Term Life Insurance-Term Life Insurance Rates

lasagna asked:


so I am 35, husband 34. we have 2 kids(2 and 9 months) and 25 years left on our mortgage. had medical exams come back. I am preferred plus ( cheap as heck) husband came back standard (weight and cholesterol) I originally wanted 250,000 policies, but with my husbands rating that would be like 50 dollars a month alone. The last thing I want to do is go broke paying for insurance. Is a 20 or 30 year better for us? would 150,000 policy be okay. thank you

Eileen Andoh

Lyla asked:


my father passed away in 1991(he was 48), he had multiple life insurance policies. some were worth around $45,000 and others around $10,000. i believe he took them out in 1984. and i also believe they are term life insurance policies. for instance one says
“Face Amt. :$6700 Terminal Cash Value :$3659.94
Terminal Date: December 1, 2007″

now i was looking through the info my mom has about how much she was paid for these policies and this particular one she was only paid $39.98. now call me crazy but i believe she was supposed to receive $6700. wasn’t she? i ask now b/c we just found all these policies and the fact that she wasn’t paid any of them in full bothers me. like the one for around $50,000 she only received $119.32. seems like bs to me. i need some real help with this one. oh and the insurance company is New England Mutual Life Insurance in boston, ma, if that makes a difference. we lived in ny.

thanks
lyla

Herbert Coolbaugh

ehong33234@sbcglobal.net asked:


I am currently 30 years old and in excellent health but since I am getting ready to start a family, I want to be prepared for the future of my loved ones. After reading about different life insurance options, I am deciding to go with Term Life Insurance for 20 years.

Is it true that Term Life Insurance premiums don’t change throughout the life of the term? If so, shouldn’t I sign-up now while my annual payment will be low and locked in at this rate?

My employer offers a very small life insurance benefit that I am already a part of but I want more just in case.

While I am asking, are there any circumstances where a payout won’t be made if I were to die under a term life insurance plan? Is it guaranteed? What if I (God forbid) get Cancer or have a heart attack?

Thanks in advance!
Wow, what an amazing set of responses. Thank you!

To add to my details, I do work and make $60k annually. My wife just got laid-off so is temporarily unemployed.

Greg

shandeigh schebel asked:


How to find Affordable term life insurance quote?

Brendon Lascody

D4gotten1 asked:


What is primary difference between “whole” and “term” life insurance? I heard one was a scam/rip off; but no one knows which one.

Latrina Pilkerton

matt h asked:


I am expecting my first child by the end of the year. I want to purchase life insurance, but I would like to go through an independent agent/broker as they work with multiple companies and can get me the best rate. I have a very solid idea of what I want (20 – 30 yr. term, roughly $750K – $1MM). Where should I start looking? Google only turned up th expected advertising links and results for the big boys. I am new in my town, so no people to ask for referrals.

Thanks for the help!!

Libby Mu

nytroxbury asked:


Wanted to find out if getting universal life insurance would be hard or term life insurance is a better bet?

Elias Curl

rz asked:


My hubs is self employed, I don’t work and we’re hoping to start a family very soon. We don’t know enough to make an educated choice right now. We want to get the most for our money and heard there is a life insurance/investment plan where you can get interest on your plan and then get money out later… I would love it if someone could break this all down for me. Thanks!

Keven Chrones

Tucilac asked:


At what point in life should one stop buying term insurance?

Rashad Dubois

Thom A asked:


Option A is the basic plan that will pay about $43,000.00 @ $14.00 monthly. Option B is 5 times my salary prior to disability retirement which will pay about $205,000.00 @ $50.00 monthly.
My age is 49, and I would like to know if term or some type of whole life policies would be a better savings and pay-out.

This policy will be for the benefit of my two children.

George Bush