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Message
Life Insurance
Posted on 8/30/11 at 5:24 pm
Posted on 8/30/11 at 5:24 pm
I really am hesitant to post something about life insurance because i know 100 guys will email me asking for business.
Im looking to get coverage for me, my wife and two kids, both under 3. Im looking into term coverage, either 20 or 30 years. Im 31, wife is 32.
I recieved a quote from MetLife of around $32 for me and 28 for my wife. He said the kids are $19 a piece because its permanent life and only 50k. our coverage is for 300k a person.
Any advice on if this is a good rate or not? i think 30 is the best option because it will get us close to retirement at a locked rate. I can always add more coverage in a few years.
Also what other companies do you recommend if MetLife doesnt cut it?
Thanks
Im looking to get coverage for me, my wife and two kids, both under 3. Im looking into term coverage, either 20 or 30 years. Im 31, wife is 32.
I recieved a quote from MetLife of around $32 for me and 28 for my wife. He said the kids are $19 a piece because its permanent life and only 50k. our coverage is for 300k a person.
Any advice on if this is a good rate or not? i think 30 is the best option because it will get us close to retirement at a locked rate. I can always add more coverage in a few years.
Also what other companies do you recommend if MetLife doesnt cut it?
Thanks
4
Posted on 8/30/11 at 5:45 pm to dallastiger55
I would say those are pretty fair rates. I'm guessing you are both fairly healthy, non smokers?
Definitely try and talk to somebody from New York Life and Northwestern Mutual if nobody else. I consider them some of the most solid companies financially, which is very important when considering where to get LI. Those are two of the "big dogs" if you will, and it is always good to look around and see where you feel most comfortable. Talking to somebody at Northwestern will be the only way you will be able to see what they have as no outside agents can broker their products.
You definitely want to make sure that whoever you go with, you are comfortable with the agent, and he is somebody you believe will be willing to get together with you regularly and not sell you and forget about you.
Definitely try and talk to somebody from New York Life and Northwestern Mutual if nobody else. I consider them some of the most solid companies financially, which is very important when considering where to get LI. Those are two of the "big dogs" if you will, and it is always good to look around and see where you feel most comfortable. Talking to somebody at Northwestern will be the only way you will be able to see what they have as no outside agents can broker their products.
You definitely want to make sure that whoever you go with, you are comfortable with the agent, and he is somebody you believe will be willing to get together with you regularly and not sell you and forget about you.
This post was edited on 8/30/11 at 5:47 pm
Posted on 8/30/11 at 6:57 pm to dallastiger55
Zander Insurance - Good enough for Dave, good enough for me.
The Truth about Life Insurance
The Truth about Life Insurance
This post was edited on 8/30/11 at 6:58 pm
Posted on 8/30/11 at 11:11 pm to dallastiger55
I wouldn't insure the kids, and use the money to bump up you and your wife's coverage to 500k each. There's no point to have life insurance if you don't have an income, IMHO. I see life insurance as income replacement for the family if an income earner dies.
Posted on 8/31/11 at 9:04 am to dallastiger55
quote:
I really am hesitant to post something about life insurance because i know 100 guys will email me asking for business.
quote:
I recieved a quote from MetLife of around $32 for me and 28 for my wife. He said the kids are $19 a piece because its permanent life and only 50k. our coverage is for 300k a person
I promise nobody is gonna beat down your door to write a $50 a month policy Chief.
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