Comments on: Further Thoughts on Life Insurance

By: Bob

Bob — Fri, 13 Nov 2009 16:11:46 +0000

Why not have a term policy should be the question. I’m single, plan on having kids, 28 and have $500,000 of coverage that is convertable to whole life up to age 60. This costs me $23/mo. That’s the cost of a few beers after work. Again, why not? Locking in my insurability at optimal health. It’s portable. I dont have to worry about it when I do get married. And my future wife will be thankful that I took care of this now. I’m not getting any younger and premiums will only go up. Now I can have a beer gut and not worry about what rating I’ll be, ha (j/k). Anyway, love the comments, just thought I’d throw in my 2 cents.

By: Basic Questions on Life Insurance Basics: Part 2

Basic Questions on Life Insurance Basics: Part 2 — Fri, 18 Sep 2009 13:23:36 +0000

[...] numbers convincingly tell us that Term Life is a better buy for the money than Whole Life. One more detail about the Whole Life: when the insured person dies, the payoff from the insurance [...]

By: Give Whole Life Insurance a Fair Comparison – Get Illustrations and Compare! | My Journey to Millions

Tue, 19 May 2009 04:40:13 +0000

[...] Further Thoughts on Life Insurance? PT Money [...]

By: Denise

Denise — Fri, 27 Mar 2009 07:02:15 +0000

You should use as many online insurance quote providers as you can. Choose sites that are certified by the Better Business Bureau and preferably with good referrals from respected financial media such as Forbes, or CNNMoney. Shopping around online can help you compare and evaluate quotes from multiple life insurance companies. Since it is a competitive business, you’re likely to find some good deals. For just a few dollars more, some may include free riders, waiver options, convertability options, etc. You may also want to choose online providers who offer ratings of the insurance company along with a free quote. The best rating is A++. Check out free term life insurance quotes. Denise @ AccuQuote

By: The Life Insurer

The Life Insurer — Thu, 26 Mar 2009 02:24:57 +0000

I’m not quite sure what you are referring to as a “black hole.” Is it their lifestyle or the life insurance they purchase to protect the lifestyle.

By: Libby | term life insurance

Libby | term life insurance — Wed, 25 Mar 2009 21:13:47 +0000

This is great information. I know that as a single adult I have disability insurance but have chosen not to get life insurance because what I have saved would cover my funeral costs if anything happened to me. I have no one that relies on my income. I’m glad this article validates what I have decided to do.

By: PT

PT — Wed, 25 Mar 2009 19:37:44 +0000

@The Life Insurer – I would say any thoughtful couple would make the “choice” now, and not spend years making payments into some blackhole.

By: The Life Insurer

The Life Insurer — Wed, 25 Mar 2009 18:47:59 +0000

I would contend that the surviving spouse should be given the choice of continuing the lifestyle they have become accustomed to living, rather than needing to make some adjustments to a single person lifestyle, as you suggested. A life insurance policy would give one the choice.

By: PT

PT — Wed, 25 Mar 2009 17:50:25 +0000

@The Life Insurer

That’s why I said it’s “unlikely” that you’d need it if you were a DINK, and not that you definitely wouldn’t need it. You’re addressing a specific scenario, in which case life insurance might be a more reasonable option. Don’t throw the baby out with the bath water.

Second, I contend that the surviving spouse would need to make some adjustments to a single person lifestyle. Just because you lived that way when you’re married, doesn’t mean you have to when you’re single.

By: The Life Insurer

The Life Insurer — Wed, 25 Mar 2009 17:41:29 +0000

I don’t agree that couples without children don’t need life insurance. What about a couple who both earn sizable incomes? Chances are their style of living needs both incomes. If one were to pass away, the single earnings might not be enough to continue the lifestyle the for the surviving spouse.