Anonymous
04/17/2012 13:38
Subject: Re:What kind of life insurance do you have? (Type, amount, company if you want to share...)
DH and I each have $500K, 30 years.
We have five years to go on our mortgage (only $90K remains on the mortgage anyway), and about $250K saved for two kids' college educations. So, $500K is more than enough should the unthinkable happen.
We have five years to go on our mortgage (only $90K remains on the mortgage anyway), and about $250K saved for two kids' college educations. So, $500K is more than enough should the unthinkable happen.
Anonymous
04/17/2012 13:26
Subject: Re:What kind of life insurance do you have? (Type, amount, company if you want to share...)
Talk to USAA if you are eligible. Their people are not commissioned on selling insurance (they are salaried). You will get fairly unbiased information from them as a result.
Anonymous
04/17/2012 13:18
Subject: What kind of life insurance do you have? (Type, amount, company if you want to share...)
The Internet can do your comparative shopping for you (although I don't remember which site we used).
We each have FEGLI, plus enough 20-year term to equal ten times our salaries. It'll get us past paying off the mortage and getting the kids through college.
We each have FEGLI, plus enough 20-year term to equal ten times our salaries. It'll get us past paying off the mortage and getting the kids through college.
Anonymous
04/17/2012 13:11
Subject: What kind of life insurance do you have? (Type, amount, company if you want to share...)
Anonymous wrote:Lots of info on amounts and lengths here but not enuf about cost per month. Hard to compare relative value of policies without it.
That's so dependent on age and health, though. It's hard to compare. I could get a $500,000 policy for $55 a month, while it cost close to $300 a month for a $250,000 policy for my husband who's 10 years older and who smokes.
OP, you could look at whomever holds your car and homeowner's insurance. They often provide a multi-line discount. Other than that, I'd just try to stick with a very reputable insurer.