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The Water Cooler
General Discussion
Life Insurance - Who/What do you have?
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<blockquote data-quote="FullAuto" data-source="post: 3985573" data-attributes="member: 5110"><p>State Farm, $1.25M, 20 year term, $100/month, started when I was 37. Sagicor, $400k, 20 year term, $45/month. The Sagicor is a non-med policy I purchased a few months prior in case some disqualifier showed up in my blood work. I was already free of personal debt and only had commercial debt when the policies were purchased. By the time they expire, all my commercial debt (rentals) will have been paid off years prior and provide steady passive income.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 3985573, member: 5110"] State Farm, $1.25M, 20 year term, $100/month, started when I was 37. Sagicor, $400k, 20 year term, $45/month. The Sagicor is a non-med policy I purchased a few months prior in case some disqualifier showed up in my blood work. I was already free of personal debt and only had commercial debt when the policies were purchased. By the time they expire, all my commercial debt (rentals) will have been paid off years prior and provide steady passive income. [/QUOTE]
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