Ours is through my employer (portable if I ever leave the company) and the carrier is UNUM. We have $200,000 on me and on DH, and a $10,000 policy on DD and my step-son. I have the option to increase my election for myself and spouse annually up to 5x my gross salary, which I plan on doing every year.
We each have approx 13x our annual salaries in total (employer + independent coverage). Both of our independent policies are through Texas Farm Bureau.
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Life insurance needs vary for different people. No two families are alike, and based on factors such as other investments, income, age, health factors, financial obligations, etc. each family should arrive at their life insurance amounts independently. To help you though, you could use an online life insurance needs calculator that is available with many online life insurance quote providers. Remember to answer the questions in the form as truthfully as possible. These calculators can be quite accurate because they take inflation and the value of your other investments into consideration. Rather than asking for company recommendations, you should go online and request for quotes because these quotes are unbiased and completely customized to your needs. Just remember to get your quotes from a BBB-accredited website.
Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion.
Re: Life insurance poll & ?
We have $500K each and $10K on DD.
It's through Auto-Owners.
https://skilledquote.com/
DH has $500,000 on him and I have yet to get one for myself.
Life insurance needs vary for different people. No two families are alike, and based on factors such as other investments, income, age, health factors, financial obligations, etc. each family should arrive at their life insurance amounts independently. To help you though, you could use an online life insurance needs calculator that is available with many online life insurance quote providers. Remember to answer the questions in the form as truthfully as possible. These calculators can be quite accurate because they take inflation and the value of your other investments into consideration. Rather than asking for company recommendations, you should go online and request for quotes because these quotes are unbiased and completely customized to your needs. Just remember to get your quotes from a BBB-accredited website.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.