SIGforum
Life Insurance Premiums

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/1900094944

November 11, 2018, 12:36 PM
P229 357SIG Man
Life Insurance Premiums
Do the premiums in the link below appear to be close to what one would expect to pay for a $250,000 term life insurance policy?

https://www.valuepenguin.com/a...-life-insurance#nogo


P226 9 mm
P229 .357 SIG
Glock 17
AR15 Spikes - Noveske - Daniel Defense Frankenbuild
November 11, 2018, 03:15 PM
chongosuerte
I go with a plan through work. I have $336,000 for $22/month. I am 35. That is in addition to life insurance of 2x my salary, provided by my employer.

If I die on the job, it’s a completely different can of worms.




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Although sometimes distracting, there is often a certain entertainment value to this easy standard.
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November 11, 2018, 05:24 PM
owenbright
As sort of a rough average, it seems ok.
If you look at the categories ("preferred plus", "preferred", "select", "standard"), the costs vary quite a bit based on where you fall.

Here's one that gives you an immediate estimate without requiring you to give up personal information - use a slightly different birthday if you'd like:
https://www.tiaa.org/public/pr...r-tools/quote-legacy
November 11, 2018, 07:06 PM
ryan81986
Looks about right to me.




November 11, 2018, 07:10 PM
Edmond
Looks pretty decent to me. I buy SGLI through the military, a $400,000 policy for $29/month. Told my wife to go buy her a new Ferrari if she ends up collecting on it. Big Grin


_____________

November 11, 2018, 08:09 PM
P229 357SIG Man
Thanks guys.


P226 9 mm
P229 .357 SIG
Glock 17
AR15 Spikes - Noveske - Daniel Defense Frankenbuild
November 11, 2018, 09:39 PM
armedprof
Most Life Insurance companies will have a Term calculator on their website and you can get a quote.

This is my area of expertise, NEVER count on employer sponsored life insurance. Your family's protection should not be a the whim of your HR department. Buy an individual policy, use your employee benefits to supplement your individually owned policy.





Do, Or do not. There is no try.
November 11, 2018, 10:25 PM
Outnumbered
If I may borrow this thread, can someone recommend say the top 5 most reputable companies to buy life insurance through? I'd prefer something simple, straightforward, maybe $100k-$250k coverage, without a lot of hoops to jump through i.e. every sort of blood test/physical/history known to man etc.
November 12, 2018, 12:47 AM
280nosler
No, that looks high.

I just went through this with AIG, got a 20 year term plan for $1MM, am between 40 and 45, and am paying $57.12/ month.
November 12, 2018, 12:50 AM
280nosler
quote:
Originally posted by Outnumbered:
If I may borrow this thread, can someone recommend say the top 5 most reputable companies to buy life insurance through? I'd prefer something simple, straightforward, maybe $100k-$250k coverage, without a lot of hoops to jump through i.e. every sort of blood test/physical/history known to man etc.


If you go through your insurance company (i.e. State Farm), most do not require blood work for policies under $150K. Also, if you find a local insurance broker, they typically do not require blood work for policies less that 15 years and $250,000 or less. At least that is what I found here in the Carolinas.