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re: Life Insurance - need recomendations/ advice

Posted on 1/12/12 at 11:13 am to
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 1/12/12 at 11:13 am to
Thanks for the replies.

My life insureance is through my employer, so I will probably be looking to add a policy for myself as well.

I'll check out the companies mentioned.
Posted by GoCrazyAuburn
Member since Feb 2010
34989 posts
Posted on 1/12/12 at 11:24 am to
I would also suggest going with a Mutual company for the reason of they aren't looking to please their stockholders. The owner of mutual companies are the policy owners. JMO.
Posted by Cash
Vail
Member since Feb 2005
37255 posts
Posted on 1/13/12 at 8:35 am to
quote:

My life insureance is through my employer, so I will probably be looking to add a policy for myself as well.


Definitely do this. Having your a large portion of your life insurance through your employer is a bad bad idea.

If you lose your job around the same time you become uninsurable your family could be screwed.
Posted by BestBanker
Member since Nov 2011
17534 posts
Posted on 1/19/12 at 7:59 am to
FYI. Your group term life insurance offered by the insurer your company recommends is the most expensive way to own coverage, unless you have a serious health concern. Figure out your "cost per thousand" amount and compare to a like amont of benefit from an individual policy. Remember when you retire or quit your jobs, your coverage is severely reduced and/or eliminated, usually when you woukd want it to pay...when you're very old! HA
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