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copteacher
Adjunct
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Joined: 08 Jun 2002
Posts: 20588
Location: Teaching in the Halls of Justice
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 Posted: 08/11/05 - 18:16 Post subject:
I have a term policy through allstate, I get the premier preferred rate, for excellent health which cut like 100/year off the price.
paying 30.19 a month for 500k.
My greatest finanical need will be done in 20 years that is why I selected that term.
I am worth about 750k dead.
Shop around, look to the people who do your car and or home too, you generally get discounts on other policies too.
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 08/11/05 - 18:19 Post subject:
I don't have enough, and its hard for me to get additional coverage at an affordable rate 
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JACKED UP
PRESIDENT
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Joined: 06 Jun 2003
Posts: 21238
Location: www.johnnydu.com
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Posted: 08/11/05 - 18:21 Post subject:
| Cappy wrote: | | I don't have enough, and its hard for me to get additional coverage at an affordable rate |
That's cuz you're special! 
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 08/11/05 - 18:21 Post subject:
| runaroundsue wrote: | | I cut a bigger check for insurance than my mortgages. DH calls it an investment. I think it's a little creepy. |
Variable Universal Life?
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Ms. Jenn
Fresh, Hot & Wild
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Joined: 14 Feb 2004
Posts: 7935
Location: Suite 550
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Posted: 08/11/05 - 18:41 Post subject:
| Cappy wrote: | | I don't have enough, and its hard for me to get additional coverage at an affordable rate |
Put the extra money you'd spend on premiums in your 401(k) which will go to your widow when you die too. Aren't I a ray of sunshine?
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Ms. Jenn
Fresh, Hot & Wild
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Joined: 14 Feb 2004
Posts: 7935
Location: Suite 550
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Posted: 08/11/05 - 18:42 Post subject:
| rtpd113 wrote: | I have a term policy through allstate, I get the premier preferred rate, for excellent health which cut like 100/year off the price.
paying 30.19 a month for 500k.
My greatest finanical need will be done in 20 years that is why I selected that term.
I am worth about 750k dead.
Shop around, look to the people who do your car and or home too, you generally get discounts on other policies too. |
IF you have had military service, most people qualify for USAA insurance and I highly recommend them. We have great rates on our home, car and life insurance premiums.
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 08/11/05 - 18:55 Post subject:
| Ms. Jenn wrote: | | Cappy wrote: | | I don't have enough, and its hard for me to get additional coverage at an affordable rate |
Put the extra money you'd spend on premiums in your 401(k) which will go to your widow when you die too. Aren't I a ray of sunshine? |
Already do that
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Ms. Jenn
Fresh, Hot & Wild
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Joined: 14 Feb 2004
Posts: 7935
Location: Suite 550
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Posted: 08/11/05 - 20:50 Post subject:
| Cappy wrote: | | Ms. Jenn wrote: | | Cappy wrote: | | I don't have enough, and its hard for me to get additional coverage at an affordable rate |
Put the extra money you'd spend on premiums in your 401(k) which will go to your widow when you die too. Aren't I a ray of sunshine? |
Already do that |
YAY! Most people don't.
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Floridaboiler
POTFH
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Joined: 18 May 2002
Posts: 11322
Location: Jacksonville, Florida
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Posted: 08/12/05 - 05:26 Post subject:
We pay about 170 a month for Univeral Insurance on each of us and then I have 2x my salary through work also.
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marathonrnr262
Member
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Joined: 14 May 2002
Posts: 1885
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Posted: 08/12/05 - 06:40 Post subject:
I spoke with my sister, the lawyer, and she said forget the life insurance, get disability insurance instead. She went on to say the chances of me being injured and not being able to work for a few months is much greater then me dying.
Now I'm really confused.
Sheldon
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 08/12/05 - 07:53 Post subject:
| marathonrnr262 wrote: | I spoke with my sister, the lawyer, and she said forget the life insurance, get disability insurance instead. She went on to say the chances of me being injured and not being able to work for a few months is much greater then me dying.
Now I'm really confused.
Sheldon |
WRONG! I can guarantee that you'll die.
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andydp
Member
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Joined: 23 Sep 2003
Posts: 8122
Location: Upstate NY near Albany
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Posted: 08/12/05 - 07:58 Post subject:
when we first got married I bought a 25K policy for myself whole life. Wife has about the same. We also bought a joint life on the both of us to pay off the mortgage.
We now have quite a bit of cash value in our policies. In fact, due to compounding and the like, I can realistically get my hands on about $20K without even taking out a loan.
Bottom line: Get a whole life or other cash accumulating policy. You can piggy back it to some term insurance so you get a large death benefit while at the same time getting accumulating some cash out of it.
Last edited by andydp on 08/12/05 - 08:20; edited 1 time in total
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 08/12/05 - 08:09 Post subject:
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Ms. Jenn
Fresh, Hot & Wild
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Joined: 14 Feb 2004
Posts: 7935
Location: Suite 550
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Posted: 08/12/05 - 08:26 Post subject:
Everybody should have disability insurance in addition to life insurance. ALWAYS! It even covers non-work related accidental injuries.
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 08/12/05 - 09:21 Post subject:
| Ms. Jenn wrote: | | I have a $150,000 25-year term through USAA for $14.83/month (that does not cover aviation deaths). I'm 31. |
Is that just small air craft or does that include commercial flights?
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