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The Watercooler
need life insurance company recommendation please
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<blockquote data-quote="svengandhi" data-source="post: 110813" data-attributes="member: 3493"><p>I can't recommend a company but I suggest you look for a broker who is independent and deals with a number of companies so you will have a wider range of choice.</p><p></p><p>Whatever you do, avoid whole life like the plague - the brokers get rich off of it but for regular people it's a racket. Take term insurance for a term to cover till your youngest child is 18 or 21.</p><p></p><p>Just read your profile - why does your husband need life insurance? Do you not have retirement savings? When my kids are grown, I will cancel mine. To my mind, the only reason to have it is to support children and a stay at home parent. If you want to have money for a funeral, take out a home equity loan and don't use any of it - it's there when you need it and you won't be spending x amount a month for it. In the meantime, try and put away a sum of money each month earmarked for funeral expenses.</p></blockquote><p></p>
[QUOTE="svengandhi, post: 110813, member: 3493"] I can't recommend a company but I suggest you look for a broker who is independent and deals with a number of companies so you will have a wider range of choice. Whatever you do, avoid whole life like the plague - the brokers get rich off of it but for regular people it's a racket. Take term insurance for a term to cover till your youngest child is 18 or 21. Just read your profile - why does your husband need life insurance? Do you not have retirement savings? When my kids are grown, I will cancel mine. To my mind, the only reason to have it is to support children and a stay at home parent. If you want to have money for a funeral, take out a home equity loan and don't use any of it - it's there when you need it and you won't be spending x amount a month for it. In the meantime, try and put away a sum of money each month earmarked for funeral expenses. [/QUOTE]
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need life insurance company recommendation please
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