Life Insurance Rates Term

Posts Tagged ‘Should’

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

He is 55 (we have no children) and the rates for $100,000 would be: $435.00 per year for 20 years, $640.00 for 25 years and $809.00 for 30 years. We’re stuck which one to go with, any opinions? thanks

There are so many offers coming by mail, phone and adds. I am still healthy want to buy some term life. Don’t know who to trust what is fair rates what are not. Don’t know any one who has collected this type insurance. Have you

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!

Ok. Here’s my situation.
I recently submitted a request for term life and after sorting through the number of agents that called my house, I decided to go with an agent that works for one of there very strong A+ rated companies but also runs his own financial firm.
He came to my house and I answered questions and took blood tests,etc.
I received a letter from the insurance company that I had been accepted as standard+ due to information from my medical records . I guess something they found didn’t meet their underwriting requirements. By being in the standard+ class the monthly premiums are about $30-40 more a month.
I am a 32 year old in good health and weight. I am however on an anti-anxiety drug for panic attacks which I’ve had since high school.
My agent tells me he’s going to “shop the market”to see if any other companies will take me on in a better class. But he tells me he hasn’t gotten any calls.
Should I contact a company or independent broker and start all over?

My husband and I currently have a 20 year term life insurance policy. We are switching companies because we were paying too much at State Farm. I’m 30 and he is 33 and we are both in very good health. We have a 9 month old baby boy and our policies are for $500,000 each. The rate I’m getting is $45 for both of us for the 20 year term and $70 for both of us for the 30 year term. Which one should I go with?
I know it will be expensive to get a new policy in 20 years when it expires but won’t it be even more expensive when i have to get a new policy in 30 years when i’m 60?

Genworth is in financial trouble.

Their bonds have been downgraded to Baa1 (still investment grade, but I would expect better from an insurance company)

Stocks in the tank.

Losing ludicrous amounts of money.

Their insurance ratings are still decent, but those rating companies give just about everyone an A or higher, so I don’t trust ‘em.

http://online.wsj.com/article/SB122641820309017419.html?mod=googlenews_wsj

I spoke to an agent and he recommended life insurance (since in the future I plan on having a family, kids husband). Term insurance for 10 20 or 30 years is pretty cheap ranging from 10-16 bucks a month for me, whole life is A LOT more. I understand the rate for whole life will just keep going up as i get older, but he said it would make sense for me to get term just so I can take the medical test and in the future 10 years (or before the term life insurance expires) I decide to get a whole life policy with the same company (met life) they would still quote me a premium at the health I had when I got my term policy (in case my health were to worsen)….

Am i Making sense..
So basically he said to get the term insurance just so I can take the test now and wont have to in the future (20-30 years) which by then who knows what my health may be….My age will pay a factor at that time at how much whole life will be, but my health work for me and not against me….

What do you say? (then by 20 years I can really see if im going the route of having kids etc)

I am concerned about having to pay more now that five years have passed and I am in a different age range (associated with higher rates). Is my insurance policy secure? What if AIG goes under?

I’m 39 and have life insurance through my employer. I could probably obtain private life insurance for the same rate.

Is it wise to get non-employer term life insurance now (before I’m 40)?

I may not stick with my current employer for another ten or twenty years, but I’ll probably be here for a few years. Is there any downside to waiting to obtain term life insurance elsewhere?
Solution243–Looks like you have no real answers but send everyone garbage links (for scam, perhaps?). Or maybe the same link (from you) really does answer both this question AND someone else’s question about how much he should be paid for working at a deli in New Jersey.
I work for the federal government. The rate is decent, though I might be able to get a little better.