by Guest » Thu Nov 10, 2011 12:11 pm
I have a DI policy that I purchased as a resident. I currently have 5K worth of monthly benefits. I now have the ability to exercise future increase options up to about 15k per month. I don't think I need the maximum coverage, since I have some savings, few financial obligations at this point, like kids or house.
But in the future, I do expect to have kids and a house. Do you think it is prudent to exercise an increase now and look in rates for my age? or should I wait until a later point and thus pay the higher premiums later? Please share your expert opinion.
But in the future, I do expect to have kids and a house. Do you think it is prudent to exercise an increase now and look in rates for my age? or should I wait until a later point and thus pay the higher premiums later? Please share your expert opinion.
Posted: Fri Nov 11, 2011 12:54 pm Post Subject:
you should increase the coverage now, than later because it'll cost you more in the future. so it's best to buy early.
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