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Started By
Message
Need some help on life insurance
Posted on 1/14/16 at 4:43 pm
Posted on 1/14/16 at 4:43 pm
So, my fiancé (no pics) suggested to me the other day that I get life insurance due to my current job. I have a friend who sells insurance and offered me 30 year term at $26/month for a $100K policy.
I am 30 years old, non smoker and in good shape. Is this a good deal? What do the rest of you pay for life insurance?
Or does she just wanna get paid?
I am 30 years old, non smoker and in good shape. Is this a good deal? What do the rest of you pay for life insurance?
Or does she just wanna get paid?
14
Posted on 1/14/16 at 4:44 pm to FenrirTheBeard
She sounds like a gold-digging whore.
Posted on 1/14/16 at 4:44 pm to FenrirTheBeard
quote:
that I get life insurance due to my current job
which is?
Posted on 1/14/16 at 4:45 pm to FenrirTheBeard
i pay around $80 a month for over 1 million
you can do MUCH better than $26 per month for $100,000
ETA:
im 31, not in great shape (but according to their tests i am), not a tobacco user
but yea, im more curious why your fiance cares
you can do MUCH better than $26 per month for $100,000
ETA:
im 31, not in great shape (but according to their tests i am), not a tobacco user
but yea, im more curious why your fiance cares
This post was edited on 1/14/16 at 4:48 pm
Posted on 1/14/16 at 4:45 pm to theenemy
quote:
Which is?
Pilot
Posted on 1/14/16 at 4:46 pm to FenrirTheBeard
quote:
I have a friend who sells insurance and offered me 30 year term at $26/month for a $100K policy.
quote:
I am 30 years old, non smoker and in good shape. Is this a good deal? What do the rest of you pay for life insurance?
You're getting killed on that policy. Wife and I combined have more than 8x that and are only paying $32/mo
My advice at minimum would be to take out what would be needed to clear all debts, and fund kids (even if non-existent) school.
This post was edited on 1/14/16 at 4:48 pm
Posted on 1/14/16 at 4:46 pm to FenrirTheBeard
No that's not a good deal in my opinion. I am 28, got 500K 25 term for $31/mo.
Posted on 1/14/16 at 4:48 pm to FenrirTheBeard
quote:
Pilot
ah
that may bring your rates up
but definitely shop around
Posted on 1/14/16 at 4:49 pm to Ash Williams
quote:
that may bring your rates up
Yeah, just saw that. Likely explains the higher premium. But I'd still shop around...could still do better, IMO.
Posted on 1/14/16 at 4:55 pm to FenrirTheBeard
quote:
Pilot
Did he factor this in?
If not, that premium is too high.
Posted on 1/14/16 at 4:56 pm to FenrirTheBeard
quote:
30 year term at $26/month for a $100K policy.
I would set it at 10 years salary.
Posted on 1/14/16 at 4:59 pm to HoustonChick86
I am not sure if he factored it in. I thought it was a bit high, myself. But the woman is all "we need to get life insurance, yada yada."
Posted on 1/14/16 at 5:01 pm to Ash Williams
quote:
but yea, im more curious why your fiance cares
You're curious why a man's future spouse might be concerned about life insurance and how she might support herself and their future family in the event of his untimely death? The OT is really funny some times.
Posted on 1/14/16 at 5:02 pm to FenrirTheBeard
Who does he work for?
He must be either new or shady to do a 100k policy.
That doesn't cover anything.
And, at that rate, let's hope he factored in your career.
He must be either new or shady to do a 100k policy.
That doesn't cover anything.
And, at that rate, let's hope he factored in your career.
Posted on 1/14/16 at 5:02 pm to HoustonChick86
I mean I'm more likely to die in a car wreck than he is in a plane right?
Posted on 1/14/16 at 5:08 pm to ellunchboxo
Well yea, but you're also less likely to die in a plane accident then him. I always see them tack on an extra fee for pilots. They also do it for hazardous sports and activities.
Posted on 1/14/16 at 5:17 pm to FenrirTheBeard
Mine is s term through work, 250k for $24 a month. It's full pay till 65 and then goes to 50%, at 75 it goes to 10%
Eta: I'm 34
Eta: I'm 34
This post was edited on 1/14/16 at 5:18 pm
Posted on 1/14/16 at 5:17 pm to ellunchboxo
quote:
I mean I'm more likely to die in a car wreck than he is in a plane right?
For a major air carrier yes, for general aviation (single engine planes, air charter operations, crop dusting) the odds are not as good. You usually get stiffed on individually purchased life insurance for being any type of pilot, being a diver etc.
This post was edited on 1/14/16 at 5:19 pm
Posted on 1/14/16 at 5:21 pm to FenrirTheBeard
You should shop around. I'm not sure of the current rates, but that sounds a little high to me.
Btw, I would not make my fiancé the beneficiary of the policy until we were married - but, that's your decision, of course.
Btw, I would not make my fiancé the beneficiary of the policy until we were married - but, that's your decision, of course.
Posted on 1/14/16 at 5:21 pm to LNCHBOX
quote:
You're curious why a man's future spouse might be concerned about life insurance and how she might support herself and their future family in the event of his untimely death? The OT is really funny some times.
Ok that does sound fricked up when I read it again.
Why I meant was this:
Why does she care for him to get one now, specifically, because thy changes how much coverage he should get.
They probably don't have kids
So I'm wondering if they already have a house together and some bills that she would be left with if he passed away before they were married. I completely agree with the decision to get life insurance. My comment was meant to be geared more towards the amount that he would need because $100,000 is more than just funeral costs obviously, but isn't nearly enough for childcare costs down the line so he would obviously have to increase his coverage, etc...
I just got lazy and didn't fee like typing it all out
This post was edited on 1/14/16 at 5:23 pm
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