I need life insurance.....what should I do?

by DRJDunamis » Wed Nov 04, 2009 07:07 pm

I am a 55 year old man with no life insurance. I have no health issues. I would not like to pay much per month.

Total Comments: 4

Posted: Thu Nov 05, 2009 03:22 am Post Subject:

Go with term life insurance. Affordable and better coverage. Stay away from whole life policies.

Posted: Thu Nov 05, 2009 03:47 am Post Subject:

Is it possible to get more than 1 insurance per person?

Posted: Thu Nov 05, 2009 04:57 pm Post Subject:

More than one "insurance" per person huh? If, by "insurance" you mean life insurance policy, then yes, you can have as many as you want.

Posted: Thu Nov 05, 2009 04:59 pm Post Subject:

Trench, that's a pretty bold assertion based on the information provided. Whole life might be the best possible policy for this poster.
Depending on his needs.
No one wants to pay much per month, but "much" is highly subjective.
BTW, what is "better" about term coverage as opposed to WL?

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