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  • January 18, 2011 at 2:33 PM #656637
    abell
    Participant

    Insurance agents are funny when you ask them about amounts for life insurance. The one that worked with us suggested we insure my husband at a level so that if my husband died so that I remain a stay at home mom. I thought that was crazy, as at that time I was pregnant (and had a 2 year old), and I was not going to add up 18 years of my husbands income to determine the amount on top of everything else we wanted to include (we put two years of current income just to give me time to adjust and find work).

    January 18, 2011 at 7:42 PM #655610
    CDMA ENG
    Participant

    Hmmm.

    Lots of good points here.

    Off to do more research.

    Thanks all,

    CE

    January 18, 2011 at 7:42 PM #655672
    CDMA ENG
    Participant

    Hmmm.

    Lots of good points here.

    Off to do more research.

    Thanks all,

    CE

    January 18, 2011 at 7:42 PM #656270
    CDMA ENG
    Participant

    Hmmm.

    Lots of good points here.

    Off to do more research.

    Thanks all,

    CE

    January 18, 2011 at 7:42 PM #656409
    CDMA ENG
    Participant

    Hmmm.

    Lots of good points here.

    Off to do more research.

    Thanks all,

    CE

    January 18, 2011 at 7:42 PM #656736
    CDMA ENG
    Participant

    Hmmm.

    Lots of good points here.

    Off to do more research.

    Thanks all,

    CE

    January 19, 2011 at 4:02 PM #655991
    beanmaestro
    Participant

    On the financial aid issue, there are several ways around that (grandparents saving, IRA’s, home equity, foreign banks, cash), but some will lose their “invisibility” as the FAFSA evolves. Whole life may or may not be sheltered in 10-15 years…

    January 19, 2011 at 4:02 PM #656052
    beanmaestro
    Participant

    On the financial aid issue, there are several ways around that (grandparents saving, IRA’s, home equity, foreign banks, cash), but some will lose their “invisibility” as the FAFSA evolves. Whole life may or may not be sheltered in 10-15 years…

    January 19, 2011 at 4:02 PM #656650
    beanmaestro
    Participant

    On the financial aid issue, there are several ways around that (grandparents saving, IRA’s, home equity, foreign banks, cash), but some will lose their “invisibility” as the FAFSA evolves. Whole life may or may not be sheltered in 10-15 years…

    January 19, 2011 at 4:02 PM #656788
    beanmaestro
    Participant

    On the financial aid issue, there are several ways around that (grandparents saving, IRA’s, home equity, foreign banks, cash), but some will lose their “invisibility” as the FAFSA evolves. Whole life may or may not be sheltered in 10-15 years…

    January 19, 2011 at 4:02 PM #657118
    beanmaestro
    Participant

    On the financial aid issue, there are several ways around that (grandparents saving, IRA’s, home equity, foreign banks, cash), but some will lose their “invisibility” as the FAFSA evolves. Whole life may or may not be sheltered in 10-15 years…

    January 20, 2011 at 1:57 PM #656516
    briansd1
    Guest

    Very timely subject.

    A friend of mine just asked about Life Insurance. He’s a retired veteran and is being offered a policy.

    Here are the details. What do you guys think? He’s 48 yo.

    SK in CV, can you take a quick look and give quick feedback?

    This sheet shows coverage amounts by age and rates.
    http://www.insurance.va.gov/sglisite/forms/8714%2810-08%29.pdf

    What is VGLI?
    VGLI is a program of post-separation insurance which allows Servicemembers to convert their SGLI coverage to renewable term insurance. Members with full-time SGLI coverage are eligible for VGLI upon release from service.

    How Much Coverage is Available?
    VGLI coverage is issued in multiples of $10,000 up to a maximum of $400,000. However, a Servicemember’s VGLI coverage amount cannot exceed the amount of SGLI they had in force at the time of separation from service.

    How Much Does VGLI Cost?
    VGLI Premiums are based upon the separating member’s age. Premium rates were reduced effective July 1, 2008. Follow this link to view VGLI premium rates.

    http://www.insurance.va.gov/sglisite/VGLI/VGLI.htm#convert

    January 20, 2011 at 1:57 PM #656577
    briansd1
    Guest

    Very timely subject.

    A friend of mine just asked about Life Insurance. He’s a retired veteran and is being offered a policy.

    Here are the details. What do you guys think? He’s 48 yo.

    SK in CV, can you take a quick look and give quick feedback?

    This sheet shows coverage amounts by age and rates.
    http://www.insurance.va.gov/sglisite/forms/8714%2810-08%29.pdf

    What is VGLI?
    VGLI is a program of post-separation insurance which allows Servicemembers to convert their SGLI coverage to renewable term insurance. Members with full-time SGLI coverage are eligible for VGLI upon release from service.

    How Much Coverage is Available?
    VGLI coverage is issued in multiples of $10,000 up to a maximum of $400,000. However, a Servicemember’s VGLI coverage amount cannot exceed the amount of SGLI they had in force at the time of separation from service.

    How Much Does VGLI Cost?
    VGLI Premiums are based upon the separating member’s age. Premium rates were reduced effective July 1, 2008. Follow this link to view VGLI premium rates.

    http://www.insurance.va.gov/sglisite/VGLI/VGLI.htm#convert

    January 20, 2011 at 1:57 PM #657175
    briansd1
    Guest

    Very timely subject.

    A friend of mine just asked about Life Insurance. He’s a retired veteran and is being offered a policy.

    Here are the details. What do you guys think? He’s 48 yo.

    SK in CV, can you take a quick look and give quick feedback?

    This sheet shows coverage amounts by age and rates.
    http://www.insurance.va.gov/sglisite/forms/8714%2810-08%29.pdf

    What is VGLI?
    VGLI is a program of post-separation insurance which allows Servicemembers to convert their SGLI coverage to renewable term insurance. Members with full-time SGLI coverage are eligible for VGLI upon release from service.

    How Much Coverage is Available?
    VGLI coverage is issued in multiples of $10,000 up to a maximum of $400,000. However, a Servicemember’s VGLI coverage amount cannot exceed the amount of SGLI they had in force at the time of separation from service.

    How Much Does VGLI Cost?
    VGLI Premiums are based upon the separating member’s age. Premium rates were reduced effective July 1, 2008. Follow this link to view VGLI premium rates.

    http://www.insurance.va.gov/sglisite/VGLI/VGLI.htm#convert

    January 20, 2011 at 1:57 PM #657314
    briansd1
    Guest

    Very timely subject.

    A friend of mine just asked about Life Insurance. He’s a retired veteran and is being offered a policy.

    Here are the details. What do you guys think? He’s 48 yo.

    SK in CV, can you take a quick look and give quick feedback?

    This sheet shows coverage amounts by age and rates.
    http://www.insurance.va.gov/sglisite/forms/8714%2810-08%29.pdf

    What is VGLI?
    VGLI is a program of post-separation insurance which allows Servicemembers to convert their SGLI coverage to renewable term insurance. Members with full-time SGLI coverage are eligible for VGLI upon release from service.

    How Much Coverage is Available?
    VGLI coverage is issued in multiples of $10,000 up to a maximum of $400,000. However, a Servicemember’s VGLI coverage amount cannot exceed the amount of SGLI they had in force at the time of separation from service.

    How Much Does VGLI Cost?
    VGLI Premiums are based upon the separating member’s age. Premium rates were reduced effective July 1, 2008. Follow this link to view VGLI premium rates.

    http://www.insurance.va.gov/sglisite/VGLI/VGLI.htm#convert

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