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 Posted: Wed Jul 06, 2005 4:37 am Post subject: age for life insurance |
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| Suggest! Is there any definite age or event that one should buy a life insurance policy? |
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s
Joined: 28 Sep 2005
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| Posted: Wed Jul 06, 2005 4:55 am Post subject: age for life insurance |
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Life insurance can be seen as an income replacement for dependents. It is less expensive when a man is younger and heatheir and that's why it is related to the events like marriage, having kids and the like. So it is advisable that you assess your own need according to your age and then decide.
Thanks. |
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tim
Joined: 28 Sep 2005
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| Posted: Thu Nov 13, 2008 12:40 pm Post subject: life |
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| Yep...good advice, TIM. You don't want to pay alot of money for something you really don't need. However, I've been looking into different Life Insurance policies for 'specific' things. So far, it's been difficult. I'm given policies with things I'm not interested in, etc. from different insurance companies. A few of them can be pushy. If they're pushy like that, who would want to do business with them in the first place? |
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sdchargersfan
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| Posted: Mon Nov 17, 2008 4:41 am Post subject: |
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SD - Here we go again with life insurance in the Auto Forum 
Life events should trigger a life insurance discussion with someone knowledgeable. Not saying it has to be an insurance agent - it could even be info derived from a Google search. Marriage, birth of first child, or additional children are some of the life events that come to mind.
So instead of age being a factor, I say responsibility for other people should be the deciding factor. After all, you don't buy life insurance for you. Is the insured going to spend the proceeds? You get it for the people you love and want to provide for. |
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CarInsuranceGuy
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| Posted: Mon Nov 17, 2008 11:44 am Post subject: insurance |
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| OOPPPS!!! Am I posting this in the wrong forum, CARINSURANCEGUY?? I DO apologize if I am. Must be having a 'senior moment' (I'm 44 years old..LOL). Well.......thanks for the advice. There's ALOT of 'factors' in my life!!LOL |
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sdchargersfan
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| Posted: Mon Nov 17, 2008 12:47 pm Post subject: |
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| No apologies needed at all, SD. We're just replying to the thread where it is. I'm sure it won't be the last time |
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CarInsuranceGuy
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| Posted: Mon Nov 17, 2008 2:15 pm Post subject: Definite age or event one should buy life insurance? |
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Yes, there are many different ages, or events, that may trigger the need for a person to buy life insurance.
Throughout your life there may be several different events that lead to buying a life insurance policy.
Among those events may be the following:
1. Getting married.
2. Buying a home.
3. Having children.
4. Getting a new job.
5. Providing for a favorite charity.
6. Adopting children.
7. Retirement.
Other reasons people may want to consider the purchase of a life insurance policy would include: To provide money to pay for a funeral, burial plot, final expenses, casket, and memorial service.
Or, to provide money for your family to continue their current lifestyle, for your spouse's retirement, the kids college education, or funds to pay off your mortgage, or any other debt you and your family may have.
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Hadley
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| Posted: Mon Nov 17, 2008 3:19 pm Post subject: |
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| Maybe the moderator will need to rensfer the post to the right place. Hadley I think you listed some very important factors here when considering just how much and what protection you need. |
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fireyone
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| Posted: Tue Nov 18, 2008 2:33 am Post subject: insurance |
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I'm divorced now, SOOOOOO my ex is no longer a 'factor' ( thank goodness!!LOL) However.......of course, my son is. He's 15 now. Something 'small(?)' to start him out with. I don't know if that made sense or not, but, I hope ya'll get my meaning.  |
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sdchargersfan
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| Posted: Tue Nov 18, 2008 3:19 am Post subject: |
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| We all as mothers try to think ahead for our children. You seem like a great mom. If you haven't found anything yet just keep looking there has to be something out there for you. |
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fireyone
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| Posted: Tue Nov 18, 2008 5:27 am Post subject: |
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Since the thread is a very old one we haven't changed them all when we changed the names of the forums (yeah, there were no auto, home and health forum before). Its not known to our new members. Hence I thought of spilling the secret  to avoid confusions 
So, no apologies SD if there is anyone to be blamed that would be me
Thanks,
Lakemen
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lakemen
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| Posted: Tue Nov 18, 2008 5:34 am Post subject: |
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I agree with you carinsuranceguy, our requirements keep changing with time and therefore our need for coverage. The decision to buy life policy should be driven not only by age but by the necessities.
Whole life policies with the cash back option sounds great for young lives. This would create saving for their future upon which they can count on. Term life policies would be absolutely “out of consideration”. However, some seasoned life agent may can help you with suggestions. Lets wait to hear from them.
~Jeremy |
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JeremyHolter
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| Posted: Wed Nov 19, 2008 5:25 am Post subject: insurance |
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| Yep, FIREYONE....I'm still looking. Just trying to see what 'fits' me best. Thanks for the comment ( about the 'mom thing.') I do the best I can. Sometimes it's a struggle ( as EVERY mom would know) but, I wouldn't give it up for anything!! Thanks for the "no apologies" thing, LAKEMEN. I guess I do 'go off' the subject a bit. However.......sometimes there are SOOO many 'directions' you can go, with some of these posts. |
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sdchargersfan
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| Posted: Wed Nov 19, 2008 7:23 pm Post subject: |
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| I agree wiht you SD. Seems you anyone can start out on a sublect that can be sent in many directions. SD I bet if you made this a new question..the one about getting life insurance for your 15 year old son then alot of mambers may take notice and give you some great ideas. I haven't had to worry about life insurance for my daughter since it is supplied through my husbands work. I may ask my sister-in-law. She just went through all this with her daughter who was diagnosed at birth with cerebal palsy. Born to early. Your welcome on the mom remark. |
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fireyone
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| Posted: Fri Nov 11, 2011 2:12 am Post subject: Yes! |
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I agree with Hadley.. These are great reasons to buy a term life insurance policy. However, everyone's situation is different and even if you've decided that it is time to buy a policy, there are many to choose from.
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