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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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slutsky
11-09-2010 at 08:08 AM.
11-09-2010 at 08:08 AM.
Quote from Count_Chocula :
$xxxxxxxxx.0x
Someone really doesn't want to lose you then, or you are in danger already.
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Last edited by slutsky November 9, 2010 at 08:14 AM.
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htin
11-09-2010 at 08:10 AM.
11-09-2010 at 08:10 AM.
2x salary amount
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Joined Sep 2006
IVIodel citizen
> bubble2 19,431 Posts
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Fallacy
11-09-2010 at 08:10 AM.
11-09-2010 at 08:10 AM.
Quote from htin :
2x salary amount
No cap?
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SnakePlisken
11-09-2010 at 08:12 AM.
11-09-2010 at 08:12 AM.
Quote from htin :
2x salary amount
$7.00/hr * 2 = $14?
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Kabn
11-09-2010 at 08:12 AM.
11-09-2010 at 08:12 AM.
just wait for one of your pseudo-friends to start bugging you about their great new job at SomeInsuranceCompany and all the great benefits they can offer you.

if i die, my wife gets 2x my yearly salary. if she dies, i get $5,000. i have both short-term and long-term disability. my employer pays for all this and gives me the option to purchase additional life insurance.
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> bubble2 1,436 Posts
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slutsky
11-09-2010 at 08:13 AM.
11-09-2010 at 08:13 AM.
Quote from IVIax :
If you die on the job or die to AD&D, you get double the amount. SCORE!
How does that work? An additional AD&D might do it, but if it is not AD&D, how can they double it. The company pays it from its pocket? Do you work for insurance company?
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> bubble2 19,431 Posts
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Fallacy
11-09-2010 at 08:14 AM.
11-09-2010 at 08:14 AM.
Quote from slutsky :
How does that work? An additional AD&D might do it, but if it is not AD&D, how can they double it. The company pays it from its pocket? Do you work for insurance company?
I have no idea how it works behind the scenes. It may be a separate policy. I don't plan on dieing at work laugh out loud
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silenze
11-09-2010 at 08:22 AM.
11-09-2010 at 08:22 AM.
my company pays for 2000x my hourly wage
they pay the premiums the insurance co pays out if you die
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Roland Deschain
11-09-2010 at 08:28 AM.
11-09-2010 at 08:28 AM.
Quote from Count_Chocula :
$xxxxxxxxx.0x
LOL

Quote from slutsky :
That certain amount is the same for all the employees? May I ask what is that amount?
how old are you again?
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Fallacy
11-09-2010 at 08:29 AM.
11-09-2010 at 08:29 AM.
Quote from Roland Deschain :
how old are you again?
He said he's x2. duh!
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Roland Deschain
11-09-2010 at 08:30 AM.
11-09-2010 at 08:30 AM.
Quote from SkeezaPleez :
We really do need a "Slutsky's Daily Question" thread.
Iagree

Quote from slutsky :
I don't see you put all your crappy comments in your own thread. So bite me.
I see you're adjusting to the lounge well at least.
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ashcampbell
11-09-2010 at 08:57 AM.
11-09-2010 at 08:57 AM.
Quote from slutsky :
That certain amount is the same for all the employees? May I ask what is that amount?
My company pays for 1x my yearly wage. This is the same for all "typical" employees. I cant say about the upper management.

I can buy disability, aflac-type short term, and additional life ins for wife, kid and myself.
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Last edited by ashcampbell November 9, 2010 at 08:58 AM.
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Original Poster
slutsky
11-09-2010 at 09:04 AM.
11-09-2010 at 09:04 AM.
Quote from ashcampbell :
My company pays for 1x my yearly wage. This is the same for all "typical" employees. I cant say about the upper management.

I can buy disability, aflac-type short term, and additional life ins for wife, kid and myself.

Thanks, I think my company has the same policy. Do your wife and kids get the same rate as yours?
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Iaaaiws
11-09-2010 at 09:09 AM.
11-09-2010 at 09:09 AM.
My company pays for some paltry amount--I think it may be $20,000 and we can purchase additional coverage beyond that which I choose not to do.

Why exactly should I spend any money on life insurance? Dontknow
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ashcampbell
11-09-2010 at 09:09 AM.
11-09-2010 at 09:09 AM.
For 2010 wife can = half of my current ins. But I'd need to buy additional ins for her to get added. Same with one kid but only up to 10k life ins.

2011 wife can = my lvl of insurance.
But unchanged for a child...I didn't read or ask if that included ages up to 26 or other rules for that child to be covered. My child is going on 2.
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