Monday, November 21, 2005

Buy Term Life Insurance

I bought term life insuarnce recently, through SBLI. 500,000, 30 years, about $530 a year.

My wife bought through another company. 400,000, 30 years, about $450 a year.

Usually, if you bought both from the same company, they will offer you a discount. But SBLI offers are unisexm which means sex does not play a role in determining the rate. Thus it is good for male, but not for female.

Why bother to buy life insurance if my employer offers me one?
First, the amount is not enough. Second, when you leave the company, you can not carry it any more. When you want to apply at that time, your rate will be much higher, becase you are older.

Why Term?
If you talk to insurance agent, they will recommend you to buy whole life. The point is if you die, no matter how old you are, you will get coverage. I talked to financial advisor, actually one of them was a insurance agent before. He said, always to buy term life insurance. First, the agent will not get much of your money. Second, term is much cheaper. If you have extra money, setup a separate investment account, the overall return will be much better.

Remember, insurance is insuarnce, it is not for investment.

Where to Buy?
The best is in your mail and on the web.

SBLI has a promotion. I received many mails from them. That's one of my options.

Also try to call the insurance companies you have relationship with, such as car insurance company. They may give you a discounted rate.

Also go to google.com to search for "Life Insurance", you will find many sites. Some of them can provide you with instance quotes.

23 Comments:

At 12:09 PM, Blogger credit cards now said...

hi Blogger , long time no chat! remember when you told me all about adsense hints ?

can you teach me more?
inquiring minds would like to know as adsense hints seems AWESOME!!!

Jen

 
At 9:18 PM, Blogger yinglisa said...

This information is very useful. Now I begin to consider buy life insurance for myself and my husband.

 
At 12:02 AM, Blogger D.C. Bowns said...

Hi Blogger, you have a nice blog. Glad to see it. Today I was out blog surfing looking for detailed info on mortgage banking when I found your page. Your Buy Term Life Insurance is not an exact match but it did catch my interest. I am going to add you to my favorite list of blogs for future reading and reference. Should you ever need
information on mortgage banking then drop by the site above and check it out.

 
At 3:52 AM, Blogger Matthew Humphries said...

Hi Blogger, very interesting post.

I'm not too familiar with blogs, but I found your post " Buy Term Life Insurance " a good read. I was actually looking for information on Resell Rights Ebooks and found your post. Any recommendations for the best infromation about Resell Rights Ebooks?

Nice one.

 
At 12:18 AM, Blogger Matthew Humphries said...

Hello Blogger,

I am based in the UK and I stumbled across your post " Buy Term Life Insurance ".
I'm quite keen on finding any useful information on Ebay Ebooks. I found some good stuff on Ebay Ebooks but I wondered whether you may have any advice on the best resources out there.

Thanks in advance.

 
At 1:19 AM, Blogger ins said...

if you are over 45 years old you should consider Term insurance. If you are under 40, you should buy varible life insurance. I will explain more when I have more time.

 
At 1:19 AM, Blogger ins said...

This comment has been removed by a blog administrator.

 
At 6:20 PM, Blogger Matthew Humphries said...

Hi Blogger,

I see you share my interest in Second Income. Your input would mean a lot to me. If you would be so kind to visit my site and give me your feedback, I would most appreciate it.

Thanks

 
At 9:47 PM, Blogger D.C. Bowns said...

Hi Blogger...Wow! While I was searching for info on residential mortgage I somehow found your page. Obviously I ended up a little off base, but I am certainly glad I stopped by for a read. While I am here, I just wanted to drop a quick note to comment your blog...now to move on and continue my search for residential mortgage. Should you ever need it, there's lots of information on this site about residential mortgage.

 
At 12:53 PM, Blogger Matthew Humphries said...

Hi Blogger, very interesting post.

I'm not too familiar with blogs, but I found your post " Buy Term Life Insurance " a good read. I was actually looking for information on Ultimate Ebooks and found your post. Any recommendations for the best infromation about Ultimate Ebooks?

Nice one.

 
At 4:50 AM, Blogger Dale said...

Hi Blogger, I found your blog informative. While out blog surfing today for specific info on mortgage interest, I ended up on your page. Your Buy Term Life Insurance shows that I ended up a little off base, but I am certainly glad I stopped by. I will bookmark your site for a future visit, and should you ever need it, there is plenty of information on this site about mortgage interest.

 
At 12:22 PM, Blogger Sam said...

Hi Blogger...Wow! While I was searching for info on small business credit card I somehow found your page. Obviously I ended up a little off base, but I am certainly glad I stopped by for a read. While I am here, I just wanted to drop a quick note to comment your blog...now to move on and continue my search for small business credit card. Should you ever need it, there's lots of information on this site about small business credit card.

 
At 9:57 AM, Blogger Dale said...

Hi Blogger...Wow! While I was searching for info on mobile home mortgage I somehow found your page. Obviously I ended up a little off base, but I am certainly glad I stopped by for a read. While I am here, I just wanted to drop a quick note to comment your blog...now to move on and continue my search for mobile home mortgage. Should you ever need it, there's lots of information on this site about mobile home mortgage.

 
At 11:45 AM, Blogger Joe Langer said...

Hi Blogger, very interesting post.

I'm not too familiar with blogs, but I found your post " Buy Term Life Insurance " a good read. I was actually looking for information on Google Adsense and found your post. Any recommendations for the best infromation about Google Adsense?

Nice one.

 
At 5:19 PM, Blogger Sam said...

Hi Blogger, you have a nice blog. Glad to see it. Today I was out blog surfing looking for detailed info on college student credit card when I found your page. Your site describing Buy Term Life Insurance is not an exact match but it did catch my interest. I am going to add you to my favorite list of blogs for future reading and reference. Should you ever need information on college student credit card then drop by the site above and check it out.

 
At 3:27 AM, Blogger Joe Langer said...

Hello Blogger,

I am based in the UK and I stumbled across your post " Buy Term Life Insurance ".
I'm quite keen on finding any useful information on Money Making Website. I found some good stuuf on Money Making Website but I wondered whether you may have any advice on the best resources out there.

Thanks in advance.

 
At 5:21 PM, Blogger Frank said...

Hi there Blogger. Your blog's fantastic. I was looking for stuff on making money. But I can see why I came to your page when I was looking for information on making money. Awesome read!

 
At 8:38 PM, Blogger Mortgage Center said...

Hi, Thanks for your interesting blog. Keep up the great work! I also have a site & blog about mortgage calc, please feel free to visit.

 
At 9:32 PM, Blogger Credit Center said...

Hey, you have a great blog here! I'm definitely going to bookmark you!

I have a credit cards for bad credit site/blog. It pretty much covers credit cards for bad credit related stuff.

Come and check it out if you get time :-)

 
At 10:27 AM, Blogger Mortgage Center said...

I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here.
I also have a web site & blog about mortgage broker license
so I know what I'm talking about when I say your site is top-notch! Keep up the great work!

 
At 4:38 AM, Blogger Beth said...

Hi there,

I just ran across your site and enjoyed reading through everything.

I'm trying to get a blog going on my site too. But I dont think i have the patience to do it!

--Amy
My annuity quote Site

 
At 4:17 PM, Blogger Beth said...

Hi there,

I just ran across your site and enjoyed reading through everything.

I'm trying to get a blog going on my site too. But I dont think i have the patience to do it!

--Amy
My cash for annuity payment Site

 
At 11:01 AM, Blogger travel junkie said...

Hey, I really appreciate your info. I need life insurance on my husband and he needs it for me. I will consider using the company you used. Can you tell me their website or phone number? honeymoonexpert@yahoo.com

 

Post a Comment

Links to this post:

Create a Link

<< Home