Do I need more life insurance than term life thru my job?
Posted in Life Insurance Questions 11 months ago, 3 replies
submitted by Betty G. in Dayton, Oh
Do you plan on ever having a family or are there charitiable organizations you wish to impact?
submitted by Andrew Burks in Salem, IN
@ April 10, 2009 - 10:02 AM
Reply
Do you plan on dying while working at your job? If you do, then why would you need more insurance?
Okay, I say that jokingly. First of all, if you ever plan on leaving your job the question is can I continue to have my insurance through my job? Secondly, depending on your situation, you may want to have some sort of retirement supplement. Lastly, just because you have the insurance coverage now, does not mean you will be covered when you leave your job...even for retirement.
Please, read the fine print...know that your age and health are what enables you to get life insurance...do you have a lease on life? Or, better yet do you think you will be in the same or better health when you go to retire and need some insurance for your family? Think...
Okay, I say that jokingly. First of all, if you ever plan on leaving your job the question is can I continue to have my insurance through my job? Secondly, depending on your situation, you may want to have some sort of retirement supplement. Lastly, just because you have the insurance coverage now, does not mean you will be covered when you leave your job...even for retirement.
Please, read the fine print...know that your age and health are what enables you to get life insurance...do you have a lease on life? Or, better yet do you think you will be in the same or better health when you go to retire and need some insurance for your family? Think...
you should look into getting at least enough to cover your funeral. You dont want to leave the burden on family. Even if you are still covered by your works term doesn't mean it will pay immediately. It usually takes 60 to 90 days for a company to pay out. Email me @ redraddo@hotmail.com and I'll answer some questions