Should I purchase a universal life policy to replace my term policy which runs out at age 81? The cost for the universal pocily is about $130 more a month.
submitted by linda in atlanta
Linda,
A few questions for you...but first and foremost, I'd contact a local advisor to sit down with you and to really go over your options. An advisor would be able to answer your questions directly and much more efficiently than on here.
How is your estate? How old are you? What is your family history? Can you afford another $130/month? If so, how much insurance are you getting? You may need more or less. What do you want to get out of your policy?
These are only a few questions I would ask...
submitted by Brian Todd in Livermore, CA
@ June 25, 2009 - 05:49 PM
A few questions for you...but first and foremost, I'd contact a local advisor to sit down with you and to really go over your options. An advisor would be able to answer your questions directly and much more efficiently than on here.
How is your estate? How old are you? What is your family history? Can you afford another $130/month? If so, how much insurance are you getting? You may need more or less. What do you want to get out of your policy?
These are only a few questions I would ask...