Jan
30

Is a small life insurance policy put into a savings account the same thing as earned income savings?

Posted by harry Comments (5)
Lee asked:


I am wanting to know if I have to report as savings a small life insurance policy that is not earned income. I keep it in a savings account but it is not considered as earned income right? I am wanting to protect it if at all possible for emergencies only.

Categories: Life Insurance
Jan
28

How do I find figures and quotes for a Life Insurance Company such as New York Life?

Posted by harry Comments (2)
lashanda asked:


How do I find figures and quotes for a Life Insurance Company such as New York Life?

We have to look up a life insurance company for econ class and list its quotes and figures for certain ages and term and whole life policies. Yet I have no clue where to find this.

Categories: Life Insurance
Jan
19

How do Life Insurance companies make money?

Posted by harry Comments (7)
darkmanx1209 asked:


Someone I know has a whole life insurance policy with Metlife with a face value of $50,000. The annual payment is $290. How does Metlife earn money when they pay out much more than they get in?

Categories: Life Insurance