I need life insurance.....what should I do?

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Posted: Wed Nov 04, 2009 7:07 pm Post subject: I need life insurance.....what should I do?

I am a 55 year old man with no life insurance. I have no health issues. I would not like to pay much per month.

DRJDunamis

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Joined: 04 Nov 2009
Posts: 1

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Posted: Thu Nov 05, 2009 3:22 am Post subject:

Go with term life insurance. Affordable and better coverage. Stay away from whole life policies.

Trench

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Joined: 16 Sep 2009
Posts: 183

Location: Kansas City
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Posted: Thu Nov 05, 2009 3:47 am Post subject:

Is it possible to get more than 1 insurance per person?

choco

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Joined: 07 Jul 2009
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Posted: Thu Nov 05, 2009 4:57 pm Post subject:

More than one "insurance" per person huh? If, by "insurance" you mean life insurance policy, then yes, you can have as many as you want.

Fishman

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Posted: Thu Nov 05, 2009 4:59 pm Post subject:

Trench, that's a pretty bold assertion based on the information provided. Whole life might be the best possible policy for this poster. Depending on his needs. No one wants to pay much per month, but "much" is highly subjective. BTW, what is "better" about term coverage as opposed to WL?

Fishman

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Joined: 04 Apr 2008
Posts: 143

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