Total Members Voted: 62
I'm worth more dead than alive
Maybe title should be fixed to read "do you have enough life insurance".
What about term, whole life, other?I have 20yr term, 5 years in. Insufficient coverage but it’s what I could comfortably afford.
I've delivered death benefits on both Term and Whole Life policies. I can tell you that in all cases it was the death benefit that made the difference, rather than the type of policy. What makes a difference is that the coverage should be in force when needed.
Which brings out the importance of having someone who will take care of that if c"v someone is unable to when a premium is due.
Auto pay?
Right.An overfunded whole life policy (or universal life policy) will give the flexibility of skipping payments while keeping the policy in force (it will also perform much better). On the other hand, for some term is all they can afford, so that is what's right for them (I find that for most people, other than the very affluent, a combination of the two types is often what works best).
That would be a yes. See how simple I made it?
"5 Years in" Time to get a new 20 year term quote, it might be the same price and you get to lock in another 20 years. this is something we do for our young customers
and for the 5 people who voted in the poll that have no life insurance, Get it NOW! Please. Thanks
At 36 vs 30? Even if I’m not sure I can get the same health rating again?
You don't know their financial situation.