FInancial Literacy And More
Last month, I have completed my health benefits and have upgraded my life insurance policy. It is a group term insurance from work so I enjoyed substantial savings on the monthly premium. Also, it covers up to $20,000 for my wife. Normally, dependent coverage are low because it acts just like a burial policy.
So if my wife needs to have a high life insurance coverage, we would need to get it outside of work.
Life Insurance » Upgrading My Life Insurance Policy
November 21st, 2007 at 10:34 pm
[…] FILAM Personal Finance Personal Finance, Frugal Living and My Misc Ramblings wrote an interesting post today on Upgrading My Life Insurance PolicyHere’s a quick excerpt Last month, I have completed my health benefits and have upgraded my life insurance policy. It is a group term insurance from work so I enjoyed substantial savings on the monthly premium. Also, it covers up to $20,000 for my wife. Normally, dependent coverage are low because it acts just like a burial policy. So if my wife needs to have a high life insurance coverage, we would need to get it outside of work. […]
Health Insurance » Upgrading My Life Insurance Policy
November 21st, 2007 at 10:46 pm
[…] FILAM Personal Finance Personal Finance, Frugal Living and My Misc Ramblings wrote an interesting post today on Upgrading My Life Insurance PolicyHere’s a quick excerpt Last month, I have completed my health benefits and have upgraded my life insurance policy. It is a group term insurance from work so I enjoyed substantial savings on the monthly premium. Also, it covers up to $20,000 for my wife. Normally, dependent coverage are low because it acts just like a burial policy. So if my wife needs to have a high life insurance coverage, we would need to get it outside of work. […]
Insurance » Upgrading My Life Insurance Policy
November 21st, 2007 at 10:47 pm
[…] FILAM Personal Finance Personal Finance, Frugal Living and My Misc Ramblings wrote an interesting post today on Upgrading My Life Insurance PolicyHere’s a quick excerpt Last month, I have completed my health benefits and have upgraded my life insurance policy. It is a group term insurance from work so I enjoyed substantial savings on the monthly premium. Also, it covers up to $20,000 for my wife. Normally, dependent coverage are low because it acts just like a burial policy. So if my wife needs to have a high life insurance coverage, we would need to get it outside of work. […]
Gary
January 27th, 2008 at 9:07 pm
I’ve sold life insurance for 14 years. I like having permanent insurance, but understand why people buy term. Worst case, try to have a combination of term and permanent. As you get “older” you will come to appreciate the permanent alot more.
Arizona Life Insurance
August 22nd, 2010 at 9:29 am
Thanks for a great article. I personally recommended term and invest your money, not in a permanent product but. in something that’s going to give a better return rate.