Comments on: Making Progress Toward Buying Our Life Insurance

By: Sallie Lee

Sallie Lee — Mon, 30 Nov 2009 23:17:07 +0000

hello, ive been with sunlife insurance plan..and its the best thing ive ever had..and my husband too..if you like to know more about it

theyre having the FREE, no obligation quotes on LIfe insurance now..

so if you want to me to help you out,

email me at sallie.1217[at]yahoo.com

By: Denise

Denise — Tue, 29 Sep 2009 04:49:41 +0000

I have to say I am impressed with your thoroughness and foresight. It is heartening to see someone who is thinking of all possible variables in order to protect his family against future crisis. You have mentioned that you have already received a few quotes from the Internet. I would say, get a few more as well to truly make a comparison. The service providers available online are THE only place where you will get a truly unbiased opinion. Most brokers are attached to some life insurance companies – that is just the way the business functions. So, check out some more quotes to be doubly sure. Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion.

By: Wreck Your Retirement | The Wisdom Journal

Wreck Your Retirement | The Wisdom Journal — Wed, 30 Jul 2008 05:03:50 +0000

[...] never been sick a day in my life and insurance companies are just out there for the money. Life insurance? Why? Disability? Gimme a break? I mean, what are the chances I will EVER use this [...]

By: Your children's REAL inheritance | The Wisdom Journal

Your children's REAL inheritance | The Wisdom Journal — Mon, 14 Jul 2008 12:01:21 +0000

[...] lost your job or lost your ability to create income? I am personally very well insured, both with life insurance and long/short term disability insurance, but I need to update and regularly review my [...]

By: MITBeta

MITBeta — Tue, 17 Jun 2008 02:19:12 +0000

After doing a lot of looking, we bought our insurance through SBLI. I have a $1.1M policy and my wife has a $300k policy and we pay about $100/month for that. It looks to me like you’re on par.

By: Michael

Michael — Mon, 16 Jun 2008 21:44:27 +0000

If you fall into the super preferred rate class, then your premium seems a little high to me as well given what I paid for my term coverage.

You are also right to ignore your employer provided life insurance in your plan. You don’t want your carefully thought out post death plan to be thwarted because you were unemployed or moved to another job that didn’t have the same life insurance benefits. It’s sad but I see so many times in the life insurance industry how many people rely on employer life insurance as their only coverage only to find that they can’t get affordable life insurance down the road due to declines in their health.

By: Rob

Rob — Mon, 16 Jun 2008 02:13:16 +0000

It is good that you are thinking through this carefully. And it is important not to rely only on life insurance through work.

I am a broker and have an obvious bias in the following – working with a broker is a very good idea. This is because a broker can guide you through the process. THis includes the medical requirements, discussing pre-existing conditions, your lifestyle, your occupation and recomending which company will treat all of your unique circumstances the best. It doesn’t cost you more to use a broker so why not get an experienced professional working with you?

I am working on an informative insurance site and have a page on the various types of life insurance and the three different ways to buy insurance (direct, through an agent, or through a broker): Canada Life Insurance

Good luck with your search!

By: Make Friends, Earn Money

Make Friends, Earn Money — Sun, 15 Jun 2008 14:47:13 +0000

great idea to break down your financial circumstances and base your decision on that. It’s amazing how many people just pluck a figure out of nowhere

By: My Dollar Plan

My Dollar Plan — Fri, 13 Jun 2008 14:41:50 +0000

Wow, the $100 seems high to me too. Ours is less than $45 per month for an equivalent amount. Two very healthy adults, age 29 and 31. Although we have much less because our assets will cover most of the expenses.

By: Pinyo

Pinyo — Fri, 13 Jun 2008 13:56:20 +0000

@Nicole — I am sorry about your dad.

@The Happy Rock — I think it’s a little high too, but after so many quotes, that seems to be the best I could do — at least with tier 1 insurance companies. Also, it’s 2 policies — $1 mil for me and $250k for my wife.