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Reload this Page Life Insurance Help

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Old 02-16-2007, 10:32 AM   #1
spinncognito
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Question Life Insurance Help
Turning the big 4-0 in a few weeks and divorce agreement says I gotta have 100K coverage.
I am a healthy non-smoker
What should I expect to being paying and what company do you guys reccomend?

Thanx,

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Old 02-16-2007, 11:31 AM   #2
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whole life or term?
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Old 02-16-2007, 11:44 AM   #3
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The only answer for a Massachusetts resident is Savings Bank Life in Woburn.
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Old 02-16-2007, 12:07 PM   #4
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Quote:
Originally Posted by PaulS View Post
whole life or term?

term
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Old 02-16-2007, 12:40 PM   #5
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whole life is like a savings account where you can cash part of it out if you want. term is just that, you pay one rate per year for a specified term.

I have both.
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Old 02-16-2007, 12:44 PM   #6
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sbl out of worcester
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Old 02-16-2007, 02:05 PM   #7
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spinn...make sure you have a will also...insurance doesn't do any good tied up in probate...
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Old 02-16-2007, 02:15 PM   #8
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Thanx Salty and all for the advice. Gonna get a quote from SBLI on the insurance and look into the will thing...

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Old 02-16-2007, 04:27 PM   #9
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How long do you have to carry it? At age 40 you probably want 20 or 25 year level term. I'm 40 and I carry $1.5 million through SBLI, I'm pretty sure it's less than $1000 per year.

$100K will be like $150 per year.

http://www.sbli.com/
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