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re: Life Insurance questions

Posted on 9/29/16 at 1:28 pm to
Posted by Sho Nuff
Oahu
Member since Feb 2009
11927 posts
Posted on 9/29/16 at 1:28 pm to
quote:

The term conversion feature would be neat if you know you were going to die just after the term was complete.

Exactly, so not sure if it's something that's important to me. I have $125k whole or permanent already which cost me $3k a year.
quote:

I know NWM used to sell Term 75, you may want to have your agent run some numbers for you.

He ran me T80. The costs go up so much that's why I like the idea of 30 year which brings me to age 72.

The T80 costs $33,951 in 30 years or $10,517 in 20 years vs $14,250 for 30 through Prudential or $7,660 for 20 through NWM. What am I missing on the T80? It doesn't make sense to me.
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