- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
OT Ballers - Life insurance amount and rate?
Posted on 3/10/23 at 1:56 pm
Posted on 3/10/23 at 1:56 pm
Curious what you guys are paying and what coverage amounts you are carrying.
I currently have a $500k policy and am paying $116 a month.
Non smoker in excellent health (like everyone on the OT) but not 6'2" or 178 lbs.
I am wondering because I let my investment manager set up the policy and now, years later, I am wondering if I am getting ripped off and should shop around.
I currently have a $500k policy and am paying $116 a month.
Non smoker in excellent health (like everyone on the OT) but not 6'2" or 178 lbs.
I am wondering because I let my investment manager set up the policy and now, years later, I am wondering if I am getting ripped off and should shop around.
40
Posted on 3/10/23 at 1:57 pm to jbgleason
term or whole life policy?
Posted on 3/10/23 at 1:57 pm to jbgleason
Is this term insurance or do you get some of your premiums back after 20-30 years?
Posted on 3/10/23 at 1:57 pm to jbgleason
You’re getting ripped. I’m at a million for less than that
Posted on 3/10/23 at 1:58 pm to jbgleason
[img]t3.gstatic.com/licensed-image?q=tbn:ANd9GcSvjQJGpm6T9IUnn7CuywNDZrJSjh2LX506RzWjHKmIiksdmd4Ii8rps9-[/img]
Cost me ~$500
Cost me ~$500
This post was edited on 3/10/23 at 2:20 pm
Posted on 3/10/23 at 1:59 pm to jbgleason
quote:
I let my investment manager set up the policy and now, years later, I am wondering if I am getting ripped off and should shop around
Always shop around, the one thing my dad taught me (that I need to do better about) because it will save you in the long run.
Posted on 3/10/23 at 1:59 pm to jbgleason
Can't help you, I'm an OT Baller, I self insure.
Posted on 3/10/23 at 2:00 pm to BilbeauTBaggins
That’s terrible advice for life insurance
Posted on 3/10/23 at 2:00 pm to FlyingPelican
quote:
Can't help you, I'm an OT Baller, I self insure.
The wealthy buy life insurance
Posted on 3/10/23 at 2:01 pm to jbgleason
Age?
Posted on 3/10/23 at 2:02 pm to jbgleason
depends on age and length of term..
Posted on 3/10/23 at 2:02 pm to jbgleason
Depends on your age and total health. The older you are the more expensive it gets. Also, if it's term, then how long is the term?
Posted on 3/10/23 at 2:03 pm to BilbeauTBaggins
quote:
Always shop around, the one thing my dad taught me (that I need to do better about) because it will save you in the long run.
Not exactly.
Posted on 3/10/23 at 2:04 pm to jbgleason
I have a total of 3 mil in force. 1.25 is a 30 year term, the rest is limited pay whole life or my UL. In total I pay about 2100/month.
Most of that is overfunding my UL account value.
Most of that is overfunding my UL account value.
Posted on 3/10/23 at 2:04 pm to jbgleason
$3.50M in coverage
$350 a month.
$350 a month.
Posted on 3/10/23 at 2:04 pm to jbgleason
My work provides 2x salary in life insurance for both me and my spouse. I have the option to increase it to up to 5x my salary for about $20 a month, which I have elected to do.
Posted on 3/10/23 at 2:07 pm to 0x15E
quote:
0x15E
This post was edited on 3/10/23 at 2:08 pm
Posted on 3/10/23 at 2:07 pm to Chicken
quote:
term or whole life policy?
Term. I am thinking I am overpaying based on the responses thus far.
This is probably a Money Board topic but I prefer to open the floor for $3.50 responses by posting here.
Posted on 3/10/23 at 2:09 pm to jbgleason
I have 2.5 million, 20 year term (puts me at 55. Thinking of upping to 30 year, $125 a month
Posted on 3/10/23 at 2:10 pm to jbgleason
Life insurance isn’t like other insurance. You can’t compare what you’re paying to someone else. It’s all based on amount, term, ratings at the time of issuance, mortality rates, and your health class. It’s not apples to apples
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News