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re: Need some help on life insurance

Posted on 1/14/16 at 4:46 pm to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/14/16 at 4:46 pm to
quote:

I have a friend who sells insurance and offered me 30 year term at $26/month for a $100K policy.


quote:

I am 30 years old, non smoker and in good shape. Is this a good deal? What do the rest of you pay for life insurance?



You're getting killed on that policy. Wife and I combined have more than 8x that and are only paying $32/mo

My advice at minimum would be to take out what would be needed to clear all debts, and fund kids (even if non-existent) school.
This post was edited on 1/14/16 at 4:48 pm
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