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View Poll Results: Those of you still working/not FIRE, how much life insurance are you carrying?
2x annual income or less 46 47.92%
3x to 5x AI 26 27.08%
6x to 8x AI 15 15.63%
9x to 11x AI 5 5.21%
12x or more 4 4.17%
Voters: 96. You may not vote on this poll

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Re: How much life insurance do you carry?
Old 07-26-2006, 08:39 AM   #61
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Re: How much life insurance do you carry?

Quote:
Originally Posted by brewer12345
Ranger, I am curious: why deal with these guys instead of USAA?
I got this policy before I jumped on board with USAA, haven't even compared rates?

Does USAA have better term?


Edit: Here is what USAA said when I tried to shop for Insurance:

Based on your data, we have no life insurance products available to meet your needs.

Not sure why?
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Re: How much life insurance do you carry?
Old 07-26-2006, 08:45 AM   #62
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Re: How much life insurance do you carry?

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Originally Posted by PsyopRanger
Does USAA have better term?
They have a full range of policies and they are almost certainly a much better credit risk.
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Re: How much life insurance do you carry?
Old 07-26-2006, 03:12 PM   #63
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Re: How much life insurance do you carry?

I carry about 15x gross income.* I recently got my first real job after having been in school for nearly all my life.* I currently support my wife and son, have a good income, but no savings.* I figure that carrying this much insurance is the least I can do for my wife because she sacrificed a lot to put me through so much school.* Plus, it motivates me to be a very good husband because I want her to value my company more than the potential death benefit.
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Re: How much life insurance do you carry?
Old 07-26-2006, 05:22 PM   #64
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Re: How much life insurance do you carry?

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Originally Posted by Ed_The_Gypsy
Just curious here...

Are all you active-duty military types absolutely sure that your life insurance will pay if you die in a war zone/combat/etc?* I can't recall how it was when I was in.* I just remember that widows often got nothing or close to it.
Yes! The spouse has SGLI and Navy Mutual Aid. I thought they were cheaper for us than USAA, but I will check again.
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Re: How much life insurance do you carry?
Old 07-26-2006, 09:30 PM   #65
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Re: How much life insurance do you carry?

Quote:
Originally Posted by FlowGirl
Yes! The spouse has SGLI and Navy Mutual Aid.* I thought they were cheaper for us than USAA, but I will check again.
I don't think that anyone is cheaper than SGLI, but USAA is pretty competitive... I haven't used NMAA in decades.
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Re: How much life insurance do you carry?
Old 07-27-2006, 02:32 AM   #66
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Re: How much life insurance do you carry?

Here's what I got from USAA:

Thank you for your inquiry. Unfortunately the USAA Life Insurance Company is not able to write new business for members that are residing in Italy due to licensing and compliance issues.

As long as your current coverage has no War Exclusion, I would recommend staying with that policy. Currently we have military underwriting limits based upon rank, and the maximum coverage we would have been able to offer you is $300,000.
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Re: How much life insurance do you carry?
Old 07-27-2006, 02:47 PM   #67
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Re: How much life insurance do you carry?

The poll has no specific category for 0x.

We have figured since our house was paid off we didn't really need any.
Had 1.5x through DH's work but he quit and we figure with no kids, the survivor would make it just fine with nest egg savings and cheaper cost of living for one person instead of two.
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