Thread: Can we talk life insurance again please?

Dh asked that I check into life insurance.
He would like me to get something on him.
I'd rather do something online, and I really don't like the ones that say someone will come to your house or they want blood. LOL Just seems odd.

I've been doing quotes online.
Think I'm going to just pick the amount of coverage that our budget will cover.

He heard on the radio LOL About the Return of Premium type.
Is there any reason not to get this type. Seems alomost like a savings account. Is there a catch we are missing?

It looks like its best to pick 30 years... because the rates stay the same for that long. But what about after that 30 years?
I guess the main concern would be the next 20 while the kids are young though. ykwim

Anything else I need to know?

I should probably look at something for me to... But he would be able to continue working.. but then again he'd need childcare... my mom can retire in 2 years though. How did you guys figure an amount for you?


He also has enough credits I'd get SS on him, that would almost cover the bills. But I haven't worked hardly at all, the amount for me monthly would barely cover the energy bill. lol

Im really curious as to what other mamas have to say on this. I have a $500,000 policy on myself and 10K on each of the kids, DF has one that goes to his two boys if something happens, but we are shopping for one that would go to me and the kids.

DH has insurance, but I don't have any right now because I can't find any that will insure me because of medical issues. Maybe in the future I will be able to get some health insurance on myself.

Honestly? Go through an agent. We have our car, house, and life all through one place. The guy was super nice and explained it all nice and slow to me (not rudely, I asked him about a million ?s). We save money by having all our insurance through them.

Our state has mandatory auto ins for all drivers, and even if you're renting you should have renters ins, it's super cheap for the standard coverage (like what, $10? or something) so really, having it all through the same place should make renters ins negligable.

Anyway, there's a math thing they use, they calculate your mortgage/rent, auto payments, loans, etc, any outgoing you have on a month-to-month basis, and take out any incoming you would have, and multiply that by max months you can recieve insurance payouts and that's what coverage you need. (i think, it was a while ago)

Though I'll admit I'm a skeptical person by nature and wouldnt' get an life insurance via email/online. We had to get physicals to get the good life insurance, and it was easy-peasy. Because our insurance place rawks their agent guy (independant party they use) came to the house. That's pretty standard, and it's how you can qualify for better rates. It's the same when you're renewing so many years down the road, you have to pass a certian level of fitness for your age.

I don't think there are many insurance companies that *wouldn't* come take blood. It's pretty much a standard thing they all do. Don't be afraid of it...they have a professional nurse come and do it.

What we did was figure out what all our debts were (mortgage, for us), what the cost of a funeral, time off of work for that, etc. and compared the different premium amounts and settled on what felt comfortable all around.

Use an agent. You'll have someone to ask questions of and they can explain everything. If they don't, find a new agent. The exam part is just a simple physical and our company sent a doctor to our house to do it. We have a ton of life insurance and I sleep much better at night that way.

i agree with pp that taking blood is common/normal. they sent somebody to our house and it took no time at all.

other than that, i'm no use as to how to choose a policy. we have a lot- more on him but lots on me too.