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re: Everybody wants to sell me insurance...

Posted on 2/4/14 at 5:29 pm to
Posted by GoCrazyAuburn
Member since Feb 2010
34954 posts
Posted on 2/4/14 at 5:29 pm to
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
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15053 posts
Posted on 2/4/14 at 6:04 pm to
quote:

salary

Salary is irrelevant. Expenses are relevant.
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 10/30/19 at 8:00 am to
I just wanted to say that this thread is infinitely better than the one linked in the sticky. Can someone update that?
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