NICK7 asked:


I am planning to get a life insurance for about a million. Is Western Southern a good company to purchase?

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.

Sweetask asked:


What is the difference between accidental death insurance and regular life insurance? Which is a better buy? Wouldn’t all deaths (excluding illnesses) be accident? If you only buy life insurance and don’t include accidental death insurance then what is usually excluded? Thanks!!!
(I know its different for every insurance company, I am just wondering what generally the outcomes would be)

ILO asked:


I thought life insurance policies were for the remaining family members after a person’s death. For instance, the main worker in the family should get a life insurance policy to ensure their spouse and children have enough money if somethign were to happen.

Now since children do not contribuite to a household income. Why would there be life insurance? Besides the funeral costs, their death would not impact a family financially, would it? I just saw a commercial for one, and it got me wondering. I am only 16, so no rude comments if I have the point of life insurance all wrong here.

carie asked:


Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?

I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!