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re: Term Life at age 64

Posted on 3/16/10 at 10:15 am to
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 3/16/10 at 10:15 am to
I will pay the premiums for her if she will name me as the beneficiary. Don't cancel it.

$40 a month for is $480 annually X 16 years is $7,680 in premiums. How is her health?
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 3/16/10 at 10:23 am to
Health is not good. I doubt she will make it to the end of the term.

If she keeps the insurance plan, how would it be treated at her death? Would it all go to paying creditors? Or is it the sole property of the beneficiaries?
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