2005SUBMARINER Posted August 6, 2007 Report Share Posted August 6, 2007 (edited) hellow guys was just thinking that i only have a small life insurance policy threw my local union & its not very much about $50k .. was thinking of purchaseing another life insurance policy but know nothing about the subject . did some research , came up with term & permanent coverage .. can any one shed some light on this .. like how much per month a $250k policy would cost ? thanx in advance ed. Edited August 6, 2007 by 2005SUBMARINER Quote Link to comment Share on other sites More sharing options...
hank7502 Posted August 6, 2007 Report Share Posted August 6, 2007 I am not an agent but you should get a term policy. It depends on if you smoke or not. Smokers get hit hard. If you're young, a 250K policy won't be that much. Get a quote online. Quote Link to comment Share on other sites More sharing options...
cornerstone Posted August 6, 2007 Report Share Posted August 6, 2007 This isn't for the US, but you might have something similar possibly. I have a large policy through my pension fund - they can buy the cover 'wholesale' as it were (so it's substantially cheaper), and better still it's my pension paying the fees, not my taxed dollars, if that makes sense. Only problem is....I have noticed the wife taking notes when she watches CSI Quote Link to comment Share on other sites More sharing options...
TwoTone Posted August 6, 2007 Report Share Posted August 6, 2007 Go with Term... Also, the key to taking care of your loved ones after your gone is a Living Trust... If you don't have a Trust in the US the government will kill [no pun intended] the Benificieries in Death Takes... The best $300 investment you could ever make... It's better than a Will and you change it as often as you want... TT Quote Link to comment Share on other sites More sharing options...
2005SUBMARINER Posted August 6, 2007 Author Report Share Posted August 6, 2007 thanx for all your help guys ! Quote Link to comment Share on other sites More sharing options...
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