Type of Life Insurance
As a 60 year old, wanting to protect my estate with Life Insurance, what type of life insurance should I obtain (whole life, 20 year Term….), what is the typical annual premium and do those premiums increase with my age?
As a 60 year old, wanting to protect my estate with Life Insurance, what type of life insurance should I obtain (whole life, 20 year Term….), what is the typical annual premium and do those premiums increase with my age?
Permalink Submitted by Steve Mayer on Tue, 2012-03-13 16:46
Your question is too broad. Your exact situation is the best way to answer what is best. Sometimes you can have paid up life if your estate can handle the payment.
Permalink Submitted by Kent Roy on Thu, 2012-04-26 10:03
Whole life policies do have their place, just typically not for working adults. These policies can provide significant wealth transfer and estate planning benefits, but are more than likely far too costly for someone in their 30s or 40s. You really need to be careful when dealing with an insurance salesman as they can do a pretty good job at making whole life sound like an investment.
Permalink Submitted by Linda Howard on Thu, 2013-03-21 06:43
You buy life insurance. You die. Your beneficiary gets the money. You can buy enough to cover funeral costs or you can buy enough to live off for years, varies greatly.Warren workers compensation insurance quote
Permalink Submitted by Aubrie Clopton on Tue, 2013-06-04 07:21
Since you are looking for the best insurance company, you should go for their seminar and choose the best that you want. Your question is quite broad.