Subject: Re: Re: best life insurance for family needs

Comments:
: : I know it seems morbid to have life insurance on your children. I feel I can discuss this with you from a personal view. I lost my 18 year old daughter in a car accident, we had no life insurance except the burial expense on our car insurance of $2,500 the funeral cost was over $8,000 yes, bad things do happen to everyone. If it taught me nothing else I learn I am no different than anyone else. You need at the least $25,000 coverage on your children. Why you would say? I worked out of my home so I didn’t have to go back to work right away, my husband on the other-hand was given 3 days funeral pay. So he had to return to work, we needed the money, he needed at least 3 months off to mourn the lose of our daughter and I needed him home with me, so that is why I say you should have at least $25,000 coverage it would have allowed my husband to take some time off yes, his employer would have given him more time but not with pay. It should be their own policies 20 pay with the insurability protector so they will be able to buy insurance in the future if they develop a health problem. My son-in-law is 28 years old and his is insulin dependent diabetic basically he is uninsurable, because my daughter and he can’t not afford the premium for the amount of coverage he needs. Email me if you like I am alos in Pa. : Your children will grow up and have families of their own they will want to be able to buy life insurance to protect their own families. They may not be able to. Most people think if I need it I will just buy it when the time comes that’s ok if you are healthy. Don’t let anyone talk you into buying life insurance as an investment for your children the premiums are so small they will never be able to accumulate enough in them to do anything for many years. Keep you $25,000 whole life on you and your husband, yes your term may cover you till age 90 but look and see how much your premium pay for that term when you are 60. Will you want to pay a premium of that amount? Don’t burn your bridges because someone has told you buy term invest the rest. Your situation could change drastically if your husband were to become disabled. : ; Hi! : : I'm a 32 yr old married female, non-smoker, and homemaker. I work part-time, but my husband is the primary source of income in our family. We make about $52,000.00 a year. We currently have a combination of both term and whole life insurance. We live in the state of Pennsylvania, and are paying about $102.44 for our life insurance policies. We are each covered for about $300,000.00, $25,000.00 in whole, and $275,000.00 in term. We have two small children, under 8 yrs old, and they have riders on my policy. (Do I really need policies for them. It seems rather morbid?) We just meet with our insurance agent, and the company is trying to get us to increase our whole life policies. They are saying that by investing in them now, we can have a substantial amount of money saved for retirement. My question is, do we need whole life? Is it really that good of an investment, they quote their returns at 6%. We both have IRA's. Our term life will drop off after we turn 90 yrs old, so we will no longer have life insurance. It makes me wonder why I'm going to be paying for something for 58 yrs, and then have nothing to show for it. : : Anyway, could you please suggest a good option for us, because right now we would like to make wise financial decisions, but also maintain good insurance coverage encase of any accidents. : : Sorry my message is so long, I'm just trying to get as much info, to make an educated decision. : : Thank you for your time. : : Nicole

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