If you have life insurance (outside of what your job automatically offers)
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Anonymous
|
How much is your policy for?
How much to you pay monthly? What are your health issues (if any)? |
Anonymous
| $1 milliion 15-year term life, $500/year, male 37 with no health problems. |
Anonymous
| 950,000 30 yr term, 650/yr, 47 yr old female with no health issues. |
Anonymous
Great deal! At what age did you get it? Only $650/year to cover you up to age 77 seems a bit low. |
Anonymous
| 1.5M, 30 yr policy, $750/year. |
Anonymous
| 1 million, 20 year term. 43 y.o. And no health issues. $50/month. About 5 years into policy. |
Anonymous
What company, if you don't mind sharing? My DH is 37 and we'd like to take out another policy on him but don't want to spend too much. |
Anonymous
| I got one from American General Life about 8 years ago - 1 million, 30 yr term, $700/year, female, no health issues. |
Anonymous
|
35m 20 year term, $1350/yr $3M taken at 34
I have two additional 20 year term $1.25M policies taken at 32 for $550 each and a 20 year term taken at 27 for $1M which costs $330/yr |
Anonymous
| Apparently we are paying too much! $1 million / 20 year / $840/year. No health issues. |
Anonymous
| We each have a policy enough to pay off the mortgage on the house. The survivor and kids will be able to live comfortably on our own salary (we both make about the same) once the mortgage is paid off. |
Anonymous
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2.5 M, 30 year level-premium term, male with average health, purchased policy at age 40. Premium is about 2K per year.
We are thinking of adding a second 10 or 15 year policy to provide extra coverage in case something happens while the kids are still young and their college (and our retirement) remains mostly unfunded. Then we'll have the option of dropping the shorter policy and keeping the 30 year policy as our savings grow. |
Anonymous
|
DH - NY Life - $500,000, 20 yr term, about $500/yr
Me - NY LIfe- $500,000, 20 yr term, about $900/yr (smoker) |
Anonymous
| For people who have 30 year terms, is that because you have more kids and thats how long it takes to get them through college, or is that based on your mortgage? I have 20 years, which will get my youngest almost through college. |
Anonymous
| $1.5mm, 20 year term (started at age 32 when second and last child was born), $830 per year. MetLife's lowest rate. |