Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Money & Services > Bankruptcy & Debt   »   term life

Answer this Question
Ask about Bankruptcy & Debt
 
Question Tools Search this Question Display Modes
Question
 
 
#1  
Old May 8, 2008, 04:13 PM
vender
New Member
vender is offline 		 
Join Date: May 2008
Posts: 1
vender See this member's comment history on his/her Profile page.
term life
I went bankruptcy over 13 years ago, will that hurt me getting term life insurance

Reply With Quote
 
     

Answers
 
 
Old May 9, 2008, 02:11 PM   #2  
CaptainForest
Finance & Accounting Expert
CaptainForest is offline
 
CaptainForest's Avatar
 
Join Date: Nov 2005
Location: Canada
Posts: 3,676
CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.
no it will not.

here is why…

if you die, and have not kept up on your premiums, then they don’t have to pay out an insurance policy.

therefore, they don't care about your financial history in that regard.
  Reply With Quote
 
     
 
 
Old May 9, 2008, 02:21 PM   #3  
progunr
Senior Member
progunr is offline
 
Join Date: Jan 2008
Location: Midwest USA
Posts: 703
progunr See this member's comment history on his/her Profile page.
I agree with CaptainForest with only one exception.

Most term life issuers now require that you have an active bank account for the premium payments to be automatically withdrawn from.

As long as your credit situation is not preventing you from having an active bank account, you should not have any other concerns.
  Reply With Quote
 
     
 
 
Old May 9, 2008, 03:27 PM   #4  
Fr_Chuck
Super Moderator
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Atlanta GA
Posts: 20,361
Fr_Chuck has disabled reputation
no, actually you could be going bankrupt tomorrow and it will not effect most term life policies, In fact I wrote a couple of people last month that had just filed and they had no problem at all.
  Reply With Quote
 
     
Answer this Question
Ask about Bankruptcy & Debt

« Previous Question | Next Question »

Question Tools Search this Question
Search this Question:

Advanced Search
Display Modes
Linear Mode Linear Mode

 
Similar Sponsors

Similar Questions
Question Asker Topic Answers Last Post
Accounting for Long Term and Short Term Cap Gains mchelvan Accounting 2 Feb 26, 2008 08:58 AM
investment interest and term, amortization for 5 yr term waterfrontbooks Investing 1 Aug 1, 2007 11:41 AM
longer-term vs shorter-term bond yathink103 Accounting 0 May 10, 2007 07:32 PM
short term vs long term capital gains, loss carryovers hoopers2 Taxes 3 Apr 23, 2007 12:44 PM
Is short-term or long-term debt more stressful to your personal finances? Why? mlambert Accounting 4 Oct 12, 2006 07:47 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 12:16 AM.

Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.