What happens to your loved ones if you die? Do you have enough money set aside to take care of the bills once your income is gone? Most insurance companies stop writing term life once a person reaches 60; however, he/she can still buy whole life insurance. The annual premium is higher than term but the insured can borrow against it. The longer he/she has it, the higher its value is. Even with fees and agent commissions taken out, the insured is giving his beneficiaries a savings investment program for when he is gone. Are you prepared?
on Jul 12th, 2009 at 11:34 pm
I should have gotten my life insurance when I was younger and thinner. Most companies won’;t touch me now so I pay through the nose for a tiny policy that won’t make a difference when I’m gone.
on Jul 12th, 2009 at 11:36 pm
Val,
You and time can chan ge that. You can do anything. I said so.
Your Mother
on Jul 26th, 2009 at 7:36 pm
Whenever you decide to do it, just do it! After helping my parents sort through their preparations & shopping around for life insurance for myself, I know it can be confusing & difficult, but it’s well worth the time it takes to learn about your options & sift through them to find the best policy for you & your family. Don’t let it intimidate you, just do it!
on Jul 26th, 2009 at 10:37 pm
Lucy,
Not quite–read everything first then again before you sign.
Pat.