Dick J asked:


Let’s say that you get life insurance and claim to be a non-smoker. Then let’s say that you start smoking or resume smoking. Assuming that your medical records show that you smoked, will most life insurance companies check your records, see that you smoked, and then cancel your benefit?

Jacob

ZZ asked:


I am deciding which company to go with for my life insurance purchase. Wanted to make sure my spouse and child wouldn’t be mistreated by the company should anything happened to me.
Thanks!

Cynthia

Robert Crondiser asked:


Can Life Insurance refuse payment after the 2 years ******* clause expires?

Contrary to public belief, I’ve found that the laws of most states and the policies of most life insurance companies only exclude ******* benefits for a 2 year period.

If hypothetically a customer was to purchase a policy with the expressed purpose of committing ******* in 2 years, could the insurance company refuse to pay?

This is for my actuary paper, not a personal question!

Anita

Love my curves! Whoa! asked:


Which life insurance companies do you recommend? How young is too young for your child? He’s 1… I’d like to leave my family with the security and without the stress of “money” when I die, but I don’t know where to start. Thank you in advance!

Tommy

Monica Sandler asked:


I have a few questions here and thanks in advance.

Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit?

Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with the agents?

I would appreciate if you can throw in some numbers, since i am looking to invest some angel capital into an agency, so you would help if you give numbers.

Paul

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?

Christian

Alice Z 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!

Melanie