Opinions requested on life insurance

[LesBaer45]

[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!

[CBad]

I guess I’m in the minority for not doing big life insurance either. Our house is paid off, we have zero debt, have policies through work and have variable universal life that we bought maybe 13 years ago. I realize now that we should have done term vs. VUL but if that was the worst financial mistake I made in my early 20’s I guess I’m pretty lucky. Plan to borrow against VUL in retirement. I guess it never occurred to us to make the other “set for life” if we died. I think having several years to not have to worry about $ is a good idea.

[CBad]

I guess I’m in the minority for not doing big life insurance either. Our house is paid off, we have zero debt, have policies through work and have variable universal life that we bought maybe 13 years ago. I realize now that we should have done term vs. VUL but if that was the worst financial mistake I made in my early 20’s I guess I’m pretty lucky. Plan to borrow against VUL in retirement. I guess it never occurred to us to make the other “set for life” if we died. I think having several years to not have to worry about $ is a good idea.

[CBad]

I guess I’m in the minority for not doing big life insurance either. Our house is paid off, we have zero debt, have policies through work and have variable universal life that we bought maybe 13 years ago. I realize now that we should have done term vs. VUL but if that was the worst financial mistake I made in my early 20’s I guess I’m pretty lucky. Plan to borrow against VUL in retirement. I guess it never occurred to us to make the other “set for life” if we died. I think having several years to not have to worry about $ is a good idea.

[CBad]

I guess I’m in the minority for not doing big life insurance either. Our house is paid off, we have zero debt, have policies through work and have variable universal life that we bought maybe 13 years ago. I realize now that we should have done term vs. VUL but if that was the worst financial mistake I made in my early 20’s I guess I’m pretty lucky. Plan to borrow against VUL in retirement. I guess it never occurred to us to make the other “set for life” if we died. I think having several years to not have to worry about $ is a good idea.

[CBad]

I guess I’m in the minority for not doing big life insurance either. Our house is paid off, we have zero debt, have policies through work and have variable universal life that we bought maybe 13 years ago. I realize now that we should have done term vs. VUL but if that was the worst financial mistake I made in my early 20’s I guess I’m pretty lucky. Plan to borrow against VUL in retirement. I guess it never occurred to us to make the other “set for life” if we died. I think having several years to not have to worry about $ is a good idea.

[moneymaker]

[quote=HLS]

$100K policy is $110 a year.
$500K policy is $250 a year.
Lower coverage seems like a poor choice unless that’s all you can really afford.[/quote]

So doing the math in reverse it appears the agents cut is a flat fee of $75.

[moneymaker]

[quote=HLS]

$100K policy is $110 a year.
$500K policy is $250 a year.
Lower coverage seems like a poor choice unless that’s all you can really afford.[/quote]

So doing the math in reverse it appears the agents cut is a flat fee of $75.

[moneymaker]

[quote=HLS]

$100K policy is $110 a year.
$500K policy is $250 a year.
Lower coverage seems like a poor choice unless that’s all you can really afford.[/quote]

So doing the math in reverse it appears the agents cut is a flat fee of $75.

[moneymaker]

[quote=HLS]

$100K policy is $110 a year.
$500K policy is $250 a year.
Lower coverage seems like a poor choice unless that’s all you can really afford.[/quote]

So doing the math in reverse it appears the agents cut is a flat fee of $75.

[moneymaker]

[quote=HLS]

$100K policy is $110 a year.
$500K policy is $250 a year.
Lower coverage seems like a poor choice unless that’s all you can really afford.[/quote]

So doing the math in reverse it appears the agents cut is a flat fee of $75.

[Raybyrnes]

Where is that math coming from. Most agents will get between 80 to 110% of the first years premium and 10 to 20 % of the second year premium with residuals falling to 1 to 5% thereafter.

[Raybyrnes]

Where is that math coming from. Most agents will get between 80 to 110% of the first years premium and 10 to 20 % of the second year premium with residuals falling to 1 to 5% thereafter.

[Raybyrnes]

Where is that math coming from. Most agents will get between 80 to 110% of the first years premium and 10 to 20 % of the second year premium with residuals falling to 1 to 5% thereafter.

[Raybyrnes]

Where is that math coming from. Most agents will get between 80 to 110% of the first years premium and 10 to 20 % of the second year premium with residuals falling to 1 to 5% thereafter.

[Author]

Posts