Insurance Questions and Answers

Where do I find a buyer of life insurance polcies that have just been issued?




Answers: You will need to wait until the policy is beyond its contestability period to sell it (usually two years). Then offers will vary drastically based on your age and health at that time. The price for a life policy that is still contestable is $0.
Well, likely you're not going to find a buyer, as the policies don't have any cash value yet. So they're not WORTH anything as an investment.

People don't buy policies for the "privelege" of insuring your life. The return doesn't justify the investment.

Which is why a whole life insurance policy is NOT an investment. It's a financial tool.

What are some moral coup¨¦ insurance providers within massachusetts.?

A lot of insurance companies such as (gieco, nationwide) don't cover massachusetts. What are some of names of the providers beside coverage in MA?


Answers: I enjoy Commerce, it's not too bad. My husband have Plymouth Rock. Like someone else said, talk to an agent. Because of Massachusetts Auto Reform, more companies will be capable of come to Mass so you'll be able to shop around more for better rates. I believe that starts April 1, 2008.
Commerce. Hanover. Liberty Mutual. Amica.

There's just a handful - I can't remember any others. But you might as well run through an AGENT, and let THEM find your coverage for you.

Rates are set by the state, so beside the exception of getting a "group discount" like if you're a associate of a credit union, like peas in a pod coverages are going to get you duplicate rates.
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If a friend borrows my car and gets a DUI, how will it affect my insurance?




Answers: I don't think it would affect your insurance, but it will affect his license.
DUI 's are serious and they can cause an increase or even cause cancellation of your coverage under some conditions.
When you lend your car, it is just as if you are the driver because you hold the most important liability, that is ownership of the vehicle. You may have to sue your friend separately in order to recoup damages you incurred as a result of his negligence. I hope that you did not know that he was drunk when you loaned the vehicle because that make you partly responsible for any damage he/she does.
Next time use better judgment.
When people have to borrow or ask for favors concerning cars, cell phones, or co-signing, there is usually a good reason why they don't have the "privilege" themselves.
Most times it is because they have already abused their personal privileges and cannot get those things themselves. Why is it that you can afford a car and your friend cannot?
Well, it won't, unless he also gets into an accident.

Of course, your car could be impounded, but that won't affect your INSURANCE.

An accident, well, that's a whole different story.
I used to think that was the case, but in some states, they are also holding the owner of the vehicle responsible.

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