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re: Life Insurance questions

Posted on 9/29/16 at 1:23 pm to
Posted by Sho Nuff
Oahu
Member since Feb 2009
11927 posts
Posted on 9/29/16 at 1:23 pm to
quote:

I have term 80 thru NWM. $500k for $41/month.

That's what he first offered me but it's not $41 ongoing, right? It keeps going up every year or does this
quote:

I also have Waiver of Premium Rider. Convertible at any time to permanent. Dividends are used to reduce monthly premium (Would be $49/month without this feature).


keep that from happening?
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1548 posts
Posted on 9/29/16 at 2:36 pm to
quote:

Sho Nuff


quote:

That's what he first offered me but it's not $41 ongoing, right? It keeps going up every year or does this


Correct it goes up every year, however I selected the dividends to go toward reducing premium. So I started at $37 a month 8 years ago and today I pay $41 a month
This post was edited on 9/29/16 at 2:42 pm
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