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The Water Cooler
General Discussion
Life Insurance - Who/What do you have?
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<blockquote data-quote="HMCS(FMF)Ret." data-source="post: 3985572" data-attributes="member: 12635"><p>Just for your reference, I don’t have term insurance, I just have Veterans Group Life Insurance. I’m 57 and have $450,000 in insurance (the maximum I can get) and I pay $270 a month. I believe once I hit 60 it about doubles and keeps increasing every 5 years. Luckily I married a woman 11 years older than I am, so she won’t need as much as someone a lot younger than me. Also I’m lucky I don’t need a physical or I wouldn’t have life insurance. I know nothing about insurance but $150-$190 sounds good. You really need to quit tobacco though. Seriously. I started smoking when I was 13 and quit when I was 34 after having multiple heart attacks and almost dying twice. First thing I thought about in the ICU was how my wife was going to survive on what I was leaving her and my daughter. Not judging you, just sharing.</p></blockquote><p></p>
[QUOTE="HMCS(FMF)Ret., post: 3985572, member: 12635"] Just for your reference, I don’t have term insurance, I just have Veterans Group Life Insurance. I’m 57 and have $450,000 in insurance (the maximum I can get) and I pay $270 a month. I believe once I hit 60 it about doubles and keeps increasing every 5 years. Luckily I married a woman 11 years older than I am, so she won’t need as much as someone a lot younger than me. Also I’m lucky I don’t need a physical or I wouldn’t have life insurance. I know nothing about insurance but $150-$190 sounds good. You really need to quit tobacco though. Seriously. I started smoking when I was 13 and quit when I was 34 after having multiple heart attacks and almost dying twice. First thing I thought about in the ICU was how my wife was going to survive on what I was leaving her and my daughter. Not judging you, just sharing. [/QUOTE]
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