Latest topics
» RX20 for sale by ACE Services Mon Jun 10, 2019 12:25 pm
» So has this forum too, went the way of extinction too?
by Mo Wed May 01, 2019 9:13 pm
» Roll call....
by ACE Services Sat Apr 06, 2019 4:59 am
» New moves for business 2019
by ACpower1 Tue Feb 19, 2019 12:48 am
» Government shutdown
by ACE Services Tue Jan 22, 2019 5:35 am
» Stepped back in time
by Mo Mon Jan 21, 2019 11:47 am
» .....Christmas ever
by Mo Mon Jan 21, 2019 11:46 am
» have you ever use dyson for cleaning ?
by milspec6 Mon Dec 17, 2018 10:22 pm
» Water Heater
by Mo Mon Dec 17, 2018 8:31 pm
» anyone have an idea of why...?
by milspec6 Fri Dec 07, 2018 11:03 pm
» I don't know squat
by Matt; My carpet cleaner Wed Dec 05, 2018 11:14 pm
» what would you charge
by Mo Sun Dec 02, 2018 8:01 am
» Frozen cleaning for practice
by milspec6 Wed Nov 21, 2018 9:33 pm
» for the Holidays........
by Matt; My carpet cleaner Tue Nov 20, 2018 9:20 pm
» Pricing....ouch
by milspec6 Sat Nov 17, 2018 8:37 pm
Life Insurance
+5
Freemind1
Ryan S
( miller ) gerry
Johnnyone
milspec6
9 posters
Life Insurance
Now that it looks like I may be leaving my present employer, I am looking at life insurance policies. Quite frankly, it is very confusing as the advice on-line is going in every direction. How anyone decides on this stuff is beyond me....so why not let real cleaners come to the rescue?
How about it, anyone want to recommend a life insurance policy (term vs whole vs universal) for a middle-aged, balding, single with no kids man?
How about it, anyone want to recommend a life insurance policy (term vs whole vs universal) for a middle-aged, balding, single with no kids man?
Re: Life Insurance
The music bar on the cleaners lounge has made my life more relaxed and peaceful. This is a real fix for stress relief which will make my life better.
Thanks
Thanks
Re: Life Insurance
Term is like an extended warranty on a car. Last for only a period, probably 20 years. Do you really need much life insurance? Who will be receiving this? Do you have nieces, nephews, organizations that you want to be recipients? Lots of questions you need to ask yourself. Ins sales people almost always want to over insure a person. If you do this, should be soon because rates rise quickly as we age. My thoughts are a local agency is good. You can always walk in and talk to them. You possibly can do investments there too. Also, potential work from them as well.
Re: Life Insurance
My wife an I have 250K on each of us. I believe it's whole. We have two kids and four dogs, and a ferret. We need to make a will.
Ryan S- Expert & Trusted Member
- Posts : 1956
Join date : 2013-09-20
Age : 44
Location : NC
Re: Life Insurance
I have a whole life policy with Farm Bureau insurance.
I also carry my business insurance with them.
I also carry my business insurance with them.
Freemind1- Senior Member
- Posts : 1282
Join date : 2013-09-20
Re: Life Insurance
I was told years ago to price term and whole life and then to buy the term policy and invest the difference between the two policies to get a better return on my money. For example, term is $29.99/ month and whole life is $99.99/ month. Take the $70 and invest in something that will have a better return than whole life on your money. Of course when the term is up, you have to get another policy that will be higher than what you pay now but still less than whole life and you take the difference again and invest it. I have no idea about universal.
Pro Touch- Active Poster
- Posts : 493
Join date : 2013-09-20
Location : NC
Re: Life Insurance
Thanks gang, that is my confusion. I can find lots of sites that say to do just as Pro Touch suggests, but then there are also many sites that support whole life policies for the tax and investment aspects.
I don't carry a lot of risk since I am a one-man show...unless you count the bat nesting in my garage, but that could change at some point in the future. Just trying to rationalize the value of a whole life policy right now.
I don't carry a lot of risk since I am a one-man show...unless you count the bat nesting in my garage, but that could change at some point in the future. Just trying to rationalize the value of a whole life policy right now.
Re: Life Insurance
like was asked before...
who is it going to and why??
young family, term is better because you can get higher limits for cheaper...which helps the wife out with bills... etc...
whole you get about a 1/4 the coverage for around double the price...but after a while you can loan from it, and the price usually stays put no matter age....
who is it going to and why??
young family, term is better because you can get higher limits for cheaper...which helps the wife out with bills... etc...
whole you get about a 1/4 the coverage for around double the price...but after a while you can loan from it, and the price usually stays put no matter age....
Re: Life Insurance
Floorguy wrote:like was asked before...
who is it going to and why??
young family, term is better because you can get higher limits for cheaper...which helps the wife out with bills... etc...
whole you get about a 1/4 the coverage for around double the price...but after a while you can loan from it, and the price usually stays put no matter age....
Thanks, that actually helps. I really don't have much need now, but maybe down the road. I guess my concern is insurability later compared to today.
Re: Life Insurance
I agree. Interview a few companies and get educated by them. I have term policies and a whole life. I want to take care of my wife, son, nieces, nephews and a few organizations if something happens before I am 70. After that, on there own.
Re: Life Insurance
I bought a universal policy from Lincoln Benefit in 2001. 500k on me and 100k on the wifey. I pay $51 per month.
The problem with it though is that the IRS penalized me for not listing it as an asset because of its accrued value.
I'm of the mindset that all insurance is a rip off!
The problem with it though is that the IRS penalized me for not listing it as an asset because of its accrued value.
I'm of the mindset that all insurance is a rip off!
REALCLEAN- Active Poster
- Posts : 311
Join date : 2013-09-24
Location : Knoxville
Similar topics
» Life really is funny
» life sucks....
» Free spotter for life.....
» Check this out, 99 handy tips to make life easier!!..........
» life is easier with a zero turn.....
» life sucks....
» Free spotter for life.....
» Check this out, 99 handy tips to make life easier!!..........
» life is easier with a zero turn.....
Permissions in this forum:
You cannot reply to topics in this forum
|
|