If i have already a Term Life Insurance for 1 M do i need to keep my Mortagage Insurance? can i cancel my MI?
Answers: Mortgage insurance is almost always a bad deal. You can get a comparable amount of term insurance for cheaper.
So if your insurance is enough to cover your mortgage and all of your other debts, it is enough.
Depends on what you call mortgage insurance. If you were led to purchase the mortgage insurance and make the mortgage company the beneficiary, then, you should change that. You likely only purchased enough to cover the mortgage, and it's likely a decreasing term policy: meaning that you are paying the same amount for the 30 year period, while the amount of coverage is decreasing.
Make sure you're not confusing this with PMI, private mortgage insurance, which you usually have to keep paying until you own at least 20% equity in the property.
Best of all, sit down with your insurance company and get a thorough checkup for everything, including your health insurance, coverage for your children, nursing home coverage, etc. so that you have a true financial picture of your family's coverage.
Miss V said it perfectly!
Please make sure you're not confusing MI with PMI. Depending on your mortgage situation you may be eligible to refinance our of PMI (if you're paying now).
Your Insurance Planner will be happy to sit down & assess your needs. Don't be skeptical in talking with them - he/she will have your best interests in mind.
BTW - I'm a Lender & would love to talk if you need answers on PMI...
Hope that helps & Warm regards,
Josh Perrington
Josh(a)GatewayLoans.org
They're two different things. If you're expecting the beneficiary of your policy to pay off your house of you kick off, sure, go ahead and cancel the MI.
Would the work comp coming & going rule apply contained by my travel case near my cheap boss?
I work at a giant retailer in California next to a parking garage next door. Parking costs $5.00/day. My employer is too cheap to money for our parking, so we have to park on the street, sometimes upwards of 1/4 mile away. It is a chancy neighborhood and we sometimes work until midnight. I want to convince corporate to allow reimbursement of the $5/day parking, and was curious to know if the 'coming and going' rule applied if an member of staff who was forced to park on a depressing street got injured on the means of access or coming from work...anyone know? I know there are exceptions and be hoping this would be one of them. I figure the sanctuary of their employees probably isn't as far-reaching as the bottom line ($$) so I'm hoping I can convince them that it would be more beneficial contained by the long run to fork out parking money instead of any potential lawsuits or work comp claims in the adjectives. Thanks!Answers: No, it doesn't.
Usually the coming and going rule works like this - you go and get to work, coverage starts. You have to will work to go to the post organization, or a business meeting - you own coverage coming and going for that. Then you punch out, and leave the building, and coverage stops.
If you're not "on the clock" and on the company site, it won't apply.
I live in NYCand I know you can apply for a lost medicare online. Can u get lost medicaid card online?
Answers: At one time you could. But so much fruad happened they put a stop to it. Only in pe rson from now on.