Asked before, but tell me about your Life Insurance Policies....

Jen2124

How much do you pay per month and for how much coverage? I'm looking at Term Life..prob a 20 year policy and 1 M in coverage. It's looking like it is going to be between 150-200 a month.

My next question...who is your policy through? Even when I do quotes online that look at multiple sources, they all seem to be about the same range.

If you have any other advice or things to look out for, please let me know!

 

Thanks!

ghm

Ours is bundled with our auto and homeowners insurance. I do not know our specific coverage off hand--mines $250k and IDK what DH's is. Maybe $500. We pay $40 total--30 year policy, under 30 years old, non smokers, healthy weight, etc.

ETA: we're with Shelter Insurance. 

StephNJer

We also have ours bundled with our Auto and Homeowner's insurance. Ours are both $300k, 30 year term. I believe we pay around $25 a month for mine, and around $30 for DH. We're with State Farm.

firefightersgal

DH has life insurance through work.  They also provide something like 10K of life insurance for both DD and me.

I'm thinking of getting some additional life insurance for me through our home/auto insurance company.  (Liberty Mutual).

stacynikki

DH and I both have $500k policies. Mine is $36 and DH is $38. It's 30 year term. It's through our broker.

ManciniD

Life insurance rates are based on several personal factors so the rates that apply to me will not apply to someone who else who may be the same age, same weight, height, etc. Life insurance companies look at family health history, credit card reports, etc.

Even the coverage would differ based on our own personal financial status. I may have bigger debts and so need a larger coverage.

It also doesn?t matter which company you go with as long as it is has an excellent financial rating. A financial rating will tell you whether the company has a proven track record for paying off death benefits in a timely manner. This is what you need to look at when choosing a life insurance company. A rating of A or A+ is good, but I?m not sure if the free quotes you got online gave you any information on the ratings. If not, AccuQuote.com will give you free quotes with the current financial rating of each company.

Denise

ghm

ManciniD:

Life insurance rates are based on several personal factors so the rates that apply to me will not apply to someone who else who may be the same age, same weight, height, etc. Life insurance companies look at family health history, credit card reports, etc.

Even the coverage would differ based on our own personal financial status. I may have bigger debts and so need a larger coverage.

It also doesn?t matter which company you go with as long as it is has an excellent financial rating. A financial rating will tell you whether the company has a proven track record for paying off death benefits in a timely manner. This is what you need to look at when choosing a life insurance company. A rating of A or A+ is good, but I?m not sure if the free quotes you got online gave you any information on the ratings. If not, AccuQuote.com will give you free quotes with the current financial rating of each company.

Denise

don't you have something better to do with your time?