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re: Life insurance questions
Posted on 1/27/17 at 3:53 pm to GeauxTigers777
Posted on 1/27/17 at 3:53 pm to GeauxTigers777
I'd lock in 20 years for the amount of:
Your student loans
Mortgage
and between 3-10 years of your income
Whatever that number is.
However, spend the extra $10 a month and go with a well-backed insurer, not a fly-by-night no name company. You would want your dependent(s) to have an easy process obtaining the tax free benefit.
Your student loans
Mortgage
and between 3-10 years of your income
Whatever that number is.
However, spend the extra $10 a month and go with a well-backed insurer, not a fly-by-night no name company. You would want your dependent(s) to have an easy process obtaining the tax free benefit.
Posted on 1/28/17 at 11:27 am to BamaCoaster
quote:
I'd lock in 20 years for the amount of: Your student loans Mortgage and between 3-10 years of your income Whatever that number is. However, spend the extra $10 a month and go with a well-backed insurer, not a fly-by-night no name company. You would want your dependent(s) to have an easy process obtaining the tax free benefit.
All great advice.
Don't worry about whole life either, I'd make good money selling that but in 9/10 cases it is not beneficial. Term would be perfect.
This post was edited on 1/28/17 at 11:28 am
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