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1
Posted on 3/10/23 at 7:41 pm to Bigfishchoupique
We have 100k each whole life which doubles with accidental death for $80/month (Alstate). Have had it almost 25 years. Have 750K on me and 250k on her term for $76/month (Northwest). It is 10 years (term) plus ten year renewal. Need to renew in the next year. Seeing some of the responses to this thread I might have been getting hosed on my term.
"DC1", I think you mentioned that you are in this space. Are there carriers that you would recommend and also those that you would avoid?
"DC1", I think you mentioned that you are in this space. Are there carriers that you would recommend and also those that you would avoid?
Posted on 3/10/23 at 7:41 pm to jbgleason
AGE?????
Posted on 3/10/23 at 7:42 pm to jbgleason
Me and the wife both have $1 mil on each other .
30 year term. Gets us to 65.
I think about $1k each per year
30 year term. Gets us to 65.
I think about $1k each per year
This post was edited on 3/10/23 at 7:44 pm
Posted on 3/10/23 at 7:47 pm to 6R12
Fiddy
Posted on 3/10/23 at 8:07 pm to jbgleason
Always buy term only. I got 30 year 1 million at age 32 for 1100 a year.
I also have $500k through work at a few hundred a year. Great deal on that.
Don’t forget to update your beneficiaries when you have kids et…
Best part is that Term policy payouts are tax free.
I also have $500k through work at a few hundred a year. Great deal on that.
Don’t forget to update your beneficiaries when you have kids et…
Best part is that Term policy payouts are tax free.
This post was edited on 3/10/23 at 8:15 pm
Posted on 3/10/23 at 8:10 pm to Geaux-2-L-O-Miss
I’m a captive agent, but the big companies like prudential, NYL, etc are all pretty similar. I would shy away from these fly by night companies like ladder, ethos and other internet based companies.
Take a look at historical dividend payouts, financial strength, guaranteed values.
Take a look at historical dividend payouts, financial strength, guaranteed values.
Posted on 3/10/23 at 9:22 pm to jbgleason
2 million 30 year term, about $100 a month. Just to ensure the kids get through college.
Posted on 3/10/23 at 9:23 pm to Geaux-2-L-O-Miss
Accidental death is stacked in the insurance companies favor as far as odds go.
What everyone should buy as much as they can is Uninsured Motorist Coverage.
If you drive in Louisiana you will us this eventually. Most folks are underinsured liability wise or uninsured.
What everyone should buy as much as they can is Uninsured Motorist Coverage.
If you drive in Louisiana you will us this eventually. Most folks are underinsured liability wise or uninsured.
Posted on 3/10/23 at 9:25 pm to jbgleason
$750k 30 year term runs about $1300 a year. Expires when I’m 61. Took it out when the kids were little and I had a mortgage and was paying private school tuition. Now house is paid and kids in public schools as we moved but still keep the policy
Posted on 3/10/23 at 9:25 pm to zippyputt
quote:
Best part is that Term policy payouts are tax free.
As is any death benefit from a policy.
Posted on 3/10/23 at 10:25 pm to jbgleason
Most OT players got so much money they don’t need insurance.
Posted on 3/10/23 at 10:36 pm to Bigfishchoupique
quote:
Accidental death is stacked in the insurance companies favor as far as odds go.
We are talking about life insurance. It’s the only insurance you’re guaranteed to use.
Posted on 3/10/23 at 10:43 pm to jbgleason
2 Million
$1698.79/ yr
$1698.79/ yr
Posted on 3/10/23 at 10:46 pm to DCtiger1
quote:
It’s the only insurance you’re guaranteed to use.
Insurance companies are so profitable because they pay out so many death benefits.
Posted on 3/10/23 at 10:52 pm to TDTOM
quote:They are profitable because of all the term policies where people don’t die and the policies where the client stops paying premiums after a few years. If you stop paying your premiums, that’s how they “win”.
Insurance companies are so profitable because they pay out so many death benefits.
Posted on 3/10/23 at 10:58 pm to Henry Jones Jr
Thanks for proving my point.
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