• Set Yourself Up For Success Webinar

    October 6, 2021 at 2 PM Eastern/11 AM Pacific
    SDN and Osmosis are teaming up to help you get set up for success this school year! We'll be covering study tips, healthy habits, and meeting mentors.

    Register Now!

  • Site Updates Coming Soon

    Site updates are coming next week on Monday, Wednesday, and Friday. Click the button below to learn more!

    LEARN MORE

Life insurance

aneftp

Full Member
10+ Year Member
Mar 23, 2010
2,101
1,084
276
  1. Attending Physician
Stick with term life. Buy it when you are young/younger.

Keep it simple. Don't get caught up with all these variable life/annunity sales pitches.

What do you mean does any of the policy cover ur spouse?

You can make beneficiary anyone you want. Spouse/kids/mother/sister.

You can buy life insurance out on ur spouse as well.
 
Upvote 0

pgg

Laugh at me, will they?
Administrator
Volunteer Staff
15+ Year Member
Dec 15, 2005
13,654
14,166
626
Home again
  1. Attending Physician
whitecoatinvestor.com
bogleheads.org


Get the cheapest term policy from a reputable company. Term life insurance is a commodity. There's nothing special about it.

Consider getting two policies of different durations, because your need for life insurance will probably decrease as you get older. For example, a 30 year policy for $X and a 20 year policy for $Y.


You can buy life insurance out on ur spouse as well.

If there's one thing television informative murder porn has taught me, it's that the cops always catch the guy who buys life insurance for his wife, if she has an unfortunate accident a week later. So, be sure wait a little longer before you off her.
 
  • Like
Reactions: 1 user
Upvote 0
About the Ads

pgg

Laugh at me, will they?
Administrator
Volunteer Staff
15+ Year Member
Dec 15, 2005
13,654
14,166
626
Home again
  1. Attending Physician
I'd like to add....I'd make having good disability insurance a priority over life insurance.
That's an odd thing to say. They're totally different things with totally different purposes.

People with families need both. Single people don't necessarily need life insurance.
 
Upvote 0

MD Financial Services Scott

Full Member
Sponsor
7+ Year Member
Feb 27, 2014
360
111
216
Denver, CO
www.mdfinancialservices.com
  1. Non-Student
When you look at a life insurance policy I always think that one should buy the amount of coverage they need then the duration of the term period you can afford 2nd. When looking at companies I think you should also know the size, rating, any accelerated benefits, and of course that the premium is truly fixed for the entire period of the term. Beware there are some carriers / products that might say 10, 15, 20 or 30 year term but when you read the contract it is not locked in for that period but rather it is 'projected level' after some period of fixed time.
 
Upvote 0
About the Ads
This thread is more than 6 years old.

Your message may be considered spam for the following reasons:

  1. Your new thread title is very short, and likely is unhelpful.
  2. Your reply is very short and likely does not add anything to the thread.
  3. Your reply is very long and likely does not add anything to the thread.
  4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
  5. Your message is mostly quotes or spoilers.
  6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
  7. This thread is locked.