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HLS
ParticipantKCAL,,
Did you sign your docs yet ??Participant$1 Million 20 year term. Preferred MALE in CA
starting at
age 25 $425 a year
age 30 $438 a year
age 35 $450 a year
age 40 $645 a yearAt age 25 committing to paying $8,500 over 20 years
for $1 million in coverage doesn’t sound crazy.
The odds are you will waste the money but provide security to your family “just in case”If one had to choose, I’d say that protecting your family is more important than HBO or alcohol or other frivolous expenses.
There might even be a way to have your employer pay your premium with pre-tax dollars. Less than $40 a month.$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.Participant$1 Million 20 year term. Preferred MALE in CA
starting at
age 25 $425 a year
age 30 $438 a year
age 35 $450 a year
age 40 $645 a yearAt age 25 committing to paying $8,500 over 20 years
for $1 million in coverage doesn’t sound crazy.
The odds are you will waste the money but provide security to your family “just in case”If one had to choose, I’d say that protecting your family is more important than HBO or alcohol or other frivolous expenses.
There might even be a way to have your employer pay your premium with pre-tax dollars. Less than $40 a month.$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.Participant$1 Million 20 year term. Preferred MALE in CA
starting at
age 25 $425 a year
age 30 $438 a year
age 35 $450 a year
age 40 $645 a yearAt age 25 committing to paying $8,500 over 20 years
for $1 million in coverage doesn’t sound crazy.
The odds are you will waste the money but provide security to your family “just in case”If one had to choose, I’d say that protecting your family is more important than HBO or alcohol or other frivolous expenses.
There might even be a way to have your employer pay your premium with pre-tax dollars. Less than $40 a month.$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.Participant$1 Million 20 year term. Preferred MALE in CA
starting at
age 25 $425 a year
age 30 $438 a year
age 35 $450 a year
age 40 $645 a yearAt age 25 committing to paying $8,500 over 20 years
for $1 million in coverage doesn’t sound crazy.
The odds are you will waste the money but provide security to your family “just in case”If one had to choose, I’d say that protecting your family is more important than HBO or alcohol or other frivolous expenses.
There might even be a way to have your employer pay your premium with pre-tax dollars. Less than $40 a month.$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.Participant$1 Million 20 year term. Preferred MALE in CA
starting at
age 25 $425 a year
age 30 $438 a year
age 35 $450 a year
age 40 $645 a yearAt age 25 committing to paying $8,500 over 20 years
for $1 million in coverage doesn’t sound crazy.
The odds are you will waste the money but provide security to your family “just in case”If one had to choose, I’d say that protecting your family is more important than HBO or alcohol or other frivolous expenses.
There might even be a way to have your employer pay your premium with pre-tax dollars. Less than $40 a month.$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.ParticipantHi Ray,, interesting strategy but I think that laddering life insurance is pretty risky in itself as you may not qualify for a policy 10 years down the road at all so it also depends on if you want to gamble with coverage, and it’s more expensive to buy the older you get.
Premiums are likely to rise in the future as well.
20 years of coverage starting today may not cost much more than 10 years of coverage starting in 10 years.Perhaps it also depends on whether you plan on winning or losing the bet with the life insurance company.
If you win, the return on a policy is far better than money in a retirement account. If you lose the insurance company gets to keep your money but you are still around to talk about how much you wasted.
The only reason term policies lapse is because people stop paying the premiums.
Is the goal to allow the survivor to live a similar lifestyle or force them to scale down as suggested above ?
ParticipantHi Ray,, interesting strategy but I think that laddering life insurance is pretty risky in itself as you may not qualify for a policy 10 years down the road at all so it also depends on if you want to gamble with coverage, and it’s more expensive to buy the older you get.
Premiums are likely to rise in the future as well.
20 years of coverage starting today may not cost much more than 10 years of coverage starting in 10 years.Perhaps it also depends on whether you plan on winning or losing the bet with the life insurance company.
If you win, the return on a policy is far better than money in a retirement account. If you lose the insurance company gets to keep your money but you are still around to talk about how much you wasted.
The only reason term policies lapse is because people stop paying the premiums.
Is the goal to allow the survivor to live a similar lifestyle or force them to scale down as suggested above ?
ParticipantHi Ray,, interesting strategy but I think that laddering life insurance is pretty risky in itself as you may not qualify for a policy 10 years down the road at all so it also depends on if you want to gamble with coverage, and it’s more expensive to buy the older you get.
Premiums are likely to rise in the future as well.
20 years of coverage starting today may not cost much more than 10 years of coverage starting in 10 years.Perhaps it also depends on whether you plan on winning or losing the bet with the life insurance company.
If you win, the return on a policy is far better than money in a retirement account. If you lose the insurance company gets to keep your money but you are still around to talk about how much you wasted.
The only reason term policies lapse is because people stop paying the premiums.
Is the goal to allow the survivor to live a similar lifestyle or force them to scale down as suggested above ?
ParticipantHi Ray,, interesting strategy but I think that laddering life insurance is pretty risky in itself as you may not qualify for a policy 10 years down the road at all so it also depends on if you want to gamble with coverage, and it’s more expensive to buy the older you get.
Premiums are likely to rise in the future as well.
20 years of coverage starting today may not cost much more than 10 years of coverage starting in 10 years.Perhaps it also depends on whether you plan on winning or losing the bet with the life insurance company.
If you win, the return on a policy is far better than money in a retirement account. If you lose the insurance company gets to keep your money but you are still around to talk about how much you wasted.
The only reason term policies lapse is because people stop paying the premiums.
Is the goal to allow the survivor to live a similar lifestyle or force them to scale down as suggested above ?
ParticipantHi Ray,, interesting strategy but I think that laddering life insurance is pretty risky in itself as you may not qualify for a policy 10 years down the road at all so it also depends on if you want to gamble with coverage, and it’s more expensive to buy the older you get.
Premiums are likely to rise in the future as well.
20 years of coverage starting today may not cost much more than 10 years of coverage starting in 10 years.Perhaps it also depends on whether you plan on winning or losing the bet with the life insurance company.
If you win, the return on a policy is far better than money in a retirement account. If you lose the insurance company gets to keep your money but you are still around to talk about how much you wasted.
The only reason term policies lapse is because people stop paying the premiums.
Is the goal to allow the survivor to live a similar lifestyle or force them to scale down as suggested above ?
ParticipantYawn… what’s another $974 MILLION when you’re already broke…..
57 bank failures so far this year, not even one-third into the year.ParticipantYawn… what’s another $974 MILLION when you’re already broke…..
57 bank failures so far this year, not even one-third into the year.ParticipantYawn… what’s another $974 MILLION when you’re already broke…..
57 bank failures so far this year, not even one-third into the year. -
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