What are the best options forLife Insurance Policies | TigerDroppings.com
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thelsutigers
LSU Fan
Dallas, TX
Member since Nov 2009
3266 posts

What are the best options forLife Insurance Policies

I am 35, wife is 36. I should already have one, but don't. Is there an investment option with the protection or is it just better to eat it and get a term policy ?

siap, I did a search. Wanted feedback from someone in the business


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31424 posts

re: What are the best options forLife Insurance Policies
quote:

siap


Not often posted here, it's all good.

I am not an insurance guru, so I will watch this spot. It's my understanding though that the investment option isn't particularly good compared with regular non-insurance investments, but I will hang up and listen.


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tojoe
LSU Fan
Scott
Member since Oct 2010
335 posts

re: What are the best options forLife Insurance Policies
Keep your investments as investment and insurance as insurance unless you have the unfortunate problem of too much income.


thelsutigers
LSU Fan
Dallas, TX
Member since Nov 2009
3266 posts

re: What are the best options forLife Insurance Policies
quote:

Keep your investments as investment and insurance as insurance unless you have the unfortunate problem of too much income.



Not too much income but room to contribute more. My company doesn't offer a 401k plan. I do max our IRA's out though. So, just stick with a term policy ?


Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3349 posts

re: What are the best options forLife Insurance Policies
quote:

So, just stick with a term policy ?
Yes.

But if you are on the fence, get a quote on the monthly rate for a whole life policy versus a term life policy of the same amount. It will completely blow your mind how much more expensive the whole life policy (or whatever variant of this that they call the cash value policy - permanent, universal, etc) will run you each month.

Then you can really compare the "cash value" of just keeping that extra money in your pocket every month.


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