Comments on: Insurance You Need And Insurance To Heed http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/ Motivational Money Management Wed, 08 Feb 2012 23:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Recession Proof Your Life And Refuse To Be A Victim | SELF RELIANCE EXCHANGE http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-2707 Recession Proof Your Life And Refuse To Be A Victim | SELF RELIANCE EXCHANGE Sat, 24 Oct 2009 13:04:58 +0000 http://www.enemyofdebt.com/?p=425#comment-2707 [...] adequate and necessary insurance in [...] [...] adequate and necessary insurance in [...]

]]> By: Latest fast life insurance news – Life Insurance Quote Optin Form Creator 1.0 … « Best Life Insurance Company http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-2613 Latest fast life insurance news – Life Insurance Quote Optin Form Creator 1.0 … « Best Life Insurance Company Tue, 13 Oct 2009 07:30:44 +0000 http://www.enemyofdebt.com/?p=425#comment-2613 [...] Insurance You Need And Insurance To Heed | Enemy of Debt [...] [...] Insurance You Need And Insurance To Heed | Enemy of Debt [...]

]]> By: Link Roundup - Physical Fitness Edition | Do You Dave Ramsey? http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1867 Link Roundup - Physical Fitness Edition | Do You Dave Ramsey? Tue, 30 Jun 2009 11:02:45 +0000 http://www.enemyofdebt.com/?p=425#comment-1867 [...] at Enemy of Debt steps through the types of insurance to secure and those to [...] [...] at Enemy of Debt steps through the types of insurance to secure and those to [...]

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1809 Brad Chaffee Wed, 24 Jun 2009 22:18:38 +0000 http://www.enemyofdebt.com/?p=425#comment-1809 @funderbug - everything I read about whole life policies suggested otherwise. I do know that what insurance companies tell you, and what they actually do are two different things. I know a few people who weren't given the benefits that you suggest they should get from these types of policies. What company did you work for? Thanks for reading and leaving a comment. :) @peacebug - you are so right! I totally forgot to add having an umbrella policy to the list. That is good advice and also something Dave recommends as well! Thanks for adding that! :) @chad - that is a great lesson for others to hear chad, thanks for sharing it with us, although I am sorry to hear you had to deal with that. @Trish - That is right! I think it is one of those deals where you either look at the cup half empty of half full. People should think of insurance as having a cup that is half full instead of the other way around. @everyone - Sorry it took me so long to respond to your comments. Yesterday we went to a local park with a lake and went canoeing, and swimming. My mom and niece came up for the fun! Today I have been painting and putting quarter round down in my office. Remodeling the upstairs is almost complete! :) Thanks for all of the great comments! @funderbug – everything I read about whole life policies suggested otherwise. I do know that what insurance companies tell you, and what they actually do are two different things. I know a few people who weren’t given the benefits that you suggest they should get from these types of policies. What company did you work for? Thanks for reading and leaving a comment. :)

@peacebug – you are so right! I totally forgot to add having an umbrella policy to the list. That is good advice and also something Dave recommends as well! Thanks for adding that! :)

@chad – that is a great lesson for others to hear chad, thanks for sharing it with us, although I am sorry to hear you had to deal with that.

@Trish – That is right! I think it is one of those deals where you either look at the cup half empty of half full. People should think of insurance as having a cup that is half full instead of the other way around.

@everyone – Sorry it took me so long to respond to your comments. Yesterday we went to a local park with a lake and went canoeing, and swimming. My mom and niece came up for the fun! Today I have been painting and putting quarter round down in my office. Remodeling the upstairs is almost complete! :) Thanks for all of the great comments!

]]> By: Pedro http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1798 Pedro Tue, 23 Jun 2009 16:46:54 +0000 http://www.enemyofdebt.com/?p=425#comment-1798 good advice thanks good advice

thanks

]]> By: funderbug http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1797 funderbug Tue, 23 Jun 2009 14:08:29 +0000 http://www.enemyofdebt.com/?p=425#comment-1797 Wanted to respond to this: "When you die, the insurance company keeps the cash value, and the fees deducted are really high." I worked for a life insurance company for five years and at least where I worked the beneficiary received the face value plus the cash value upon the death of the insured. I also don't recall any fees after the death, their are maintanance fees during the life of the policy though. Thanks for a great blog! Wanted to respond to this:
“When you die, the insurance company keeps the cash value, and the fees deducted are really high.”
I worked for a life insurance company for five years and at least where I worked the beneficiary received the face value plus the cash value upon the death of the insured. I also don’t recall any fees after the death, their are maintanance fees during the life of the policy though.

Thanks for a great blog!

]]> By: Peacebug http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1796 Peacebug Tue, 23 Jun 2009 14:07:34 +0000 http://www.enemyofdebt.com/?p=425#comment-1796 Great tips, though as a victim of a serious id theft I would question that this is a necessity. I would also not leave out the value of an umbrella insurance policy if you have sizable assets or perhaps a teen driver or two. It's VERY cheap for the coverage and as Chad illustrates, could save you multiple thousands. Great tips, though as a victim of a serious id theft I would question that this is a necessity. I would also not leave out the value of an umbrella insurance policy if you have sizable assets or perhaps a teen driver or two. It’s VERY cheap for the coverage and as Chad illustrates, could save you multiple thousands.

]]> By: Chad http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1795 Chad Tue, 23 Jun 2009 12:41:14 +0000 http://www.enemyofdebt.com/?p=425#comment-1795 Having been sued for 100K above my car insurance limits, I full well understand the value of insurance. I ended up paying 30K in installments for 5 years. Do you realize how much insurance that money would have purchased? A lot more than I will need for a long time. That doesn't even include the $180,000 the insurance company paid out to the other person and me for car replacement etc... Let's just say I will not be put in that situation again. Insurance companies will fight tooth and nail not to pay out large amounts, but if you have low limits, they will roll over, and pay the entire amount so that they are no longer liable. When they do that, that leaves you exposed as I was. I learned my lesson. I hope that you can learn from me and not have to experience this on your own. Having been sued for 100K above my car insurance limits, I full well understand the value of insurance. I ended up paying 30K in installments for 5 years. Do you realize how much insurance that money would have purchased? A lot more than I will need for a long time. That doesn’t even include the $180,000 the insurance company paid out to the other person and me for car replacement etc…

Let’s just say I will not be put in that situation again. Insurance companies will fight tooth and nail not to pay out large amounts, but if you have low limits, they will roll over, and pay the entire amount so that they are no longer liable. When they do that, that leaves you exposed as I was. I learned my lesson. I hope that you can learn from me and not have to experience this on your own.

]]> By: Trish http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1794 Trish Tue, 23 Jun 2009 10:56:01 +0000 http://www.enemyofdebt.com/?p=425#comment-1794 Insurance is the biggest bargain on the planet. Especially car insurance. I know we gripe about it but when you think of what you pay and what your coverage is should some drunk plow into you, you get a better perspective. I too have never had an accident in my entire life and I gladly pay insurance for my three cars every month. Insurance is the biggest bargain on the planet. Especially car insurance. I know we gripe about it but when you think of what you pay and what your coverage is should some drunk plow into you, you get a better perspective.

I too have never had an accident in my entire life and I gladly pay insurance for my three cars every month.

]]> By: Do You Dave Ramsey? http://www.enemyofdebt.com/2009/06/insurance-you-need-and-insurance-to-heed/#comment-1793 Do You Dave Ramsey? Tue, 23 Jun 2009 09:35:17 +0000 http://www.enemyofdebt.com/?p=425#comment-1793 Good tips... most folks are under insured and it's a wise move to routinely check for gaps or deficiencies in our coverage. Good tips… most folks are under insured and it’s a wise move to routinely check for gaps or deficiencies in our coverage.

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