That point in my life personally where I'd like to have strong impact on a youngsters future, life and happiness should I depart this world in some unknown manner. After all some of the high risk sports I'm involved in might come up short.
What's more important than somebody you really love an care for to have security? Considering putting this expense in top priority.
You family guys I'm sure have them for your kids and wives but wondering if the single guys like myself have taken on the investment.
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To remove first post, remove entire topic.
That point in my life personally where I'd like to have strong impact on a youngsters future, life and happiness should I depart this world in some unknown manner. After all some of the high risk sports I'm involved in might come up short.
What's more important than somebody you really love an care for to have security? Considering putting this expense in top priority.
You family guys I'm sure have them for your kids and wives but wondering if the single guys like myself have taken on the investment.
I got mine when I was young and single for the insurability factor. Never know what may happen to your health down the road...high risk sports may be frowned upon by the insurance company
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I got mine when I was young and single for the insurability factor. Never know what may happen to your health down the road...high risk sports may be frowned upon by the insurance company
Actually just phoned my insurance company for the application. Based upon my records/health etc looks like 20 year term as you posted Vanman is very reasonable at USAA for 3- 500k.
Interview they will do in person, full physical and it's on. I'll feel really good once it's in place. Just seems like something we forget about.
Not having one just seems awfully selfish and thoughtless. Wish I had placed the order a long time ago at a much lower rate like you did Crow.
Thanks for the input gents. I'll spend that monthly premium in a heartbeat.
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Actually just phoned my insurance company for the application. Based upon my records/health etc looks like 20 year term as you posted Vanman is very reasonable at USAA for 3- 500k.
Interview they will do in person, full physical and it's on. I'll feel really good once it's in place. Just seems like something we forget about.
Not having one just seems awfully selfish and thoughtless. Wish I had placed the order a long time ago at a much lower rate like you did Crow.
Thanks for the input gents. I'll spend that monthly premium in a heartbeat.
no children, but i stacked the deck in my favor when i paddled whitewater {steep creekin'] with an accidental policy from the ages of 27-33 for my three nephews + niece...for some reason, when you are sitting in a boiling micro-eddy with a must make move before a sneek rock peel out above a fifteen foot "clear" drop into a remote canyon, it was comforting to know that my high end games had more of a consequence than playing with the fire that i was...my two cents?? if you play high end games, pass on the dividends
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no children, but i stacked the deck in my favor when i paddled whitewater {steep creekin'] with an accidental policy from the ages of 27-33 for my three nephews + niece...for some reason, when you are sitting in a boiling micro-eddy with a must make move before a sneek rock peel out above a fifteen foot "clear" drop into a remote canyon, it was comforting to know that my high end games had more of a consequence than playing with the fire that i was...my two cents?? if you play high end games, pass on the dividends
My advice is to get as long a term life policy as you can afford. You health status may change or, if you are lucky, you may live a long time. 20 or 30 year term is your best buy, whole live is too pricey and (IMO) not worth the money unless you think you might need to borrow on it later.
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My advice is to get as long a term life policy as you can afford. You health status may change or, if you are lucky, you may live a long time. 20 or 30 year term is your best buy, whole live is too pricey and (IMO) not worth the money unless you think you might need to borrow on it later.
SW - who are you trying to 'assist' being a single guy ?
just curious.
I had Aflac for a few years but now I just opened some mail today about getting some insurance through my credit union..
G/F of mine who's a single mom. Works her ass off to make sure her new child has a good home. I think college tution will come up short when that day arrives.
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Quote Originally Posted by umgmu:
SW - who are you trying to 'assist' being a single guy ?
just curious.
I had Aflac for a few years but now I just opened some mail today about getting some insurance through my credit union..
G/F of mine who's a single mom. Works her ass off to make sure her new child has a good home. I think college tution will come up short when that day arrives.
That point in my life personally where I'd like to have strong impact on a youngsters future, life and happiness should I depart this world in some unknown manner. After all some of the high risk sports I'm involved in might come up short.
What's more important than somebody you really love an care for to have security? Considering putting this expense in top priority.
You family guys I'm sure have them for your kids and wives but wondering if the single guys like myself have taken on the investment.
So who is the youngster if it's not your child?
I got a 500K 30 year level term (at age 33) a couple years ago for $425/year. Seemed like a good deal.
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Quote Originally Posted by searchwarrant:
That point in my life personally where I'd like to have strong impact on a youngsters future, life and happiness should I depart this world in some unknown manner. After all some of the high risk sports I'm involved in might come up short.
What's more important than somebody you really love an care for to have security? Considering putting this expense in top priority.
You family guys I'm sure have them for your kids and wives but wondering if the single guys like myself have taken on the investment.
So who is the youngster if it's not your child?
I got a 500K 30 year level term (at age 33) a couple years ago for $425/year. Seemed like a good deal.
I usually don't post here but I wanted to tell you guys that you are making the smartest moves by getting term insurance. I have a 20yr term policy and I invest the difference of what it would have cost me to get a whole life policy. I bypass the low return of 4% that the banks would give me and will most likely end up with a 10-12% return on my money. The rule of 72 says to divide the interest rate you expect to get into 72 and that's how many years it will take for your money to double each time. With a 10-12% return my money will double every 6 years.
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I usually don't post here but I wanted to tell you guys that you are making the smartest moves by getting term insurance. I have a 20yr term policy and I invest the difference of what it would have cost me to get a whole life policy. I bypass the low return of 4% that the banks would give me and will most likely end up with a 10-12% return on my money. The rule of 72 says to divide the interest rate you expect to get into 72 and that's how many years it will take for your money to double each time. With a 10-12% return my money will double every 6 years.
I usually don't post here but I wanted to tell you guys that you are making the smartest moves by getting term insurance. I have a 20yr term policy and I invest the difference of what it would have cost me to get a whole life policy. I bypass the low return of 4% that the banks would give me and will most likely end up with a 10-12% return on my money. The rule of 72 says to divide the interest rate you expect to get into 72 and that's how many years it will take for your money to double each time. With a 10-12% return my money will double every 6 years.
To play devils advocate, if you still want to carry insurance after that 20 or 30 year time frame is up, you may be out of luck if your health changes. You may still have a mortgage to protect, wife, grandkids? Who knows what may go on in that 20 years. I wouldn't rule out some form of permanent coverage.
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Quote Originally Posted by Spectre01:
I usually don't post here but I wanted to tell you guys that you are making the smartest moves by getting term insurance. I have a 20yr term policy and I invest the difference of what it would have cost me to get a whole life policy. I bypass the low return of 4% that the banks would give me and will most likely end up with a 10-12% return on my money. The rule of 72 says to divide the interest rate you expect to get into 72 and that's how many years it will take for your money to double each time. With a 10-12% return my money will double every 6 years.
To play devils advocate, if you still want to carry insurance after that 20 or 30 year time frame is up, you may be out of luck if your health changes. You may still have a mortgage to protect, wife, grandkids? Who knows what may go on in that 20 years. I wouldn't rule out some form of permanent coverage.
To play devils advocate, if you still want to carry insurance after that 20 or 30 year time frame is up, you may be out of luck if your health changes. You may still have a mortgage to protect, wife, grandkids? Who knows what may go on in that 20 years. I wouldn't rule out some form of permanent coverage.
That's what the investments are for. Now, when I'm young, I need all of this coverage to take care of loss. With the investments and money strategies that I'm implementing now I'll be self insured by the time the 20 years is up and won't need a policy hence avoiding higher premiums and shorter allowable terms.
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Quote Originally Posted by pjrez:
To play devils advocate, if you still want to carry insurance after that 20 or 30 year time frame is up, you may be out of luck if your health changes. You may still have a mortgage to protect, wife, grandkids? Who knows what may go on in that 20 years. I wouldn't rule out some form of permanent coverage.
That's what the investments are for. Now, when I'm young, I need all of this coverage to take care of loss. With the investments and money strategies that I'm implementing now I'll be self insured by the time the 20 years is up and won't need a policy hence avoiding higher premiums and shorter allowable terms.
That's what the investments are for. Now, when I'm young, I need all of this coverage to take care of loss. With the investments and money strategies that I'm implementing now I'll be self insured by the time the 20 years is up and won't need a policy hence avoiding higher premiums and shorter allowable terms.
what sorta stuff are you investing in spectre?
I think every1 needs a policy of some sort because you don't know when shit is going to hit the fan and you don't want your family to suffer because your ill, disabled or premature death. and yes i am a life insurance agent, but i've seen family and friends suffer and it's not very fun to go through this. ...actually quite sad
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Quote Originally Posted by Spectre01:
That's what the investments are for. Now, when I'm young, I need all of this coverage to take care of loss. With the investments and money strategies that I'm implementing now I'll be self insured by the time the 20 years is up and won't need a policy hence avoiding higher premiums and shorter allowable terms.
what sorta stuff are you investing in spectre?
I think every1 needs a policy of some sort because you don't know when shit is going to hit the fan and you don't want your family to suffer because your ill, disabled or premature death. and yes i am a life insurance agent, but i've seen family and friends suffer and it's not very fun to go through this. ...actually quite sad
I think every1 needs a policy of some sort because you don't know when shit is going to hit the fan and you don't want your family to suffer because your ill, disabled or premature death. and yes i am a life insurance agent, but i've seen family and friends suffer and it's not very fun to go through this. ...actually quite sad
I'm in training right now to be a life insurance agent. I just passed my L.L.Q.P. exam and I'm going to write the provincial exam in about 3 weeks. After that I'm going to get my mutual funds license. I'm learning so much about this business right now and I'm pretty stoked about starting to help people prepare for their future.
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Quote Originally Posted by wjeremy97:
what sorta stuff are you investing in spectre?
I think every1 needs a policy of some sort because you don't know when shit is going to hit the fan and you don't want your family to suffer because your ill, disabled or premature death. and yes i am a life insurance agent, but i've seen family and friends suffer and it's not very fun to go through this. ...actually quite sad
I'm in training right now to be a life insurance agent. I just passed my L.L.Q.P. exam and I'm going to write the provincial exam in about 3 weeks. After that I'm going to get my mutual funds license. I'm learning so much about this business right now and I'm pretty stoked about starting to help people prepare for their future.
As a licensed life insurance agent I can tell you all that are getting term policies are in the wrong boat. Unless you are 35 or younger, have a new house or new baby, term policies are useless.
Spectre at least is going about the process slightly smarter.
The whole purpose of life insurance is to make sure there is money there when you die, and term life does not provide that. Depeche, you are paying $425 for a 30 year term. Now obviously I don't know you personally or your health situation, but what are the odds that you are going to die before you are 63? Probably not very good. So you will end up paying about $12,500 for a policy that isn't going to do anything for you more than likely. With no guarantee of return.
We are all gamblers, but this is the safest bet out there. Betting that you will die. I just don't understand why you would risk paying in that much money.
Myself, I have a 100k whole life policy that I pay $70 a month for, along with a hospital supplemental policy paying me for any accidental injuries. So no matter what someone in my family (wife, kids down the road) will get more than I will ever pay into this policy.
If you want the best rates and the best policies out there, go with American Income Life.
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As a licensed life insurance agent I can tell you all that are getting term policies are in the wrong boat. Unless you are 35 or younger, have a new house or new baby, term policies are useless.
Spectre at least is going about the process slightly smarter.
The whole purpose of life insurance is to make sure there is money there when you die, and term life does not provide that. Depeche, you are paying $425 for a 30 year term. Now obviously I don't know you personally or your health situation, but what are the odds that you are going to die before you are 63? Probably not very good. So you will end up paying about $12,500 for a policy that isn't going to do anything for you more than likely. With no guarantee of return.
We are all gamblers, but this is the safest bet out there. Betting that you will die. I just don't understand why you would risk paying in that much money.
Myself, I have a 100k whole life policy that I pay $70 a month for, along with a hospital supplemental policy paying me for any accidental injuries. So no matter what someone in my family (wife, kids down the road) will get more than I will ever pay into this policy.
If you want the best rates and the best policies out there, go with American Income Life.
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Considering putting this expense in top priority. 
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