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Started By
Message
Life Insurance Coverage/Cost
Posted on 8/17/15 at 11:23 am
Posted on 8/17/15 at 11:23 am
I'd like to take a quick survey of those who have life insurance. I am in the process of getting some quotes and would like to make sure I am not getting screwed.
Can you include the following:
Type (Term/Whole)
Age/Health
Length (10-20-30, etc)
Cost (Per Month/Year)
I know for the most part that YMMV with life insurance, but I just wanted some ball park figures.
TIA
Can you include the following:
Type (Term/Whole)
Age/Health
Length (10-20-30, etc)
Cost (Per Month/Year)
I know for the most part that YMMV with life insurance, but I just wanted some ball park figures.
TIA
9
Posted on 8/17/15 at 11:41 am to TigerRob20
(no message)
This post was edited on 8/26/15 at 12:30 pm
Posted on 8/17/15 at 11:46 am to TigerRob20
quote:
I am in the process of getting some quotes and would like to make sure I am not getting screwed.
I can promise you, you will get screwed.
Why do you think you need life insurance?
eta: I think there are valid reasons to have life insurance, but its definitely not something for everyone.
I personally have a 500k policy through work, I am 41, I pay $20/month for it, plus the 250k policy I have on my wife.
This post was edited on 8/17/15 at 11:58 am
Posted on 8/17/15 at 12:00 pm to Hawkeye95
quote:is this via unum? or just voluntary supplemental?
I personally have a 500k policy through work
Posted on 8/17/15 at 12:11 pm to The Egg
quote:
voluntary supplemental?
And I just checked and its $12/month, not 20. Its 20 with the ADD in there too. I have awesome work benefits though.
Posted on 8/17/15 at 12:14 pm to The Egg
8 years into a $1.25mm 20 year term. was 35 when i got it. I pay $86 a month IIRC.
Posted on 8/17/15 at 1:07 pm to TigerRob20
Term
27-28 when I got it. Perfect health
20yr coverage
$500,000 for $248/year I believe.
27-28 when I got it. Perfect health
20yr coverage
$500,000 for $248/year I believe.
Posted on 8/17/15 at 1:40 pm to TigerRob20
Term To 80
30/good health
Coverage until 80
$500,000
480/yr, dividends used to reduce yearly premiums
Northwestern Mutual
30/good health
Coverage until 80
$500,000
480/yr, dividends used to reduce yearly premiums
Northwestern Mutual
Posted on 8/17/15 at 1:42 pm to TigerRob20
10-yr Term group insurance through the Am. Bar Assoc.
31/(wife 29)
$70/mo. combined - not sure how it is broken out between us though.
$1.8MM me/$1.2MM wife
Also have $400k SGLI for $29/mo., and $100k coverage for the wife for $5/mo.
31/(wife 29)
$70/mo. combined - not sure how it is broken out between us though.
$1.8MM me/$1.2MM wife
Also have $400k SGLI for $29/mo., and $100k coverage for the wife for $5/mo.
This post was edited on 8/17/15 at 1:44 pm
Posted on 8/17/15 at 1:51 pm to NaturalBeam
Term
30 good health
Until I'm 80
$200/month
2MM
Northwest mutual
30 good health
Until I'm 80
$200/month
2MM
Northwest mutual
Posted on 8/17/15 at 2:06 pm to white perch
Thanks everyone, this helps tremendously. Keep them coming if you want.
Posted on 8/17/15 at 7:10 pm to TigerRob20
try Accuquote.com
Posted on 8/17/15 at 7:29 pm to TigerRob20
Husband has 2 term policies. He's 45. Perfect health.
First policy is 500K for 20 years. $355 per year. Protective Life. Must have been about 35 as I think we're halfway through the 20 years (Just recently had to look at this for something else)
Second policy is 1 Mil. for 20 years (I think). Yearly is $1200. Through Woodman of the World. (Had to get this for his business). This one was hard to find coverage for but I'm not sure why.
ETA: I have $500K, age 46, started it much earlier and then at 36 we "redid it" to start the 20 years over. Also through Protective Life and it's term. Perfect health; my premium is more like $425 or so per year due to family history.
First policy is 500K for 20 years. $355 per year. Protective Life. Must have been about 35 as I think we're halfway through the 20 years (Just recently had to look at this for something else)
Second policy is 1 Mil. for 20 years (I think). Yearly is $1200. Through Woodman of the World. (Had to get this for his business). This one was hard to find coverage for but I'm not sure why.
ETA: I have $500K, age 46, started it much earlier and then at 36 we "redid it" to start the 20 years over. Also through Protective Life and it's term. Perfect health; my premium is more like $425 or so per year due to family history.
This post was edited on 8/17/15 at 7:30 pm
Posted on 8/18/15 at 7:42 am to TigerRob20
I have a return of premium policy that covers me until 66. Should I die wife gets $250k, if I live I get $68k. I pay about $185 per month.
I have a simple term policy on wife. 30 year $500k costs about $47 per month. She is 36.
I have a simple term policy on wife. 30 year $500k costs about $47 per month. She is 36.
Posted on 8/18/15 at 8:09 am to TigerRob20
Term $750,000
Currently age 34 (purchased at 30yrs old)
30 yr term
$1300 per year
Currently age 34 (purchased at 30yrs old)
30 yr term
$1300 per year
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