiaries were. A few months ago he re-wrote his will and in the will stated that he no longer wants the original beneficiaries but rather some other ones. The policy was never changed, and he is now deceased. Do we go with the policy or the will?

    31. My grandmother is almost sixty years and she does not have a life insurance policy. We were talking and I asked her what she had in place in case of a situation. She said nothing. Her plan is for us to sell her house and split the money.

    32. My brother lives in the SF bay area and needs to see someone for his depression desperately, he’s not working because of it. Are there any programs that could help someone like him?

    33. My daughter is 23 and works as a waitress so she has no insurance benefits. Until she turned 23 she was on my husband’s policy. She has hypothyroidism and needs to get meds to regulate it. I have tried every search engine I have found and all I keep coming up with are people who want to give quotes on health insurance. I’m sure there must be someone out there who treats patients without insurance at a lower rate. Anyone have any ideas??? She lives west of Chicago if that helps.

    34. I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone’s thoughts.

    35. My husband(30) and I(28) need term life insurance. My job offers portable term insurance through Prudential..It will be subsidized by the employer as long as I am employed but I have the option of carrying it with me with no subsidy though…I was thinking this would be good for us since it had the lowest cost than what we got at insure.com..anyone know any info about this kind of policy..does the premium increase every year and how significantly would the premium increase if I leave the employer?

    36. I was signed up for a life insurance policy with my previous job, but I no longer work there. My husband has no life insurance at all. We just had a baby, and I’m really wanting to get life insurance set up for us. Also, do people actually insure their children?? My mother has always kept life insurance on me even when I grew up, set it up through my job. She even offered to put it on our baby, and I told her no, but that I would look into insuring my child myself. Where can I find insurance for all of us with a low policy cost?? Any tips or suggestions on life insurance would be helpful. Thanks, God Bless, and Merry Christmas.
      I think term life would be best for my husband and I -?? Can that be renewed before the term ends?? And the only reason I see for anybody to ensure a child if something should happen God forbid, would be to only cover funeral related fees-??

    37. Can the beneficiary of a life insurance policy be forced to pay for a funeral? Also – what if the beneficiary is a 10-year old boy..?
      Thanks for anyone having info ….

    38. I’ve had bad teeth my whole life. When I say bad, I mean it never fails when I go to the dentist I always walk out with a long list of things that need to be done from fillings to root canals to crowns. It always ends up being this major expense (even with dental insurance) that lately I’ve just stop going to the dentist just because I can’t afford it. Can anyone suggest ways to save money on dental bills without neglecting the work that needs to be done? Are there any agencies out there that could help with expenses or low cost supplemental dental insurance that I could use along with my regular dental insurance provided by my employer? Any and all suggestions welcome.

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