i need life insurance
11-28-2007 | 07:01 AM
#1
Thread Starter
Registered User
Joined: May 2002
Posts: 39,285
Likes: 1
From: Franklin MA
i need life insurance
so our new company Life Insurance sucks balls
50k max and then it's big bucks to increase it
any of you guys sell whole life insurance
looking for a 300k policy
50k max and then it's big bucks to increase it
any of you guys sell whole life insurance
looking for a 300k policy
11-28-2007 | 07:08 AM
#2
Joined: Feb 2004
Posts: 63,240
Likes: 3,275
From: Smalltown
Why do you want whole life insurance? We have a couple of those policies (small ones, not sure I'd bother again if we were making the choice now)
Can you take your life insurance with you if you ever leave your job? If so, adding to that policy may actually be cheaper than you think.
Be prepared to dish out $$$ for 300K in insurance. Folks who smoke pay a higher premium and you'll have to take a physical too. Buy as much as you can afford, as if you go to adjust the coverage down the line, any you have new health issues they can reject you for the extra coverage, and your only option will be to keep what you have.
If term insurance is OK, check SBLI of MA, and be sure to make me your beneficiary.
Can you take your life insurance with you if you ever leave your job? If so, adding to that policy may actually be cheaper than you think.
Be prepared to dish out $$$ for 300K in insurance. Folks who smoke pay a higher premium and you'll have to take a physical too. Buy as much as you can afford, as if you go to adjust the coverage down the line, any you have new health issues they can reject you for the extra coverage, and your only option will be to keep what you have.
If term insurance is OK, check SBLI of MA, and be sure to make me your beneficiary.
11-28-2007 | 07:22 AM
#5
Joined: Oct 2002
Posts: 34,113
Likes: 109
From: Canton, MA
Steve, why do you need more insurance? Insurance is essentially an instant estate to leave to your wife and children. If you have a 50K policy, that should be enough to pay the funeral costs, and pay the mortgage until your executor can sell the house. Make sure you have a will in place and a trust if you are leaving assets to children (nieces and nephews).
11-28-2007 | 07:28 AM
#7
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Joined: May 2002
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From: Franklin MA
that's the thing bill - i cant sell my house unless i invest 60k for title 5 unless it's sold to immediate family and a furnual these days is between 7-15k
and nope don't have a will yet
and nope don't have a will yet
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11-28-2007 | 07:29 AM
#8
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From: Groton, Connecticut
Originally Posted by Legal Bill,Nov 28 2007, 08:22 AM
Make sure you have a will in place and a trust if you are leaving assets to children (nieces and nephews).
11-28-2007 | 07:35 AM
#10
Joined: Jul 2002
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From: bolton
Originally Posted by Bass,Nov 28 2007, 12:28 PM
that's the thing bill - i cant sell my house unless i invest 60k for title 5 unless it's sold to immediate family and a furnual these days is between 7-15k
and nope don't have a will yet
and nope don't have a will yet