Should I get private term life insurance?
Should I get private term life insurance?
I'm 39 and have life insurance through my employer. I could probably obtain private life insurance for the same rate.
Is it wise to get non-employer term life insurance now (before I'm 40)?
I may not stick with my current employer for another ten or twenty years, but I'll probably be here for a few years. Is there any downside to waiting to obtain term life insurance elsewhere?
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One Response
2.1.2010
It is a good idea to think about this now. And, yes you should get term life insurance because your employer's insurance is usually not transportable. Meaning you can't take it with you.Why do you want insurance? What do you expect it to do for you? Do you really need it?If you are single, you may not need it, or you may need quite a bit less than you think. Married, homeowners with kids- now you NEED it. Especially, if you do not have enough in liquid assets to cover needs for the next ten to fifteen years.Look to companies who only use Level term insurance with no conversion policy, one policy to cover an entire household, and a policy that covers both existing children and future children for the same single premium. Be sure they will also complete a complimentary financial outlook survey for you, to be sure of you needs.Try this site to find the best life insurancehttp://best-life-insurance-usa.blogspot.com/Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.