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

Message

Author

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

New member

Joined: 04 Nov 2009
Posts: 1

1.30 Dollars($)

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

Senior member

Joined: 16 Sep 2009
Posts: 911

Location: Kansas City
152.85 Dollars($)

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

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

choco

Member

Joined: 07 Jul 2009
Posts: 61

12.26 Dollars($)

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

Preferred member

Joined: 04 Apr 2008
Posts: 143

45.31 Dollars($)

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?