Page 1 of 5 12345 LastLast
Results 1 to 15 of 62

Thread: Life Insurance

  1. #1
    Starter
    Points: 11,464, Level: 32
    Level completed: 31%, Points required for next Level: 486
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points
    CyTom's Avatar
    Join Date
    Mar 2006
    Location
    Des Moines
    Posts
    706
    Points
    11,464
    Level
    32
    Thumbs Up
    Received: 0
    Given: 0

    Life Insurance

    Trying to decide between buying term life or perm life. What are some viewpoints?



  2. #2
    Rookie
    Points: 7,766, Level: 26
    Level completed: 36%, Points required for next Level: 384
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Sep 2006
    Location
    NE Iowa
    Posts
    446
    Points
    7,766
    Level
    26
    Thumbs Up
    Received: 0
    Given: 0

    Re: Life Insurance

    How are you feeling?



  3. #3
    Hall-Of-Famer
    Points: 70,318, Level: 82
    Level completed: 34%, Points required for next Level: 1,132
    Overall activity: 1.0%
    Achievements:
    Veteran50000 Experience Points
    isufbcurt's Avatar
    Join Date
    Apr 2006
    Location
    Des Moines
    Posts
    4,295
    Points
    70,318
    Level
    82
    Thumbs Up
    Received: 300
    Given: 616

    Re: Life Insurance

    Quote Originally Posted by Jerry1982 View Post
    How are you feeling?
    perm life!!!!!



  4. #4
    Hall-Of-Famer
    Points: 49,581, Level: 68
    Level completed: 88%, Points required for next Level: 169
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    SuperCy's Avatar
    Join Date
    Nov 2006
    Location
    Smallville/Metropolis
    Posts
    3,880
    Points
    49,581
    Level
    68
    Thumbs Up
    Received: 2
    Given: 0

    Re: Life Insurance

    I'm gonna live forever. FAME!!!



    What ever happened to truth, justice and the American Way?

  5. #5
    Hall-Of-Famer
    Points: 64,791, Level: 78
    Level completed: 97%, Points required for next Level: 59
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    Cyclonesrule91's Avatar
    Join Date
    Apr 2006
    Location
    Waukee
    Posts
    4,923
    Points
    64,791
    Level
    78
    Thumbs Up
    Received: 9
    Given: 44

    Re: Life Insurance

    Term insurance all the way



  6. #6
    Legend
    Points: 385,722, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    23,593
    Points
    385,722
    Level
    100
    Thumbs Up
    Received: 411
    Given: 282

    Re: Life Insurance

    I dont care. Ill be dead. =) I havent gotten any life insurance yet. I have mortgage insurance which Im debating on changing. That will pay for the mortgage in case I or my wife dies. But it decreases over time. Who is a good life insurance provider?



  7. #7
    Pro
    Points: 32,778, Level: 55
    Level completed: 76%, Points required for next Level: 272
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    4VR4CY's Avatar
    Join Date
    Aug 2007
    Location
    Ankeny, IA
    Posts
    3,468
    Points
    32,778
    Level
    55
    Thumbs Up
    Received: 0
    Given: 0

    Re: Life Insurance

    I have whole life (perm). It is the difference between renting (term) vrs buying (whole/perm). I use:

    Scott Schmailzl, LUTCF
    New York Life Insurance Company
    4900 University Ste.225
    West Des Moines, IA 50266
    Business Phone: 515-453-1356
    Cell Phone: 641-780-4740


    Just in case you didn't know... I'm a girl.

  8. #8
    Rookie Achievements:
    Veteran5000 Experience Points
    rte4st8's Avatar
    Join Date
    Nov 2006
    Location
    Urbandale
    Posts
    445
    Thumbs Up
    Received: 0
    Given: 0

    Re: Life Insurance

    I do part term to pay of the mortgage and provide for the kids college in case something happened prior to either one not being provided for prior to death and part perm to pay for funeral and final expenses at death. example $350,000 term about $35 per month and $100,000 perm for $50 per month.


    "where there is pain, let us bring grace. for those afraid, let us be brave. where there is misery, let us bring relief. let us be the remedy" dc*b

    http://billclarkproject52.blogspot.com/

  9. #9
    Pro
    Points: 42,635, Level: 63
    Level completed: 76%, Points required for next Level: 315
    Overall activity: 1.0%
    Achievements:
    VeteranCreated Album pictures25000 Experience Points
    clones26's Avatar
    Join Date
    Nov 2006
    Location
    Urbandale
    Posts
    2,528
    Points
    42,635
    Level
    63
    Thumbs Up
    Received: 10
    Given: 6

    Re: Life Insurance

    not term unless you plan on dying in that time frame, otherwise all the money you put back is lost in the end, go with the perm. Maybe even universal, it seems to be good.



  10. #10
    Addict
    Points: 82,345, Level: 89
    Level completed: 22%, Points required for next Level: 1,405
    Overall activity: 8.0%
    Achievements:
    SocialVeteran50000 Experience Points
    tigershoops31's Avatar
    Join Date
    Apr 2006
    Location
    Ames
    Posts
    5,393
    Points
    82,345
    Level
    89
    Thumbs Up
    Received: 13
    Given: 45

    Re: Life Insurance

    [quote=4VR4CY;200984]I have whole life (perm). It is the difference between renting (term) vrs buying (whole/perm).

    For the term though can't you re-up guaranteed at the end of your term for a certain rate? I'm sure that's what we got here recently. If not I better start eating like crap and not exercising to make sure I get my money's worth before my term's up...well crap I guess I've already been doing (or not doing) those things



    Im just glad I have Homan as my bodyguard, Eustachy joked. If I ever make it real big and get to drive a limo everyday, hell be driving it. I thought he came off the bench like somebody was stealing his cow or something.

    http://blogs.dmjuice.com/?cat=43

  11. #11
    Pro
    Points: 32,778, Level: 55
    Level completed: 76%, Points required for next Level: 272
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    4VR4CY's Avatar
    Join Date
    Aug 2007
    Location
    Ankeny, IA
    Posts
    3,468
    Points
    32,778
    Level
    55
    Thumbs Up
    Received: 0
    Given: 0

    Re: Life Insurance

    Oh, perm (whole) you can use as an asset when taking out a loan, etc. It gains in value over your life. Term is more expensive the older you get and usually resets in price every year to every 5 years. If you talk to a good financial adviser, they will do a whole survey for you and let you know how much you may need (make sure they go though this with you or you might be oversold by some) and give you options based on the amount per month you can afford to pay.


    Just in case you didn't know... I'm a girl.

  12. #12
    Legend
    Points: 385,722, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    23,593
    Points
    385,722
    Level
    100
    Thumbs Up
    Received: 411
    Given: 282

    Re: Life Insurance

    Why does it cost so much to die. I told my wife to throw me in a homemade box and dump me under the lawn. Im not picky.



  13. #13
    Pro
    Points: 32,778, Level: 55
    Level completed: 76%, Points required for next Level: 272
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    4VR4CY's Avatar
    Join Date
    Aug 2007
    Location
    Ankeny, IA
    Posts
    3,468
    Points
    32,778
    Level
    55
    Thumbs Up
    Received: 0
    Given: 0

    Re: Life Insurance

    Everyone says that about themselves. But, put yourself in your wife's shoes. She would want to do the best for you and would also want to live comfortably as well. Everyone always says they will sell their house and use that money. What if the market is like it is now with housing when you die. You will leave your wife with bills she can't pay, stress, no time to mourn b/c she has to worry about bills, etc.

    Can you tell I have my Life insurance license, Series 6 and Series 63? I would offer to be your agent, but I am not beating the streets at this point.

    Edit: Also, beware of your work insurance. You can take it with you (term) but at a much higher rate than normal. What if you are laid off? It is better to have a little at work (usually low cost) and buy some on your own.


    Just in case you didn't know... I'm a girl.

  14. #14
    Addict
    Points: 82,345, Level: 89
    Level completed: 22%, Points required for next Level: 1,405
    Overall activity: 8.0%
    Achievements:
    SocialVeteran50000 Experience Points
    tigershoops31's Avatar
    Join Date
    Apr 2006
    Location
    Ames
    Posts
    5,393
    Points
    82,345
    Level
    89
    Thumbs Up
    Received: 13
    Given: 45

    Re: Life Insurance

    Quote Originally Posted by bostinelosd View Post
    Why does it cost so much to die. I told my wife to throw me in a homemade box and dump me under the lawn. Im not picky.
    Just make sure she doesn't remember that if you have a heated argument some time...now you've posted your consent on the information superhighway so I don't know how the courts would rule on it



    Im just glad I have Homan as my bodyguard, Eustachy joked. If I ever make it real big and get to drive a limo everyday, hell be driving it. I thought he came off the bench like somebody was stealing his cow or something.

    http://blogs.dmjuice.com/?cat=43

  15. #15
    Legend
    Points: 385,722, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    23,593
    Points
    385,722
    Level
    100
    Thumbs Up
    Received: 411
    Given: 282

    Re: Life Insurance

    Oh i have no problem leaving her financially ok. I would get the insurance for her sake. I just dont want her to go overboard with my funeral and burial. I dont need a pretty casket. Just a wooden box with a cyclone on the side.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • Football
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 11:00 AM