There's two types of premiums. Stepped premiums, which increase every year you hold the policy and Level premiums, which remain static throughout the life of the policy. Obviously, Level premiums start at a much higher rate than Stepped premiums in Year 1.
Life is more than about money
- Thread starter TMNT
- Start date
There's two types of premiums. Stepped premiums, which increase every year you hold the policy and Level premiums, which remain static throughout the life of the policy. Obviously, Level premiums start at a much higher rate than Stepped premiums in Year 1.
Life insurance is pretty straight forward. I mean, there's not really much room to move - if you die, you're dead. They pay the policy to the nominated beneficiary and that's the end of that chapter. In cases of life policies, some offer to pay out early if you are diagnosed with a terminal illness and have less than 12 months to live. I can see insurers dragging their feet on these.
In my opinion and I want to stress this is my opinion only, I think TPD cover is a waste of money. There are so many variables, that in order to make a successful claim, you'd have to be virtually dead. Trauma cover is preferable to TPD, as far as I'm concerned.
In my experience, getting claims paid out has not been difficult. Most insurers will suss the situation and pay out if the claim is warranted. It really is a good idea to get insurance through a professional such as an insurance broker or financial adviser that specialises in insurance. I bolded specialises, because pretty much all advisers do insurance advice, due to the huge commissions (especially on upfront), but an adviser that specialises in insurance is really a godsend in the case you need to make a claim.
There is a lot going on behind the scenes that people don't know about or see that can seriously speed up the process. When an insurance claim is made, time is almost always of the essence, so having a competent person on your team is really important. Knowing what I know, I wouldn't get my insurance cover without the help of a professional.
Contrary to popular opinion, it doesn't cost more to get insurance through a broker/adviser, in fact they may even be able to get you a discounted rate not available to the general public. In seriously stressful times (which is when most people need to claim) the last thing you want to be doing is having to deal with some... person at the insurance company stonewalling you.
Found out today she said she is planning to get a part time job after having a few months off. That sounds like a better plan
Hard to tell, but i'm planning to retire on at least $60 k gross pa, just enough to be able to afford the basics like pay my bills, go out occasionally and basically not have to worry about whether or not I can afford to put the heating on etc. I'd rather retire earlier on $60 k pa than retire years later on 80 K pa.
Hey Alex,
How are you going re:IP you were selling?
You holding off for now?
Btw Mr.F the only insurance cover i have is for my ppor...The TPD & death cover is N/A to me,but horses for courses depending on your situ.
I have limited family so i'll either get myself in tremendous debt and or leave it to the RSPCA.
How are you going re:IP you were selling?
You holding off for now?
Btw Mr.F the only insurance cover i have is for my ppor...The TPD & death cover is N/A to me,but horses for courses depending on your situ.
I have limited family so i'll either get myself in tremendous debt and or leave it to the RSPCA.
I'd be happy to live on 25k per year without the stress and yes that is without 3 jumpers.
500 pw,no probs for me anyway.
Everyone's situation is different. I have Life sufficient to cover debts plus have a cash buffer because I am leaving everything to my niece and nephew. I have very specific instructions for how the funds are to be used. How they actually get used is another story, but I have no doubt my brother will do what I ask.
Amen to that.
They don't call it 'dope' for nothing--it's because people end up being dopes. Or they are 'chilled' until they develop psychosis.
well the good thing is that no one here is making sweeping generalisations, for that we can all be grateful.
FWIW ive got 2 very close mates who have a bit of weed fairly regularly, are younger than i am (im 32) and make in the region of $1.5m-$2m a year, each.
if they're dopes then i guess its a compliment.
Perhaps you and I have a different definition of 'happiness'.
Yes, I now get how you have come to define the term 'freedom'.
Drug addict: someone who has an overwhelming desire and compulsion take whatever drug/alchohol for its effect. Someone whose ability to function is impaired by that drug/alcohol.
I'm not a drug expert, so I don't know whether hemp is marijuana. All I know is that I have seen plenty of people in hospital (mainly young men) having developed psychosis and schizophrenia from marijuana use and I have seen many people in hospital struggling to overcome their alcoholism--people having lost their jobs, their homes, commit crimes, lost their teeth, resort to drinking metho, attempted suicide and going to jail.
Your friends are an abberation. Perhaps you should go into a psych ward and see what dope does to other young men.
i think we can all agree on that
going back to the original post though i do agree life is about a lot more than money but im not sure these people are the best example of it. if they were indeed self sustaining then absolutely do what they like but as it stands it sounds like theyre probably committing tax fraud on top of just living on the dole, assuming TMNT pays them in cash.
they will also likely cost the taxpayers millions of dollars over the years and hardly contribute a cent so there is very little about them to admire.
Somewhat related: I listened to Cypress Hill's Black Sunday album last night for the first time in about 15 years.
i was a hip hop promoter, i am well familiar with what it does to people.
my point is gross generalisations do not do any good and you have made a whole host of them in this thread.
I use to play a game called Kingpin-Life of crime.
Had the Cypress hill's tracks.
Man, Cypress Hill were so good. I don't listen to a lot of hip hop these days, but my go to is usually either King Geedorah or The Streets.
Never heard of King Geedorah,have to check it out.
I know the Streets,especially 'dry your eyes'
King Geedorah is one of the many aliases MF Doom uses. If you haven't heard Doom, dude, do yourself a favour and get on that! The dude has crazy skills. Such a diverse range.
https://en.wikipedia.org/wiki/MF_Doom
Aside from the Take Me To Your Leader album, I recommend Venomous Villian and Madvilliany. Madvilliany is a collaboration with Mad Lib and it's fantastic.
My favourite Streets song is 'Blinded By The Light'. Takes me back.
https://en.wikipedia.org/wiki/MF_Doom
Aside from the Take Me To Your Leader album, I recommend Venomous Villian and Madvilliany. Madvilliany is a collaboration with Mad Lib and it's fantastic.
My favourite Streets song is 'Blinded By The Light'. Takes me back
.The thread is asking people's opinions on whether a mother and son who do a lot of drugs are happy. Many have given their opinion, as did I. I said that they were not happy. You call that a gross generalisation; I call it an opinion.
'People who do drugs'--by that I meant addicted--'are not happy'. I am sorry but, whether you like it or not, drugs addicts are not happy. Have you spent time around drug addicts? I have and I can tell you that they suffer A LOT. If you call that a 'gross generalisation' so be it.
'The mother was probably neglected as a child' you call a 'gross generalisation'. If the poor mother raised a boy who cannot much contribute to society or work, then she doesn't have the best mothering skills. I would hazard a guess that her role models were not the best. This is not a 'gross generalisation'. All the research points to the fact that generally you model your behaviour on the same-sex parent. If you had a good parent, you have a better idea on how to parent your own children. Sure, there are some kids who do not have great role models and go on to be wonderful parents. But I would bet that this mother did not have parents who nurtured her, who cared about her feelings, who encouraged her, who were emotionally available--perhaps through no fault of their own. Whilst all parents do the best they can, sometimes they just do not have the skills or are so tied up with their own issues that they cannot be there for their children..
'People who self-medicate do it to escape something'. Again, perhaps you should check the statistics. People do not self-medicate for NO reason: they are trying to quell/run from/deal with uncomfortable feelings/stress/trauma/pain.
'They don't call it dope for nothing' you call a 'gross generalisation'. That is my opinion. I have seen too many young men's lives ruined and ultimately wasted by drugs. Spend some time in any psych ward and you will see what I mean.
