Life Insurance
- Thread starter CyTom
- Start date
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?
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
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
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.
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.
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.
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 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
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
Well im hoping she waits till I die first before heading to the lawn. =)
Don't worry about it. If Hillary gets elected eventually that will be a Government program as well.:arghh:
You just had to get political, didn't you? :wink:
Have your requests put in your will. You do have one of those, right?
Have your requests put in your will. You do have one of those, right?
I work in life/health and I'll say one thing and one thing only about which is better...
It depends.
