Who do you have Life Insurance with?

I don’t have life insurance. I’m self insured.

Transmerica, 760k policy, for 162

My family hx of poor cholesterol and triglycerides has caught up to me so I had to pay more

I use Prudential.

Some insurers are better for underwriting certain medical conditions, so if you have any medical issues, it might make sense to talk to an insurance salesman who walk you through the process. For me, it was my CFP.

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Dave Ramsey

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Question is a bit of a difficult one to answer as there are a lot of factors involved. How big of a policy you need, type of policy you need, duration you'd need it for, underwriting concerns, what you are trying to cover with it.

If looking at just a basic term policy, while price is certainly one of the more important factors, don't just go for the least expensive option based on that. Ultimately, the company is important as at the end of the day, you want the process of your spouse or beneficiary getting the money if you died to be as easy as possible. So, take into account how reputable the company is that you are buying from. Northwestern Mutual, Mass Mutual, New York Life, Prudential, Mutual of Omaha are all solid companies and really isn't much concern financially with them or their ability to be around say in 30 years. There are plenty more out there that are good as well, those are just some of the bigger dogs for sure. That's not to say it isn't worth looking at other online options or what an online broker site can find to take into account as well, but I'd just caution from strictly looking at the cheapest option, there is more to it than that.

If you do a term policy, make sure to get whatever their version of a disability conversion and premium waiver rider on it. If you become disabled, your term policy will get converted to a whole life policy and premiums covered. That is where someone like the first three I mentioned probably have an advantage.

Why so many?

They're differing policy types and for different times of life and use on my wife, my business partner, and me. Whole for entire life for asset leverage distribution measures. Term for difference of total income replacement. A couple of GULs for partnership buy/sell.

Northwestern Mutual

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make sure to get whatever their version of a disability conversion and premium waiver rider on it. If you become disabled, your term policy will get converted to a whole life policy and premiums covered.

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Not necessarily. It can only be converted to a Whole Life policy if there is a Conversion Option included with the policy. IMO having the Conversion Option and Waiver of Premium are the most important features to have with a term policy.

Same age. I have a retirement plan with Equitable and do life insurance through them. Like $50/month for $1m in term life. About to convert it to a whole life soon probably.

ETA: it might be a bit more than that but not much. Policies been on auto pay for a few years now so I haven’t thought about it in a whole