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Do you have life insurance?

I have a $250,000 policy on me.

 
Cindy18

Asked by Cindy18 at 4:50 PM on Jul. 7, 2011 in Money & Work

Level 28 (33,953 Credits)
This question is closed.
Answers (11)
  • Yes, DH and I each have individual term life insurance policies in addition to the coverage we get through our workplaces. I’m covered for $250,000 and my DH is covered for $500,000. We recently upped our coverage and got the cheapest life insurance we could find through a reputable company with an excellent financial rating.


     


    Denise

    DeniseMancini

    Answer by DeniseMancini at 10:04 AM on Aug. 5, 2011

  • Yes. We have 30 yr term. $2 million on my husband and $1 million on me.
    Syphon

    Answer by Syphon at 4:53 PM on Jul. 7, 2011

  • Yes, I have 2 policies. You're ''supposed'' to have them/it in the amount that it would take to cover the cost of what you make now, until your children turn 18. Say, if you make 50,000 a year now and your kids are 3 & 5, you will need 50,000 X 17 years.
    cheekycherub

    Answer by cheekycherub at 4:53 PM on Jul. 7, 2011

  • I wanted to know the same thing, and what company is that,oh I wanted to know the price?
    Anonymous

    Answer by Anonymous at 6:30 PM on Jul. 7, 2011

  • Nope
    tasches

    Answer by tasches at 7:28 PM on Jul. 7, 2011

  • Yep a $250000 one. I pay $25 a month for it
    ZanderandBella

    Answer by ZanderandBella at 9:15 PM on Jul. 7, 2011

  • We have 250,000 on me. My husband has a policy at work that is 4 times his pay so 1.4 million. We also have two other policies totally nearly 3 million. My husband doesn't want me to worry about working. Told him he better make sure to never die under suspicious circumstances.lol

    Anonymous

    Answer by Anonymous at 2:43 AM on Jul. 8, 2011

  • Both my husband and I have well over $1M.
    blueberry1

    Answer by blueberry1 at 8:21 PM on Jul. 9, 2011

  • All I can afford is $55,000 on my husband, that is $26.00 a month but that covers if he gets disabled too, and in his job, it can totally happen. I have a $30,000 on my daughter for $13.00 a month and through my work I have about a $50,000 for pennies a month.
    emmyandlisa

    Answer by emmyandlisa at 8:21 PM on Jul. 9, 2011

  • $500,000 on me. And it's true that you want about 8 to 12 times your annual income- but as a SAHM I don't exactly bring in much. That being said, it would cost an arm and a leg should something happen to me. Think about it- I can coupon, grocery shop, watch our son, clean our home. I know some of that my husband can pick up on- but he can't exactly watch our son while he's at work.

    I have 20 year fixed term life insurance and I pay $35 a month for it. I am thinking of reapplying though since I've now lost 60 pounds and the reason it was $35 a month instead of closer to $20 is because of my weight. We shall see though.
    Erica_Smerica

    Answer by Erica_Smerica at 8:21 PM on Jul. 9, 2011

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