Comments on: Where to find great term life insurance

By: Kristi

Kristi — Sat, 15 May 2010 02:48:23 +0000

*sorry, typo* I WASN’T too energetic to get actual quotes.

By: kristi

kristi — Sat, 15 May 2010 02:46:29 +0000

We started off with the intent to go Return of Premium but in the end settled on just term for 200k, level term for 20 years. I’m $20 as I’m a teacher and it’s an NEA plan. Hubby is less than $8 for the same amount. He’s early 30′s and I’m later 30′s, an add- on as a spouse and we are paying annually instead of month to month. That will save us over $500 over the life of the coverage. I think going with places you are already members of (work, AAA, credit union) might be a good start. I did a lot of research but in the end, I was too energetic to get a bunch of quotes. I was shocked when I when to work and none of my female co-workers had no clue what their family was doing about life insurance. I guess nobody likes to talk about it too much. It was a little depressing while doing it (thinking about death) but now I’m much more content.

By: brobinson

brobinson — Wed, 13 Jan 2010 16:08:27 +0000

Interesting discussion since I have just purchased a whole life policy and feel it was a very wise choice. I know the traditional arguments for term, but a longer view showed me that when you reach later life, you will not be able to afford the cost of that 20-30 year term policy once that period ends, and you have nothing to show for it. Of course if you are independently weathly by then, you won’t have to worry. Buying permanent coverage at a younger age locked in my premium and it will be paid for in later years WITH cash available to be used. Just my thought. Found great service and a strong company in NY Life.

By: Evolution Of Wealth

Evolution Of Wealth — Wed, 18 Nov 2009 16:26:12 +0000

I am a huge proponent of mutual insurance companies. I like these companies not only because the are top rated financially strong but also for the values that they have. These are companies that don’t need to inflate stock prices in the short run. There stockholders are the policyowners. So the board of directors has a responsibility to the policyowners not just someone who picked up shares of the company as an investment. That being said these companies usually cost a few dollars more a month. The benefit of the extra cost is added flexibility and convertibility. The one thing I can tell you about your financial situation is that it will change and probably pretty drastically throughout your life. Flexibility and options are a key thing.

A few words of caution from experience. I’ve had a few experiences with Thrivent Financial. They are a religious association and are governed differently than insurance companies. This means their contracts are written differently. They allow for drastic changes to their contracts that are not allowed of a traditional insurance company. If there is a dispute they by taking out the policy you are agreeing to go through their own arbitration process which can be both timely and expensive. Just to let you know.

Primerica is a strong company financially but is being sold off by CitiGroup. They have announced intentions to do and IPO and pocket the proceeds. Chances are very likely that that company will go through a dramatic change. As previously mentioned, they only have a hammer (term insurance) so does that make everything a nail?

By: Beth

Beth — Thu, 07 May 2009 23:13:34 +0000

I’m sure with your background and knowledge of finances, you know that term life insurance is the only way to go. I am a high school teacher and i sell insurance and educate families on getting to financial independence through Primerica Financial Services. You should find a local office, and get a free quote.
I’m so glad you are addressing this issue in a personal way. I just found your blog today through my long-term following the simpledollar.
Beth
Texas

By: Michael Ward

Michael Ward — Sat, 18 Apr 2009 01:56:06 +0000

My goal in life is to give the best term life insurance policies that makes sence for each family. Only term….

Michael Ward

By: Michelle

Michelle — Thu, 09 Apr 2009 16:26:07 +0000

My husband and I got our life insurance from Primerica Life Insurance Company. They are in an amazing financial position right now and have been around for over 30 years. We liked them because they are one of the only companies that sell only term. They don’t try to trick anyone into the unwise cash-value policies. Find an agent near you that you like (they also give you a free financial plan which we loved whether or not you get insurance with them). They also teach invest the difference, emergency funds, and having no debt. The company is international, so there should be an office near you.

By: Carnival of Debt Reduction #179: Firefly Edition

Carnival of Debt Reduction #179: Firefly Edition — Mon, 16 Feb 2009 13:04:54 +0000

[...] Christian Financial Help has a post on Where to find great term life insurance. [...]

By: Chandler

Chandler — Sat, 14 Feb 2009 01:47:25 +0000

I was curious how VABill determined the best value?

By: Jason

Jason — Thu, 12 Feb 2009 22:40:53 +0000

We also went through Zander. I ended up with West Coast Life, and my wife’s – can’t remember. Her’s was a little less expensive, but both of us got $1mm each, 20-year term, and it costs about $75/month. Bought it 1-2yrs ago, and I’m 30 now.