Re:What Dreams May Come
by johnward on Thursday March 13, 2014 @09:20AM
(#7391567)
Everyone keeps saying this. Where can you spend 10-20 bucks a month and get 100-200k coverage? I pay way more than that for like 50k coverage and I got the plane when I was 23.
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Re:What Dreams May Come
by maxerickson on Thursday March 13, 2014 @09:25AM
(#7391592)
https://www.statefarm.com/insurance/life/term-life
(For example)
The numbers are particular for a young woman in Illinois, but it won't be egregiously higher for young men.
When I got my car insurance with state farm I just put on the life insurance because I had nothing at the time. They said it would be cheap to add it now because I'm so young. I got this plan when I was 24 and it's $36 a month for 50k. WTF. I just checked out my employer and I can get 300k on my wife and myself for about $12 a month. The only thing I'm not sure of is if I can keep that plan after if I leave my job.
Re:What Dreams May Come
by maxerickson on Thursday March 13, 2014 @09:42AM
(#7391707)
Is the plan you have a term policy? They are cheaper. No need to answer, just pointing out a possible reason.
(because other policies sort of mix in an investment product)
It's probably a whole life policy.
Re:What Dreams May Come
by jcromartie on Thursday March 13, 2014 @11:21AM
(#7392371)
That's a horrible price. I'm a 30 year old male and got $500K 20 year term for $30/month.
20 year term life should be <$20 for a "normal" young person. Try Zander (broker) or Amica (insurance company that I recommend). Make sure you get term life.