Whos everyone using for life insurance? I've shopped around at statefarm and they want $50 for 10 years for 500,000....
Life insurance?
Discussion in 'Ask An Owner Operator' started by TruckerPete1990, Nov 26, 2020.
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GET A LIFE INSURANCE QUOTETruckerPete1990 and truckdriver31 Thank this. -
feldsforever and TruckerPete1990 Thank this.
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My wife and I are both members. -
Usually it's immediate family.
If wife is..Hubby would qualify..And the kids.Chinatown Thanks this. -
Buying life insurance is no different from any other product. You get what you pay for and many folks get sucked in to worthless post qualifying policies. Do you really think $50 a month policy for $500,000 insurance would ever pay out??? If no medical is required you likely only making a donation to the insurance company.
Know what you are buying
My current “permanent” policy which I’ve had 20 years pays dividends now which in turn pay the policies premiums.Last edited: Nov 29, 2020
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State Farm is NOT going to be the best buy. You should be able to beat them by at least 30% through an independent broker.
There's quite a few on line places, but make sure you use a burner email, because most of them will sell your email and you'll be buried in spam.
There's some good hints here: https://www.nerdwallet.com/blog/life-insurance/RubyEagle Thanks this. -
I was doing good on a $70 a month 20 year 1million policy that expires here soon. Now I'm 52 and looking around. I can't touch that price anymore at my age. Best I've found is a 10 yr. policy at $300K for that same monthly. At this point I'm only looking at $250K, enough to have a funeral for me, pay off the mortgage, and a year of income for my wife. She's capable of running our company without me, and the company wouldn't fold if I was gone.
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