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Started By
Message
Life Insurance
Posted on 10/30/14 at 1:53 pm
Posted on 10/30/14 at 1:53 pm
How much do you have? And are you single or married? How much should a single person have as compared to married with kids?
17
Posted on 10/30/14 at 1:53 pm to TechDawg2007
none. I like to live dangerously
Posted on 10/30/14 at 1:55 pm to TechDawg2007
I think I work with you 
jkbtw.
Manager was just asking this
jkbtw.
Manager was just asking this
Posted on 10/30/14 at 1:55 pm to TechDawg2007
Married, 3 kids. I have $500K, husband has the same but had to get an additional $1mil policy due to a loan that he takes out every year (he's a farmer, hence the crop loan).
Posted on 10/30/14 at 1:56 pm to TechDawg2007
quote:
How much should a single person have
who you trying to support after you die?
quote:
married with kids?
million is a bare minimum.
Posted on 10/30/14 at 1:56 pm to TechDawg2007
Very Unofficial rule of thumb (simple estate, etc) is 7 to 10 times salary if married w/kids
Posted on 10/30/14 at 1:57 pm to Chad504boy
quote:nieces/ nephews
who you trying to support after you die?
Posted on 10/30/14 at 1:57 pm to TechDawg2007
About 10 times your income so your family can use that to replace your income. If you're single there's really no need except maybe a small amount to cover funeral expenses.
Posted on 10/30/14 at 1:57 pm to tiger91
Hows things in Maurice/Meaux these days?
Posted on 10/30/14 at 1:59 pm to TechDawg2007
$400k, married, no kids. Have a mortgage. Wife works, and has considerably more than me (her dad is an agent ). Will bump it up when we have kids.
). Will bump it up when we have kids.
Posted on 10/30/14 at 2:00 pm to TechDawg2007
Just enough to pay off the house.
Posted on 10/30/14 at 2:01 pm to TechDawg2007
100k. Not married. No kids
Posted on 10/30/14 at 2:02 pm to Count Chocula
quote:
Hows things in Maurice/Meaux these days
No clue. I'm further south! lol
Posted on 10/30/14 at 2:02 pm to TechDawg2007
Wife and I each have $500k Term...no kids.
Agent keeps wanting us to switch it to a whole policy, but I'm not stupid.
Agent keeps wanting us to switch it to a whole policy, but I'm not stupid.
Posted on 10/30/14 at 2:03 pm to TechDawg2007
Why would a single person without kids have life insurance?
Posted on 10/30/14 at 2:05 pm to tiger91
quote:
I'm further south! lol
Ok then, hows things in Abbeville, Henry, Boston, Bancker, Perry, Prairie Gregg?
Better
This post was edited on 10/30/14 at 2:08 pm
Posted on 10/30/14 at 2:05 pm to pooponsaban
quote:Mortgage and other debts?
Why would a single person without kids have life insurance?
Posted on 10/30/14 at 2:06 pm to pooponsaban
quote:
Why would a single person without kids have life insurance?
To get rated better in order to convert it later.
Term has no cash value, so the younger you get it, the better and cheaper it is to convert later.
Also, student loans and other debt.
Posted on 10/30/14 at 2:07 pm to Golfer
quote:
Agent keeps wanting us to switch it to a whole policy, but I'm not stupid
Posted on 10/30/14 at 2:08 pm to TechDawg2007
I wouldn't have any if single
I have a couple million
I have a couple million
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