Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Forum Thread

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

1,436 50 November 9, 2010 at 07:53 AM in Question
.................
Add a Comment
Reply

101 Comments

View Forum Thread

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2004
L10: Grand Master
> bubble2 27,804 Posts
541 Reputation
Pig
11-09-2010 at 09:09 AM.
11-09-2010 at 09:09 AM.
Quote from IVIax :
Same for all employees in my company and in my previous job it was the same way too.

If you die on the job or die to AD&D, you get double the amount. SCORE!
You a fireman or something?
Reply
Joined Sep 2006
IVIodel citizen
> bubble2 19,431 Posts
836 Reputation
Fallacy
11-09-2010 at 09:10 AM.
11-09-2010 at 09:10 AM.
Quote from Pig :
You a fireman or something?
I save lives? Dontknow
Reply
Joined Jun 2004
L10: Grand Master
> bubble2 27,804 Posts
541 Reputation
Pig
11-09-2010 at 09:10 AM.
11-09-2010 at 09:10 AM.
Quote from Iaaaiws :
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
I can pay your premiums for a 20 yr term life if you promise to make me the sole beneficiary Woot

Quote from IVIax :
I save lives? Dontknow
Ambulance driver Punk
Reply
Last edited by Pig November 9, 2010 at 09:11 AM.
Joined Jan 2004
Here's to the future
> bubble2 25,141 Posts
707 Reputation
Iaaaiws
11-09-2010 at 09:12 AM.
11-09-2010 at 09:12 AM.
Quote from Pig :
I can pay your premiums for a 20 yr term life if you promise to make me the sole beneficiary Woot
Send me your bank account information and I will make sure the money gets transferred if I die. Woot
Reply
Joined Oct 2009
Shop smart. Shop S-Mart!
> bubble2 4,052 Posts
168 Reputation
ashcampbell
11-09-2010 at 09:13 AM.
11-09-2010 at 09:13 AM.
Quote from Iaaaiws :
Why exactly should I spend any money on life insurance? Dontknow
So you can afford to have your head cryogenically frozen! You know for when the robot wars happen! Who doesnt want to be on the winning side? ;P
Reply
Joined Jan 2007
The Mistress of All Evil!
> bubble2 22,510 Posts
8,433 Reputation
Maleficent
11-09-2010 at 09:16 AM.
11-09-2010 at 09:16 AM.
Absolutely! I don't know why anyone wouldn't have life insurance. Unlike the possibility of something happening to your home or auto, you are going to die eventually.

We currently have $400,000 on DH, half is tied to his job, the other half we pay. We have $200,000 on me, none tied to my job, and $50,000 on DS.

We will probably be increasing those amounts by a fair amount in the next five years or so.
Reply
Joined Jan 2004
Here's to the future
> bubble2 25,141 Posts
707 Reputation
Iaaaiws
11-09-2010 at 09:19 AM.
11-09-2010 at 09:19 AM.
Quote from Maleficent :
Absolutely! I don't know why anyone wouldn't have life insurance.
I would rather have the money that I can use right now than future money that I will never be able to spend.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Sep 2006
IVIodel citizen
> bubble2 19,431 Posts
836 Reputation
Fallacy
11-09-2010 at 09:23 AM.
11-09-2010 at 09:23 AM.
Quote from Iaaaiws :
I would rather have the money that I can use right now than future money that I will never be able to spend.
That's very selfish. You should get life insurance and make your ex-wife the sole beneficiary.
Reply
Joined Jan 2007
The Mistress of All Evil!
> bubble2 22,510 Posts
8,433 Reputation
Maleficent
11-09-2010 at 09:26 AM.
11-09-2010 at 09:26 AM.
Quote from Iaaaiws :
I would rather have the money that I can use right now than future money that I will never be able to spend.
Well I don't know about your personal situation, but I have people in my life that I care for very much, people that depend on me and my income, people that would suffer a great deal if I died and left them with nothing.

I choose to use a small portion of the money I have now to make certain that if something happens to me, they'll have one less thing they need to worry about.
Reply
Joined Jan 2004
Here's to the future
> bubble2 25,141 Posts
707 Reputation
Iaaaiws
11-09-2010 at 09:27 AM.
11-09-2010 at 09:27 AM.
Quote from IVIax :
That's very selfish. You should get life insurance and make your ex-wife the sole beneficiary.
I have a big policy taken out on her. After a few more years I probably wouldn't still be considered the number one suspect Cool
Reply
Joined Sep 2006
IVIodel citizen
> bubble2 19,431 Posts
836 Reputation
Fallacy
11-09-2010 at 09:29 AM.
11-09-2010 at 09:29 AM.
Quote from Maleficent :
Well I don't know about your personal situation, but I have people in my life that I care for very much, people that depend on me and my income, people that would suffer a great deal if I died and left them with nothing.

I choose to use a small portion of the money I have now to make certain that if something happens to me, they'll have one less thing they need to worry about.
So what you're saying is that you're better than Iaaaiws?
Reply
Joined Jan 2007
The Mistress of All Evil!
> bubble2 22,510 Posts
8,433 Reputation
Maleficent
11-09-2010 at 09:30 AM.
11-09-2010 at 09:30 AM.
Quote from Iaaaiws :
I have a big policy taken out on her. After a few more years I probably wouldn't still be considered the number one suspect Cool
LMAO


Oh yeah, an ex that will be inheriting a large sum of money upon her death, why on earth would they investigate that! Rofl2
Reply
Joined Sep 2006
IVIodel citizen
> bubble2 19,431 Posts
836 Reputation
Fallacy
11-09-2010 at 09:31 AM.
11-09-2010 at 09:31 AM.
bulb bulb bulb bulb bulb bulb bulb bulb bulb bulb

I got it, I got it.

Iaaaiws, take out a LARGE life insurance policy on yourself, and make your ex-wife the sole beneficiary.

THEN, jump off a bridge...


It's a win-win situation!
Reply
Joined Jan 2004
Here's to the future
> bubble2 25,141 Posts
707 Reputation
Iaaaiws
11-09-2010 at 09:32 AM.
11-09-2010 at 09:32 AM.
Quote from Maleficent :
Well I don't know about your personal situation, but I have people in my life that I care for very much, people that depend on me and my income, people that would suffer a great deal if I died and left them with nothing.

I choose to use a small portion of the money I have now to make certain that if something happens to me, they'll have one less thing they need to worry about.
Fark 'em. They need to be tough to survive.


















Just kidding laugh out loud

I just don't have anybody that needs a free ride in the event of my death. Should that change in the future I will rethink the whole life insurance thing.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2007
The Mistress of All Evil!
> bubble2 22,510 Posts
8,433 Reputation
Maleficent
11-09-2010 at 09:32 AM.
11-09-2010 at 09:32 AM.
Quote from IVIax :
So what you're saying is that you're better than Iaaaiws?
Roll


No, I'm just saying I have people that depend on me - AFAIK, he's single with no kids, so he obviously wouldn't need that kind of life insurance since he has no one to support.


I do think everyone should at least have some life insurance to cover final expenses. It would be pretty awful to burden your family and make them pay several thousand dollars out of pocket if something should happen.
Reply
Page 3 of 7
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.