Home › Forums › Financial Markets/Economics › Opinions requested on life insurance
- This topic has 145 replies, 18 voices, and was last updated 15 years, 7 months ago by
waterboy.
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April 24, 2010 at 7:31 PM #544530April 25, 2010 at 1:46 AM #543630
ybitz
Participant[quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! 🙂April 25, 2010 at 1:46 AM #543745Participant[quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! 🙂April 25, 2010 at 1:46 AM #544218Participant[quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! 🙂April 25, 2010 at 1:46 AM #544313Participant[quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! 🙂April 25, 2010 at 1:46 AM #544585Participant[quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! 🙂April 25, 2010 at 9:20 AM #543664waterboy
ParticipantEven though term rates have been slowly going up since the recent financial disaster, it is still the way to go. Purchase $1M of 20yr term for you & $500k 20 year for wife. Owning multiple policies/laddering might not be very cost effective as you have to pay multiple policy fees and might not hit the pricing bands/breakpoints.
Make sure it is convertable for the full 20 years without proof of insurability so that you can continue coverage after the 20 years if needed and/or health changes.
Use a broker/agency that has access to multiple carriers (10-15) as all of them look at your health differently and if the cheapest carrier sees you at Std risk another might see you as Pref and they can easily move your info over to other carrier.
No matter what sales pitch or pressure you might get to go with permanent product, it shouldn’t be necessary. Better to buy term and invest difference or use the difference to purchase DI or LTC coverage.
April 25, 2010 at 9:20 AM #543780ParticipantEven though term rates have been slowly going up since the recent financial disaster, it is still the way to go. Purchase $1M of 20yr term for you & $500k 20 year for wife. Owning multiple policies/laddering might not be very cost effective as you have to pay multiple policy fees and might not hit the pricing bands/breakpoints.
Make sure it is convertable for the full 20 years without proof of insurability so that you can continue coverage after the 20 years if needed and/or health changes.
Use a broker/agency that has access to multiple carriers (10-15) as all of them look at your health differently and if the cheapest carrier sees you at Std risk another might see you as Pref and they can easily move your info over to other carrier.
No matter what sales pitch or pressure you might get to go with permanent product, it shouldn’t be necessary. Better to buy term and invest difference or use the difference to purchase DI or LTC coverage.
April 25, 2010 at 9:20 AM #544253ParticipantEven though term rates have been slowly going up since the recent financial disaster, it is still the way to go. Purchase $1M of 20yr term for you & $500k 20 year for wife. Owning multiple policies/laddering might not be very cost effective as you have to pay multiple policy fees and might not hit the pricing bands/breakpoints.
Make sure it is convertable for the full 20 years without proof of insurability so that you can continue coverage after the 20 years if needed and/or health changes.
Use a broker/agency that has access to multiple carriers (10-15) as all of them look at your health differently and if the cheapest carrier sees you at Std risk another might see you as Pref and they can easily move your info over to other carrier.
No matter what sales pitch or pressure you might get to go with permanent product, it shouldn’t be necessary. Better to buy term and invest difference or use the difference to purchase DI or LTC coverage.
April 25, 2010 at 9:20 AM #544348ParticipantEven though term rates have been slowly going up since the recent financial disaster, it is still the way to go. Purchase $1M of 20yr term for you & $500k 20 year for wife. Owning multiple policies/laddering might not be very cost effective as you have to pay multiple policy fees and might not hit the pricing bands/breakpoints.
Make sure it is convertable for the full 20 years without proof of insurability so that you can continue coverage after the 20 years if needed and/or health changes.
Use a broker/agency that has access to multiple carriers (10-15) as all of them look at your health differently and if the cheapest carrier sees you at Std risk another might see you as Pref and they can easily move your info over to other carrier.
No matter what sales pitch or pressure you might get to go with permanent product, it shouldn’t be necessary. Better to buy term and invest difference or use the difference to purchase DI or LTC coverage.
April 25, 2010 at 9:20 AM #544620ParticipantEven though term rates have been slowly going up since the recent financial disaster, it is still the way to go. Purchase $1M of 20yr term for you & $500k 20 year for wife. Owning multiple policies/laddering might not be very cost effective as you have to pay multiple policy fees and might not hit the pricing bands/breakpoints.
Make sure it is convertable for the full 20 years without proof of insurability so that you can continue coverage after the 20 years if needed and/or health changes.
Use a broker/agency that has access to multiple carriers (10-15) as all of them look at your health differently and if the cheapest carrier sees you at Std risk another might see you as Pref and they can easily move your info over to other carrier.
No matter what sales pitch or pressure you might get to go with permanent product, it shouldn’t be necessary. Better to buy term and invest difference or use the difference to purchase DI or LTC coverage.
April 25, 2010 at 6:18 PM #543769LesBaer45
Participant[quote=ybitz][quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! :)[/quote]Pics of hot wife? Would she consider fooling around for those five years before remarrying?
Wait,,,this isn’t the “I’m Dying, Date my Wife” site? Crap, should have hit the back button one more time!
April 25, 2010 at 6:18 PM #543885Participant[quote=ybitz][quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! :)[/quote]Pics of hot wife? Would she consider fooling around for those five years before remarrying?
Wait,,,this isn’t the “I’m Dying, Date my Wife” site? Crap, should have hit the back button one more time!
April 25, 2010 at 6:18 PM #544357Participant[quote=ybitz][quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! :)[/quote]Pics of hot wife? Would she consider fooling around for those five years before remarrying?
Wait,,,this isn’t the “I’m Dying, Date my Wife” site? Crap, should have hit the back button one more time!
April 25, 2010 at 6:18 PM #544453Participant[quote=ybitz][quote=beanmaestro]
Both of us have engineering PhD’s
Wife is hot; Would remarry in 5 years if I died[/quote]
Hot wife with engineering PhD? Well done! :)[/quote]Pics of hot wife? Would she consider fooling around for those five years before remarrying?
Wait,,,this isn’t the “I’m Dying, Date my Wife” site? Crap, should have hit the back button one more time!
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