Stormy Kromer
Thinks s/he gets paid by the post
- Joined
- Oct 1, 2017
- Messages
- 1,160
DS is 25 and is planning on getting married soon. His wife to be is also 25.
I'm going to highly recommend to them to each get Term Life Insurance as soon as they're married, or even right now and name each other as beneficiaries.
I'm thinking 30 year Term in an amount of at least $500,000. Both are healthy and neither smoke so I'm thinking it should be relatively affordable.
I don't know any Life Insurance Agents that I can recommend to them and I want them to avoid the pressure of upselling them to a Whole Life or Variable Life Policy which I'm sure would happen. They'll both be maxing Roth IRA's which will be a much better vehicle for long term savings than cash value inside an insurance policy. I can say this with confidence because I have both VUL's and Roth IRA's.
I'm wondering if anyone on the forum has taken out a Term Life policy directly with an insurer, either online or over the phone. Buying Term Insurance should be pretty simple, I'm hoping it will be for them
Thanks for any input or advice you can offer them.
I'm going to highly recommend to them to each get Term Life Insurance as soon as they're married, or even right now and name each other as beneficiaries.
I'm thinking 30 year Term in an amount of at least $500,000. Both are healthy and neither smoke so I'm thinking it should be relatively affordable.
I don't know any Life Insurance Agents that I can recommend to them and I want them to avoid the pressure of upselling them to a Whole Life or Variable Life Policy which I'm sure would happen. They'll both be maxing Roth IRA's which will be a much better vehicle for long term savings than cash value inside an insurance policy. I can say this with confidence because I have both VUL's and Roth IRA's.
I'm wondering if anyone on the forum has taken out a Term Life policy directly with an insurer, either online or over the phone. Buying Term Insurance should be pretty simple, I'm hoping it will be for them
Thanks for any input or advice you can offer them.