https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Wed, 27 May 2026 10:24:09 +0000 https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952483 Thu, 20 Nov 2014 13:16:35 +0000 LindsayInNY 1952483@https://boards.hellobee.com/ <p>@regberadaisy: Both/all are with Guardian Insurance. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952408 Thu, 20 Nov 2014 12:52:11 +0000 BananaPancakes 1952408@https://boards.hellobee.com/ <p>20 years. We'll be 51 when they expire. I didn't think they'd be necessary past that for us. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952395 Thu, 20 Nov 2014 12:49:07 +0000 ballerinabee 1952395@https://boards.hellobee.com/ <p>We just got 20 year policies, so I'll be in my 50s when it expires. We can convert all or some of it to whole life at any time during the term. Our rates for term are locked in for the 20 years. </p> <p>We can revise it at any time, so as we have more kids / buy a bigger house / cars, etc. we can increase it. Or, once our kids are done with school / things are paid off, we can decrease it. We'll re-evaluate every 5 years or so, unless we have a major life change. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952379 Thu, 20 Nov 2014 12:41:33 +0000 Sparkler 1952379@https://boards.hellobee.com/ <p>We purchased 30 year policies when we were 28 or 29, so we don't plan to renew! </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952375 Thu, 20 Nov 2014 12:38:12 +0000 FliegepilzHut 1952375@https://boards.hellobee.com/ <p>@Adira: That's what I was thinking...there's no great incentive to signing up early (young) if your rates increase no matter what! </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952337 Thu, 20 Nov 2014 12:27:50 +0000 Adira 1952337@https://boards.hellobee.com/ <p>@FliegepilzHut: At least, that's how my insurance is. Maybe they are all different, but I'd definitely pick a policy that lets you lock in the rate! :D </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952327 Thu, 20 Nov 2014 12:25:39 +0000 FliegepilzHut 1952327@https://boards.hellobee.com/ <p>@Adira: Got it. Thanks! </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952326 Thu, 20 Nov 2014 12:25:08 +0000 Adira 1952326@https://boards.hellobee.com/ <p>@FliegepilzHut: You lock in the rate for the length of the policy. So my policy is 10 years and I'll be paying the same amount the entire time. That's why it's good to get a longer term if possible because after mine expires, if I want to get more life insurance, it WILL be more expensive because I'll be older and not as healthy! </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952316 Thu, 20 Nov 2014 12:21:45 +0000 Mrs. Lion 1952316@https://boards.hellobee.com/ <p>@regberadaisy: by that point we should have plenty of money to cover funeral expenses out of our estate. We wont need insurance for that. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952309 Thu, 20 Nov 2014 12:18:33 +0000 regberadaisy 1952309@https://boards.hellobee.com/ <p>@LindsayInNY: who is it with? </p> <p>@FliegepilzHut: I don't know for sure but I think not. I'd gotta imagine life insurance for a 30 year old will be cheaper than for a 50. Not to mention health wise so many things can change. </p> <p>@Mrs. Lion: I would personally still have a little something to cover funeral, burial, etc. That gets *really* expensive and I would hate for that cost to fall on others. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952171 Thu, 20 Nov 2014 11:30:35 +0000 Mrs. Lion 1952171@https://boards.hellobee.com/ <p>@regberadaisy: ours are both 20 year policies. By that point our home will be paid for and our kids will be in college so most likely there will be no need to have life insurance any longer. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952145 Thu, 20 Nov 2014 11:21:49 +0000 FliegepilzHut 1952145@https://boards.hellobee.com/ <p>Do you ladies know...can you usually lock in term rates? Or do they increase as you age (every 5 years or so)? </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952142 Thu, 20 Nov 2014 11:21:40 +0000 Adira 1952142@https://boards.hellobee.com/ <p>I think mine is only 10 years because I couldn't afford a longer one (I have a pre-existing condition that made it more expensive). </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952138 Thu, 20 Nov 2014 11:20:36 +0000 LindsayInNY 1952138@https://boards.hellobee.com/ <p>We have two term policies - 15 year and 30 year, with the option to convert one to whole when the term is up. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952127 Thu, 20 Nov 2014 11:16:49 +0000 mrsjyw 1952127@https://boards.hellobee.com/ <p>Our term policies are 20, to cover the span of our mortgages and an additional 5 or 10 years. We'll be in our 40s when they lapse. </p> https://boards.hellobee.com/topic/if-you-have-term-life-insurance#post-1952116 Thu, 20 Nov 2014 11:11:29 +0000 regberadaisy 1952116@https://boards.hellobee.com/ <p>How many years is your policy for? How old will you be when it's time to renew? </p>