By: SM
Question on Life insurance – what happens after 30 years (and I do not die in that 30 years) ? Do they pay me that million (or whatever amount I chose) and/or the amount I paid as premium annually?
View ArticleBy: Sean
Thanks for a great post. You helped me to make the decision to get serious about life insurance. My wife’s father died leaving 5 kids still in the house and I want to make sure we are now prepared if...
View ArticleBy: Jeff Rose
@SM if you buy a standard term life insurance policy, then the premiums you pay over that 30 years is gone. Think of it like auto or home insurance. You really don’t want to cash in on it but if you...
View ArticleBy: Jeff Rose
@ Sean. You’re very welcome! $2.5 million might be too much for what you need right now, but making sure you have some life insurance coverage is a must. Let me know if you have any questions!
View ArticleBy: Lance@MoneyLife&More
At my point in life my employer life insurance would cover me completely. However, if I ever take on my debt with a bigger house or have kids I know I need to buy much more insurance. I’m glad you got...
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By: Nick
I have quite a bit of life insurance on me – I’ll be repricing it in the next year or so – got it 3 years ago. Not quite $2.5 mil but it’s up there. I may go up to $2.5 though – it’s definitely...
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By: Jeff Rose
@ Lance. Here’s one thing to consider regarding buying life insurance through your employer that you may want to consider. Even have a video, too.
View ArticleBy: Joel
Call me devil’s advocate, but I’ve heard a quote (not sure of the source) that goes like… “How much life insurance do I need?” “Enough to get your wife by until she remarries.” (which WILL happen!)
View ArticleBy: sandra
my spouse is sick with liver and kidney problems .can I get a life insurance policy that covers this? If so which one ?
View ArticleBy: Jeff Rose
@ Sandra It depends on the severity of the illnesses. We’ve been able to get clients approved for high risk conditions but it will usually cost more. Contact our office for more information.
View ArticleBy: Erika0123
When I was a baby my parents had gotten a 1 million dollar life insurance plan you me and paid it off already, my mother just told me the other day that when I had turned 18 that I could cash it if I...
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By: Jeff Rose
@ Erika Did they buy you some sort of cash value life insurance policy? Like a whole life policy? If so, it could have accumulated some sort of cash value. Note: it won’t be $1 million dollars.
View ArticleBy: Sandra parr
What is health class? I have had thyroid cancer and breast cancer but have been cancer free for five years. Non smoker. Active lifestyle. What is my health class?
View ArticleBy: Jeff Rose
@ Sandra We wouldn’t know until we actually submitted a life insurance application. At that point, every insurance company may look at your profile differently. For example, I had one client that was a...
View ArticleBy: Heather
Hi! What quote engine did you use in your example for this article? Thanks!
View ArticleBy: Jeff Rose
@ Heather It’s actually the same quoter that I have on my site currently just an older version.
View ArticleBy: Angie
I would like to have enough to mortgages and have money left for the surviving spouse and children. You gave me much to think about.
View ArticleBy: Brittney @ Life On A Discount
Interesting post. We are in our late 20’s and both have $500,000 30 year term life insurance policies. I actually make twice as much as my husband, but we have agreed that the policies are what we need...
View ArticleBy: Jeffrey
Used to preach, buy term, invest the difference… But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for...
View ArticleBy: Bhargav
Hello, I am interested in Life insurance, I am 29, single and recently laid off. I have high student loans, and consumer debt. I am also head of the household as my parents are disabled. What would be...
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