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Do you buy life insurance? How much is the death benefit?

1,436 50 November 9, 2010 at 07:53 AM in Question
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Joined Apr 2007
boop bloop?
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blo0op
11-09-2010 at 10:40 AM.
11-09-2010 at 10:40 AM.
Quote from Maleficent :
Sometimes people don't think of added expenses they'll incur with the loss of a parent, they tend to focus solely on the loss of income.


I think about it, but only because I've experienced how detrimental it can be firsthand.
I think that is the reason why we have the term on me in addition to each of our whole lifes...although we are thinking about dropping it to $100k just to lower the premium a bit but still keep my rating (I got super preferred...whee!woot)
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The Mistress of All Evil!
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Maleficent
11-09-2010 at 10:45 AM.
11-09-2010 at 10:45 AM.
Quote from blo0op :
I think that is the reason why we have the term on me in addition to each of our whole lifes...although we are thinking about dropping it to $100k just to lower the premium a bit but still keep my rating (I got super preferred...whee!woot)
Awesome, sounds like you got it all covered! It's always good to keep the rating - it's CRAZY how much it goes up as you get older. Like just term life in your 40s or 50s can be well over $100 a month. Faint
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boop bloop?
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blo0op
11-09-2010 at 10:51 AM.
11-09-2010 at 10:51 AM.
Quote from Maleficent :
Awesome, sounds like you got it all covered! It's always good to keep the rating - it's CRAZY how much it goes up as you get older. Like just term life in your 40s or 50s can be well over $100 a month. Faint
it is! i also work for an insurance company part time and i see all these seniors paying $30-$40 a month for like $3k of coverage!!!
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Joined Jan 2007
The Mistress of All Evil!
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Maleficent
11-09-2010 at 10:55 AM.
11-09-2010 at 10:55 AM.
Quote from blo0op :
it is! i also work for an insurance company part time and i see all these seniors paying $30-$40 a month for like $3k of coverage!!!
Yeah, that's NUTS!

I work in insurance, too! Roll
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IVIodel citizen
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Fallacy
11-09-2010 at 10:58 AM.
11-09-2010 at 10:58 AM.
Me three! Whee
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The Mistress of All Evil!
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Maleficent
11-09-2010 at 11:04 AM.
11-09-2010 at 11:04 AM.
Quote from IVIax :
Me three! Whee
Bigeye


Do you really?



I sometimes have trouble determining whether or not you're serious... Scratchchin
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slutsky
11-09-2010 at 11:05 AM.
11-09-2010 at 11:05 AM.
Quote from Maleficent :
Yeah, that's NUTS!

I work in insurance, too! Roll
I need to buy life insurance. So you have any suggestion'?

Metlife, sunlife, john hancock?

Quote from Maleficent :
Bigeye


Do you really?



I sometimes have trouble determining whether or not you're serious... Scratchchin
fireman.
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Last edited by slutsky November 9, 2010 at 11:06 AM.

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Joined Sep 2006
IVIodel citizen
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Fallacy
11-09-2010 at 11:07 AM.
11-09-2010 at 11:07 AM.
Quote from Maleficent :
Bigeye


Do you really?



I sometimes have trouble determining whether or not you're serious... Scratchchin
I do not, I told you, I save lives.
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Joined Dec 2006
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slutsky
11-09-2010 at 11:10 AM.
11-09-2010 at 11:10 AM.
Quote from IVIax :
I do not, I told you, I save lives.
The only people that I know might be able to receive double death benefit when they die during the working hours are the CEOs of previous AIG group.
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Joined Jan 2004
Here's to the future
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Iaaaiws
11-09-2010 at 11:11 AM.
11-09-2010 at 11:11 AM.
Quote from IVIax :
I do not, I told you, I save lives.
You change burned out bulbs in stop lights? OMG
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Fallacy
11-09-2010 at 11:11 AM.
11-09-2010 at 11:11 AM.
Quote from slutsky :
The only people that I know might be able to receive double death benefit when they die during the working hours are the CEOs of previous AIG group.
Maybe you don't know enough people then? Dontknow

Quote from Iaaaiws :
You change burned out bulbs in stop lights? OMG
Nah, I mop the floor so you don't slip and break your hip.
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Last edited by Fallacy November 9, 2010 at 11:11 AM.
Joined Dec 2006
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Original Poster
slutsky
11-09-2010 at 11:12 AM.
11-09-2010 at 11:12 AM.
Quote from IVIax :
Maybe you don't know enough people then? Dontknow



.
I meant the people who work in the insurance industry.
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Maleficent
11-09-2010 at 11:13 AM.
11-09-2010 at 11:13 AM.
Quote from slutsky :
I need to buy life insurance. So you have any suggestion'?

Metlife, sunlife, john hancock?



fireman.
Check with your current insurer - if you have your auto/home with one company, they'll usually give you a substantial discount on both for also having a life policy.

With some of our clients, because they had a home and a couple autos, we actually wrote a life policy for them that made them money - in other words, the cost the of the life policy was less than the discount they received on their other insurance.

Have your agent (if you don't have one, you can certainly find one to meet with) explain the different type of life policies they offer, and MAKE him or her iron out all the details, so you know exactly what you're paying for.

Just do a little research, make sure the company you go through is reputable. Most of the larger ones are.

Quote from IVIax :
I do not, I told you, I save lives.
You're a firefighter?! drool
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Fallacy
11-09-2010 at 11:14 AM.
11-09-2010 at 11:14 AM.
Quote from slutsky :
I meant the people who work in the insurance industry.
I never said I work in the insurance industry laugh out loud

Quote from Maleficent :
You're a firefighter?! drool
I will not get into more details about my profession.
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Joined Dec 2006
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Original Poster
slutsky
11-09-2010 at 11:16 AM.
11-09-2010 at 11:16 AM.
Quote from IVIax :
I never said I work in the insurance industry laugh out loud



I will not get into more details about my profession.
you said me three.

Quote from Maleficent :
Check with your current insurer - if you have your auto/home with one company, they'll usually give you a substantial discount on both for also having a life policy.

With some of our clients, because they had a home and a couple autos, we actually wrote a life policy for them that made them money - in other words, the cost the of the life policy was less than the discount they received on their other insurance.

Have your agent (if you don't have one, you can certainly find one to meet with) explain the different type of life policies they offer, and MAKE him or her iron out all the details, so you know exactly what you're paying for.

Just do a little research, make sure the company you go through is reputable. Most of the larger ones are.



You're a firefighter?! drool
So you are either sale rep. or underwriter. cool.
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Last edited by slutsky November 9, 2010 at 11:16 AM.
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