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Started By
Message
re: Actual Gambling With Your Life (Life Insurance Information Requested)
Posted on 11/5/14 at 11:39 am to LSUSoulja08
Posted on 11/5/14 at 11:39 am to LSUSoulja08
quote:
did you use to be TClay?
Nope. Never heard of him...
0
Posted on 11/5/14 at 11:46 am to Clyde Tipton
I pay $1,350/yr. for $1,000,000 (term). I'm 48, non-smoker, hypertension, 5'11, 178 lbs. I was worried that I'd have trouble getting another policy when this one runs out in a few years, but my agent keeps me up to date on things. I forget what the specifics are, but I can lock in another 10-15 years without much increase.
Posted on 11/5/14 at 11:47 am to Clyde Tipton
always get term life insurance. invest the difference and you wont' need the insurance when you are 63 and up.
most insurance reps that i've come across get more commission on whole life or universal life policies. that should tell you something right there. they are bad "investments".
most insurance reps that i've come across get more commission on whole life or universal life policies. that should tell you something right there. they are bad "investments".
Posted on 11/5/14 at 11:48 am to PTBob
two seperate term policies (10 years)
renew every 5 years
renew every 5 years
Posted on 11/5/14 at 11:52 am to Rouge
quote:
two seperate term policies (10 years)
renew every 5 years
Is this a joke, or is this to stagger cost and ease up the age/cost ladder?
Posted on 11/5/14 at 11:52 am to CQQ
quote:
I used Zander
$500k, 30 yr term for $360/yr
Jesus.
I thought I did good reading this thread until that. Wonder if there is a catch? Or maybe that math works out to basically what I got.
I'm 29 and got 1,000,000 for 30 years at $219 every 3 months, or $876 a year with USAA (non-military).
This post was edited on 11/5/14 at 11:55 am
Posted on 11/5/14 at 11:53 am to PTBob
quote:
always get term life insurance. invest the difference and you wont' need the insurance when you are 63 and up.
I tend to agree with this line of thinking.
Posted on 11/5/14 at 11:55 am to Teddy Ruxpin
quote:
$500k, 30 yr term for $360/yr
quote:
Jesus.
I thought I did good reading this thread until that. Wonder if there is a catch?
We were quoted $67/month for 500k for 30 years covering both of us. So that's averaging $390/year per person.
Eta; Those are the 2 lowest quotes I've seen for 500K at 30 years.
This post was edited on 11/5/14 at 11:57 am
Posted on 11/5/14 at 11:55 am to Clyde Tipton
quote:
I tend to agree with this line of thinking.
Ya, I'm self-insuring in 30 years for sure.
Posted on 11/5/14 at 12:02 pm to hardhead
How's term a scam?
How's about you take your punk arse universal/ whole life pushing BS back to whoever screwed you in the first place.
How's about you take your punk arse universal/ whole life pushing BS back to whoever screwed you in the first place.
This post was edited on 11/5/14 at 12:03 pm
Posted on 11/5/14 at 12:03 pm to bayoudude
quote:
I went with a $750k 30 yr term through met life. Costs about $112/month. I figure that by the time it runs out all my notes should be paid off and my kids will be out of college and on their own. At that point i shouldn't need a large policy.
Went with the same thinking. I got a $1 million term policy when I was in my 30’s and got married and was getting ready to have my son. Figured that would cover my sons upbringing if I was to die and not put my wife in a bind. When I hit 60 my term policy runs out. By that point I should have enough or almost enough for me and my wife to retire. If I was to die the day after it expires, well there’s enough retirement money for her to definitely retire and take care of any more bills for my son. And it was a lot cheaper than a whole life policy.
Posted on 11/5/14 at 12:09 pm to Clyde Tipton
quote:
Posted by Clyde Tipton
Just ran a quote for u thru Farm Bureau.
500k 30 yr level term at standard non-tobacco rate:
33, male $86/mo
31, female $65/mo
But u could qualify for a preferred rate that would lower that premium.
My advice is to get term and convert to Whole
Posted on 11/5/14 at 12:11 pm to Skeeter 79
quote:
But u could qualify for a preferred rate that would lower that premium.
Thank you for not throwing out your lowest number. I think my weight will keep me out of preferred rates.
Posted on 11/5/14 at 12:13 pm to Clyde Tipton
Not necessarily- the weight requirements are pretty generous. It's really HDL, blood pressure that keep people out of preferred
Posted on 11/5/14 at 12:14 pm to TheBoo
quote:
TheBoo
is your salesman
Posted on 11/5/14 at 12:18 pm to hardhead
quote:
TheBoo
is your salesman
No sir. Don't have the patience for dealing with that.
Posted on 11/5/14 at 12:19 pm to Clyde Tipton
You're fat?
Posted on 11/5/14 at 12:20 pm to TheBoo
quote:
No sir. Don't have the patience for dealing with that.
or the brain
go sell bowls with uncle Rico
Posted on 11/5/14 at 12:25 pm to hardhead
quote:
or the brain
Ooooo. That hurt.
Posted on 11/5/14 at 12:28 pm to Clyde Tipton
quote:
but at 63 I'd be shopping for much more expensive life insurance if I am even insurable.
At 63 you shouldn't need life insurance. Your kids will be in their 30s and you will be coasting into retirement. Unless you don't plan on saving for retirement...
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