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we both have life insurance through the employer 3x annual gross salary (we both have same coverage) both work for same employer.... the policies are extremely cheap
we feel 3x should be enough as we have no dependents.
if either of us croaks the other will get 3x the others annual salary.... that should do it, we are both working and young-ish
are the commissions that much higher on life insurance?
back when I sold Cars, I would push the customer toward used even if they specifically asked about new
I could sell 1 or 2 new cars everyday and starve to death, while just one used car a week would keep me in "hog heaven"
The only counterpoint about having life insurance through one's employer is if you are let go/quit etc., you will be purchasing it at a later date on the open market (if desired). Typically with life insurance the younger you are when you buy the cheaper the rate, and it gets a lot more expensive the later on in life you are buying it. Just something to consider. We don't have life insurance except through our employers as well, but we have enough where if one of us dies the other wouldn't be in a financial burden.
we both have life insurance through the employer 3x annual gross salary (we both have same coverage) both work for same employer.... the policies are extremely cheap
we feel 3x should be enough as we have no dependents.
if either of us croaks the other will get 3x the others annual salary.... that should do it, we are both working and young-ish
are the commissions that much higher on life insurance?
back when I sold Cars, I would push the customer toward used even if they specifically asked about new
I could sell 1 or 2 new cars everyday and starve to death, while just one used car a week would keep me in "hog heaven"
I don't know your financial situation but 3x earnings isn't really that much.
I would personally drop him like a bad habit. He obviously doesn't have your best financial interests in mind if he is trying to sell you overpriced crap, which will affect your finances negatively. So he is not doing his job already.
With that said, this is good stuff. Let us know what this guys says.
My husband and I are young-ish with no dependents and we decided it would be wise to get life insurance while we are healthy and the rates are low. For example, I got my policy at 30, I have the top tier health rating and $500K 30 year term costs me $29/month.
We aren't sure if we'll ever have kids and we don't have a mortgage. So we decided a 30 year term would buy us some time to make those decisions. We also wanted the freedom to take time off work to grieve without having to worry about money.
My husband and I are young-ish with no dependents and we decided it would be wise to get life insurance while we are healthy and the rates are low. For example, I got my policy at 30, I have the top tier health rating and $500K 30 year term costs me $29/month.
We aren't sure if we'll ever have kids and we don't have a mortgage. So we decided a 30 year term would buy us some time to make those decisions. We also wanted the freedom to take time off work to grieve without having to worry about money.
I have 3x/salary insurance through employer, the cost is peanuts (and no exclusions)
private insurance would be expensive as I instruct in Light Sport Aircraft on weekends
Do you have an understanding as to why the insurance would be more expensive because of your weekend activities?
Yes
they call them Actuarial's
DEFINITION of 'Actuarial Life Table'
A table or spreadsheet that shows the probability of a person at a certain age dying before his or her next birthday. These statistics calculate the remaining life expectancy for people at different ages and the probability of surviving a particular year of age.
DEFINITION of 'Actuarial Life Table'
A table or spreadsheet that shows the probability of a person at a certain age dying before his or her next birthday. These statistics calculate the remaining life expectancy for people at different ages and the probability of surviving a particular year of age.
Your weekend activity are high risk that's why it would cost more
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