From: a193@hotmail.com (Alex)
Newsgroups: misc.invest.financial-plan
Subject: Re: What to do..
Date: 12 Jul 2004 18:50:05 GMT
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	=iXJw

OK guys...thank you all for your contribution.I am a newbie to any
kind of life insurance.So for now whole (WL) or Term (T)in itself is
something new.

On reading all the posts I feel I got to ask a few questions:
Q: For WL the agent refered to something where in I pay off the policy
in six years and want pay anytinhg after that as the policy starts
paying for itself.I think he was refering to the dividend which will
pay the premium.

As for my current situation I am not sure how much I am keen on buying
into any kind of life insurance  (as my sense of WL was that its an
investment like investing in mutual funds and on top of it, it will
provide insurance, but may be I was wrong).

Q: I am self emloyed, which kind of disability insurance works for
self employed people.How will the insurance compnay determine my
annual pay.Do they go by a fix income and cacluate diability benefits
or if and when I am diabled they will check my employment hitory to
come to a diability number.I may sound stupid asking these q's but I
got to.

Q: I am still renting.I came across a 1 BRM coop in the haevily
crowded town in central Jersey.The cop is offernig 1 brm for 35K and I
dont forsee any appreciation on these but if I won one of these
(besides 35K I will pay 480$ per month)   and the rent I am paying
currently is 1K.
I m ok with the coop and the fact it want appreciate as I figured if I
rent it later it will rent for 900/month and with 35K investment - 500
montlh maintenance, the return will be around 10% on 35 K.What u guys
think.R coop owership a bad idea,Is it possible the value my go won to
0 on this investment.

Finally should I go out and buy a 1500 sq ft townhouse in a good town
for 350k.The annual tax will be around 8K.It may appreciate as these
town homes were 200K in year 2000.Yes its 350K here in central jersey.

I am confused please help..

Thanks.