Just realized that now that I am not working I no longer have life insurance. Any recommendations of companies and term vs. whe and how much to get. Thanks.
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i think the general rule is get term life for the life of your mortgage so that your SO is covered if something were to happen in those years.
whole life insurance in any amount is always a
in my book!
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We did 30 year term (life of our mortgage plus a little since we bought the policies a couple years after we bought our house). We did enough to pay off the mortgage in full, and then cover LO's college tuition.
It will be very hard to make a rec for a specific company because your specific situation (location, age, etc) will determine which company can offer you the best rate. I would suggest finding an independant agent who can run you quotes from multiple companies.
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We are with State Farm. Very reasonable. We chose a 30 year term ... and we did 5 years salary (min) for each of us. And, I agree, any amount is awesome to have. I think with SF, they have small plans (maybe 250K) starting at $15/month.
in my book!
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3 comments