Life Insurance Rates Term

Posts Tagged ‘life insurance policy’

My father is 60, smoker and taking Zocor. Normal weight. The quotes I have seen for a 10 yr term for $150,000 are $180 a month. Does that seem right? Anyone know a cheaper one? Basically I inherit the house while my relative gets the cash, so it’s all fair. I would make the payments and leave my relative as the beneficiary. Thanks
the reason I have to get the life ins is because he is leaving me the swanky $400K California home. Meanwhile I have to give my sister $150K in cash to make it even (per my father). Since I don’t have that kind of cash (I’m 35) I need life ins now in case he passes away this decade. My father wants me to take out a 2nd mtg upon his death, but I told him that would add $700 monthly to the existing mortgage payment for 30 years (I pay that too) so I’d rather pay $200 for 15 years now. Oh and he’s on board. He knows I would have to sell the house to pay off my sister, so this is the only way to have the cash. All good answers! I will probably get a 15 year term and worry about what I’ll do if he lives to be 75.
in the history of may family 1 male lived past 70. that’s why I think if I insure him till 75 I’l be fine. The L.A. house is worth $400K but we owe $80K. I’ll have no problem paying the mtg and bills, since I do it now. However if he died tomorrow, and I owed my sis $150K, I’d be screwed and have to sell. All the answers are taking into account that he’ll live past 75 and I should save the money instead, but I’m worried about him getting by a bus tomorrow and me having to sell the house. I don;t want the cash, I want to keep the house. I graduated high school from that house

www.equote.com Before selecting a particular term life insurance policy, get your free term life insurance quotes from EQUOTE.

Over time, things change. Your pay goes up, or down, you have more children, you buy a new house, you get married, etc. So when’s the last time you looked at, or even thought about your life insurance policy to make sure it matches your current financial situation? If it’s been more than a couple of years, it makes sense to call your life insurance agent. In this video, Byron Udell, founder and CEO of AccuQuote explains why it’s important to conduct a mid-year life insurance checkup.

…and it cost $5717.28 is that what I’m supposed to pay monthly or yearly or for the whole 20 years?
I have high blood pressure. but it’s controlled since i’m taking medicine and eating healthy.
I have one son from previous marriage. I’m 49 years old.

I am interested in a term life insurance policy for myself and mywife. We are 50 and 51 years of age and in overall good health.We are both overweight according to Farmers insuranceguidelines. Everything was fine with regards to our health exceptfor their restrictions about the weight issue.My question: What are we supposed to do in order to be insuredwith a reputable company ?We would be willing to pay a higher premium if necessary.Could you Please recommend some insurance companys thatprovide flexibility with regard to weight.

My parents got me a whole life insurance policy when I was young. Now I’m 24 and have a full time job (have worked here for over a year) and am receiving term life insurance from my employer.

Do you think it would be a smart idea to cash in my Whole Life policy and pay off all of my debt. Instead of paying high interest rates and barely getting any of the principal paid off i could pay it all off and save my money for other things.

I don’t need two insurance policies right?! I am engaged but I don’t have any children, and don’t plan to for another 5-6 years.

P.S. I’m not really looking for advice on getting an extra job, I’m looking for financial advice about Insurance.

I have a Bachelors degree, I can do freelance work if i have to. I already work full time tho so I am avoiding getting another job. I would rather be broke than stressed to death, hah.
I do own the policy, its in my name. I already talked to my parents about it and they are fine with any decision i make.
Yall are giving me some really good things to think about. Appreciate the advice

I’m just now starting to understand all of my insurance/disability/and 401k stuff, and man is it confusing!

I’m 35, I have two daughters (age 10 and 5 months) plus two step sons and a fiance. I’m at a point in my life where I want to purchase life insurance to take care of my kids. I work for the government and won’t be legally able to retire for another 17 years. I only have one policy (paid for by my work) for 48K and this is not enough. I want to take out a policy for 1,000,000. Should I go with the 10 year term life insurance and re-enroll when I am 45? What are the chances that the lock in rates will go up or down based on historical evidence? If you were in my shoes what would you do? I’ve already considered whole life but honestly I can’t afford the premiums on whole life for this sort of policy (although I haven’t looked) and I’d rather invest the difference in IRA’s for the next X amount of years.

I’m considering either the 10, 30 or 35 year term. What do you think?

Thanks for all replies!!
I was thinking of taking out a 1-2 mil policy now for a 10 year term and decrease the amount as I get older and my kids get older. I figure when it’s time to renew I can take out a smaller policy every so many years until the kids are old enough to take care of themselves and then when I am real old I will only need enough just to cover my funeral expenses and a little something for the kids/grandkids. DOes that help?
I don’t know if I am misconceived about the notion that if I go with a longer term and say I died just after the insurance took effect, my kids would get the amount of the insurance policy minus the premiums owed for that many years (say 35 year term life) – is this correct or am I overanalyzing?

I currently have a term life insurance policy and am considering converting it to a whole life policy. I’m married with no kids. My wife has her own life insurance and retirements already in place. We are not going to have children. The main reason I was interested in the Whole Life was the investing portion to supplement my current mutual fund retirement. Should I pay the extra premiums for the Whole life or should I keep the term life and put the extra money into a Roth IRA? Any advice would be great. Thank you

I need a small at least term life insurance policy becasue I have no assests and know my children can not afford my burial etc.. However I have had and do have numerous medical problems which means I will either get denied or rated so high I may not be able to afford it.. Any suggestions or where to start.. Thanks

Hi,

I am paying $97.21/month for a ROP (Return on Premium) term life insurance policy of $750K for 30 years with State Farm. So at the end of my 30 years, I will be getting back $34,995.60 ($97.21 x 360).

Do you think this is a good quote for the term and price?
But I would still have to pay 25% tax rate which comes out to $40,000 which is still greater than $35,000.
Because I was thinking of investing the difference in Mutual Funds. I’m already maxing out my Roth IRA.