Life insurance?

If you're a military veteran, check with www.USAA.com
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GET A LIFE INSURANCE QUOTE

 

I have State Farm, roughly $70 a month for $1,000,000 policy, 20 year term. I’ve spent $70 a month on worse things, and it helps me sleep at night if I do drop dead my wife and kids will have plenty, plus selling my equipment and other junk I’ve collected, hopefully they could live comfortable for a while until my wife can figure out things.

 

they sent someone to my house out in the middle of nowhere, couldn’t of been more convenient.

 

USAA is for veterans and family members. You're qualified for membership.
My wife and I are both members.

 

Usually it's immediate family.

If wife is..Hubby would qualify..And the kids.

 

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.

 

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/

 

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.