Started By
Message

re: How much life insurance do you have?

Posted on 5/9/23 at 12:56 pm to
Posted by ned nederlander
Member since Dec 2012
4337 posts
Posted on 5/9/23 at 12:56 pm to
quote:

got a 325k life policy that's cheap. $335 a year but thinking I want to get another one to increase it.

I have 3 kids but I'm the only provider at the current time. I don't think 325 would be enough if I was gone. Sizeable equity in 6-7 houses that could be sold but those would only be a stop gap.


my opinion of course, but I don’t think that’s nearly enough. The real estate assets are great, but a three child household losing their primary income needs more than $325. You don’t want your wife to have to look to offload real estate while burying you.

We have three young kids, both wife and I work and each have $2,000,000. I wish we had $3,000,000 and may look to increase it. My thinking is if one of us dies, the household is likely losing both incomes at least for a while.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram