I am 59 but diabetic. I think I run an above average chance of needing long-term care in the future. I do not want to exhaust all my savings and home to pay for nursing home care.
10-May-2010
08-May-2010
06-May-2010
No claims have been made. My initial investment was $5,000. Now I get statements from the insurance company saying I must pay $6,500 if I pull out. I have repeatedly told him I was worried that this would happen. He says “no worries”. What are my choices?
06-May-2010
My mom is looking to invest 800,000k after my father’s passing away. Is pacific life a good company to invest with? What is a good company for investing in mutual funds that are fairly conservative. (she doesn’t work and needs some income)
05-May-2010
There have been a lot of issues in the news these days regarding the trustworthiness of insurance companies. Are these instruments regulated by the government? How are these funds different from those issued by banks? My aunt is trying to sell me these funds and I want to know the whole picture.
Wow, these are really good answers. Thanks guys.
04-May-2010
I dont know the proper terms thou.Bout the insurance im reali confused as to how we will reap the investment,and how the insurance company profit if they return more money then we put in.(sort of like dividents in a bank)
I understand wat tsbr1963 is saying,but i tot insurance works by taking ur premium and covering ur future loss.We don get any tangible gains.
Y isit insurance function by returning some amount(dividend)?or is dat another way insurance comp earn.Wat type isit?
03-May-2010
Want to know the disadvantages of being a Insurance Agent or a Financial Advisor.
02-May-2010
I received a stock certificate from an insurance company about 5 years ago. The insurance was a type of ownership by the participants and the company was sold and the value was distributed to the holders of the policies in the form of stock in the purchasing company. I am assuming it was a form of mutual fund that was disbursed. I recently sold the stock and have no idea of how to determine the cost basis of the stock. The current company can only tell me the value of the stock on the day it was issued (I don’t know the date) but not how much I invested previously. As hard as I have tried I cannot find any information on the previous company or have any idea as to what to do. I certainly don’t want to pay taxes on the entire amont I sold the stock for but don’t know how to determine a cost basis and don’t want to get audited and not have answers as to how I determined exactly how much tax I owe.
What should I do, how can I determine the cost basis to file my taxes?
