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Message
re: Everybody wants to sell me insurance...
Posted on 2/4/14 at 4:45 pm to yellowfin
Posted on 2/4/14 at 4:45 pm to yellowfin
quote:6x salary. It's plenty. I also got supplemental for her if something happens. That's only 40k though and I would use for burial and daycare for our 3-month-old.
How much though? Enough to support your wife and kids if you die tonight?
ETA: Company pays for 2x salary for Basic life and AD&D. The rest I pay for, but it's very cheap.
This post was edited on 2/4/14 at 4:49 pm
4
Posted on 2/4/14 at 4:49 pm to ell_13
quote:
That's only 40k though and I would use for burial and daycare for our 3-month-old.
that won't last long!
Posted on 2/4/14 at 4:56 pm to ell_13
My wife is insured more than I am. 
Posted on 2/4/14 at 4:59 pm to ell_13
quote:
6x salary. It's plenty.
you need more than that if you have a 3 month old
ETA: and now I see a wife that doesn't work, you definitely need more
This post was edited on 2/4/14 at 5:00 pm
Posted on 2/4/14 at 5:29 pm to ell_13
quote:
That's only 40k though and I would use for burial and daycare for our 3-month-old.
Yea, I'm going to go ahead and agree that you will need more on her
6x your salary may be enough, I don't know. It depends a lot on what your objectives are for the insurance.
Did the agent you met with do a death benefit calculation?
quote:
Company pays for 2x salary for Basic life
Find out if the company tax deducts the premiums they pay here. If they do, the benefit could be taxable to your wife, which I'm sure she would be none to pleased about.
quote:
AD&D
waste of money by the company if you ask me
This post was edited on 2/4/14 at 5:30 pm
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