| Author | Message | ||
Time_pass Side Hero Username: Time_pass Post Number: 6020 Registered: 06-2008 Posted From: 216.52.207.73 Rating: N/A |
// thanks all till date employee through vachay LI ( 500K) tho default gaa nettukosthunna i guess if i buy my own i can and should opt out of it? // compare prices and decide if you wantto continue or drop out from employer. Employer becomes pricy once you leave employment, so I suggest buying bigger in term life and cancelling the employer, so you are fre to move aroun in employment terms oka 2-3 mont process | ||
Time_pass Side Hero Username: Time_pass Post Number: 6019 Registered: 06-2008 Posted From: 216.52.207.73 Rating: N/A |
go with mutual life insurance companies such as Northwestern MassMutual NY Life Ohio Mutual buy for 20 year pure term | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7532 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
you can keep it if you want...compare premiums and see which one is better. Does employer one allow you to keep it at same premiums if you choose to leave your employer? | ||
Risingstar Legend Username: Risingstar Post Number: 35728 Registered: 08-2008 Posted From: 173.49.21.66 Rating: N/A |
enni days ottuddi ee policy theesukovataniki? Reddy is not casete "its way of life" - Gootle annai on Sunday 29th March 2009 | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 30805 Registered: 02-2009 Rating: N/A |
thanks all till date employee through vachay LI ( 500K) tho default gaa nettukosthunna i guess if i buy my own i can and should opt out of it? | ||
Just4fun Legend Username: Just4fun Post Number: 33804 Registered: 10-2007 Posted From: 204.235.114.65 Rating: N/A |
Super. Good info brothers. | ||
Rocketk2 Junior Artist Username: Rocketk2 Post Number: 672 Registered: 03-2014 Posted From: 216.150.182.2 Rating: N/A |
Primary use for Life Insurance is to protect your family from the financial burden if you are not around. So a Term Life Insurance will satisfy that need. 20 or 30 yr Term insurance for 1Million will be in range of 1000 - 1500 per year(Age 30 - 35 good health). The expectation is that you will build your financial health in those 20-30yrs where your family will grow out of dependence on you for the financial need. You can also use Life insurance as part of your Estate planning. So you can pass the money to your kids tax free. This where Whole life insurance will show up. The premiums for 1 million will be around 8 - 10k a year (age 30 - 35 good health). There are different opinions and depending on ones personal situation answers may be different. You can spend 1k a year on term and take the remaining 9k and put it in a index tracking ETF(just for low fee). You may end up better than Whole life but your kids may have to pay tax on the returns. So it does not hurt to talk to an insurance agent. Obviously they will push you where they get better commission but atleast you can have all the information before making a decision.. No matter which direction you take, for a typical family living in US(or elsewhere for that matter) Life Insurance is must. Don't procrastinate on this if you are planning. | ||
Boglehead Junior Artist Username: Boglehead Post Number: 35 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
LI ante Life insurance, which includes all kinds.TLI is term LI, which is just one kind, and this is what most people should sign up for. Premium depends on: 1. Your age 2. Term period (15,20, 25 yrs etc) 3. Insured amount (million, 2 mill whatever) 3. Your health status 4. Smoker / non-smoker 5. The insurance company | ||
Legend Username: Twitter Post Number: 37931 Registered: 10-2009 Posted From: 12.179.106.146 Rating: N/A |
things to consider for Term life - any A+ company - insure both husband and wife - 30yrs coverage if possible (only few companies offer) - companies that covers you world wide ( desam lo poina istharu eg. NYLife) - no whole/universal or investment planning on LI | ||
~chirutha~ Side Hero Username: ~chirutha~ Post Number: 4834 Registered: 10-2011 Posted From: 59.145.137.97 Rating: N/A |
Oh it seems u are an NRI. The link I provided is for desis  Be Kool  | ||
~chirutha~ Side Hero Username: ~chirutha~ Post Number: 4833 Registered: 10-2011 Posted From: 59.145.137.97 Rating: N/A |
Also go with anything more than 50 lacs. Because you would be paying more premium for 30-50 lacs than 50 lacs insurance thanks to some band divisions ATB.Be Kool | ||
Just4fun Legend Username: Just4fun Post Number: 33803 Registered: 10-2007 Posted From: 204.235.114.65 Rating: N/A |
well explained, thx brother. going by ur posts LI waste TLI(20yrs) best antaru enduku? And LI and TLI yearly enta undochhu avg figures chalu | ||
~chirutha~ Side Hero Username: ~chirutha~ Post Number: 4832 Registered: 10-2011 Posted From: 59.145.137.97 Rating: N/A |
Check this link, I found it good. And I have taken Max life insurance thought HDFC has got more name. http://www.planmoneytax.com/best-term-insurance-plan-of-2015 -in-india/ Be Kool | ||
Boglehead Junior Artist Username: Boglehead Post Number: 34 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
Life insurance: if you die, your family gets money. How much? Depends on what you choose? How do you know how much to choose? Depends on how much money you already have, and how much you thin your family will need when you are gone. If you already have plenty of money, you don't need LI. Eppudu teesukovali ante, if you have dependents and they need financial support in case you are not around. Term life tho you wont get anything back after the term is over. Just like the premiums you pay for health, auto, home insurance etc. | ||
Just4fun Legend Username: Just4fun Post Number: 33799 Registered: 10-2007 Posted From: 204.235.114.65 Rating: N/A |
asalu ee life insurance endi? ela work avudi? eppudu teesukovali? term life insurance endi? Kasta opigga detailed ga ettandi maa lanti newbies ki. Thx | ||
Amaravathi Side Hero Username: Amaravathi Post Number: 2261 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
fair enough | ||
Boglehead Junior Artist Username: Boglehead Post Number: 33 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
Amaravathi, I chose 20 because, in 20 yrs I will be financially independent and my family will not need my support. Of course, I will cancel it sooner if I have enough money. | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7531 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
check the underwriter's ratings. usual ga A+, A ila ratings istaar ee insurance comapnies ki...go with A+ ones. Ikkada konni unnaayi...but do check multiple sources on ratings just to confirm. http://termlife2go.com/best-life-insurance-companies-in-the- united-states/ | ||
Boglehead Junior Artist Username: Boglehead Post Number: 31 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
Humpty, mine is SBLI | ||
Amaravathi Side Hero Username: Amaravathi Post Number: 2259 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Better to have 30yrs kadha than having 20yrs as we are all in early 30s and another 20yrs term ante...we still be in 50s only... aa time ki malli teeskovali for another 10-15yrs plan as we want to maintain this until our kids become self sustained... | ||
Boglehead Junior Artist Username: Boglehead Post Number: 30 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
If you want LI, go for term life. If you want an investment vehicle, go for mutual funds, ETFs or RE etc. Avoid whole life, universal life, variable life etc | ||
Amaravathi Side Hero Username: Amaravathi Post Number: 2258 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Go for good/reliable/big company like NYlife, metlife etc... mana kanna mundhe company pokunda vundali kadha  claim acceptance rate kuda oka crieteria | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 30804 Registered: 02-2009 Rating: N/A |
if you dont mind, can you share the company/plan name? | ||
Boglehead Junior Artist Username: Boglehead Post Number: 29 Registered: 06-2014 Posted From: 70.215.86.121 Rating: N/A |
For the vast majority, Level premium term life is the best way to go.. Level premium ante premium should be the same for the term (5,10,15 or whatever period you choose). I have a 20 yr term life, which is $700/yr for 1.5mil (with best health category) Check this site www.term4sale.com | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 30803 Registered: 02-2009 Rating: N/A |
anna goru...pure term lo good plans yetta kolusthaar? aa term4sale.com lo susthini ...monthly prem taffa kakundaa what else to see redC...thanks man | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7530 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
Like Redclaw suggested, bite the bullet and go with pure term life insurance. Every month begining lo gunde konchem kallukku mantadi, oka peg esi all set anuko. | ||
Redclaw777 Side Hero Username: Redclaw777 Post Number: 2802 Registered: 12-2011 Posted From: 49.206.57.71 Rating: N/A |
U'd be better off taking a Pure Term Insurance Plan for a high value and divert ur investment amounts to Mutual Funds or any other options which are more flexible and dedicated investment engines. The charges are higher in traditional ULIPs. | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 30802 Registered: 02-2009 Rating: N/A |
secured future lanti schemes kakunda share some term life ins. plan options and criteria for selection return of premium vachayvee useful aa or is it better putting the premium diff ( almost 30-45% more) in a MF or something? |