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Onemoretime
LIF Adult
Member since 9/12 1077 total posts
Name:
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Question for SAHM or PTWM
Do you have an outside life insurance pol? What type policy do you have (term or whole life)
Thanks!
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Posted 1/11/13 2:49 PM  |
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JJN4
LIF Adult
Member since 5/09 1109 total posts
Name:
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Re: Question for SAHM or PTWM
I do, and it's term ($500,000).
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| Posted 1/11/13 4:16 PM |
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A3CM
Avatar Title
Member since 9/08 3762 total posts
Name:
Mommy
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Question for SAHM or PTWM
what is an outside life ins policy?? i have a term life ins pol. is that the same? mine is for $500K
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| Posted 1/11/13 5:12 PM |
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BeachGrl
LIF Adult
Member since 10/11 2140 total posts
Name:
Kristy
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Re: Question for SAHM or PTWM
Posted by JJN4
I do, and it's term ($500,000).
This
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| Posted 1/11/13 5:14 PM |
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bella321
Blessed!
Member since 3/09 1952 total posts
Name:
Kristy
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Re: Question for SAHM or PTWM
Mine is 1 mil (that is, if something happens to me, this is what DH would collect).
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| Posted 1/11/13 6:53 PM |
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BeachGrl
LIF Adult
Member since 10/11 2140 total posts
Name:
Kristy
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Re: Question for SAHM or PTWM
Posted by BeachGrl
Posted by JJN4
I do, and it's term ($500,000).
This
ETA DH has a million(if something happens to him I collect a million, if something happens to me he collects 500k). Both are term
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| Posted 1/11/13 6:59 PM |
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Onemoretime
LIF Adult
Member since 9/12 1077 total posts
Name:
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Re: Question for SAHM or PTWM
Posted by A3CM
what is an outside life ins policy?? i have a term life ins pol. is that the same? mine is for $500K
Sorry I meant outside of work
Thanks everyone, I need to start looking into this
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| Posted 1/11/13 7:52 PM |
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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
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Re: Question for SAHM or PTWM
Yes, term policy for $1m
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| Posted 1/11/13 8:22 PM |
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melbalalala
Little Lady
Member since 5/07 5015 total posts
Name:
Melissa
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Re: Question for SAHM or PTWM
Posted by babymakes3
Yes, term policy for $1m
Ditto. I'm a PTWM.
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| Posted 1/11/13 8:52 PM |
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JsWife
His laugh, Her smile
Member since 12/06 2902 total posts
Name:
Patricia
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Re: Question for SAHM or PTWM
PTWM $1.5 mil term policy
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| Posted 1/11/13 9:57 PM |
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PrettyPeonies
GAW my baby boy <3
Member since 8/10 3874 total posts
Name:
Pino
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Question for SAHM or PTWM
I'm a new SHAM, how do I go about getting a policy?
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| Posted 1/12/13 8:58 AM |
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maybeamommy
Blessed beyond belief
Member since 10/07 17048 total posts
Name:
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Re: Question for SAHM or PTWM
I'm a FTWM and have an outside life insurance policy. My husband and I both got one when we were pregnant with our first. It's like 350000 and we pay under $35/month.
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| Posted 1/12/13 11:33 AM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: Question for SAHM or PTWM
SAHM now, and I do, but I got it while I was working. It's 500K and is a 30 year term policy.
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| Posted 1/12/13 2:32 PM |
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tomcat
LIF Adult Cat
Member since 6/12 1308 total posts
Name:
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Question for SAHM or PTWM
term 250k
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| Posted 1/12/13 4:05 PM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: Question for SAHM or PTWM
DH and I both have TERM LIfe with ING Reliastar. I believe its 500,000.
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| Posted 1/12/13 7:41 PM |
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DeniseMarie
<3
Member since 8/07 10682 total posts
Name:
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Re: Question for SAHM or PTWM
I want to have one , but because of my blood diorder our monthly payment would be too high. We haven't gotten anymore quotes in about 2 years, but my blood disorder has gotten worse so I doubt it would be cheaper
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| Posted 1/13/13 7:51 AM |
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Momma2Be
Mommy of an angel
Member since 10/09 5911 total posts
Name:
Dina
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Re: Question for SAHM or PTWM
Posted by JJN4
I do, and it's term ($500,000).
Same here, with Northwestern Mutual. I'm a SAHM.
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| Posted 1/13/13 8:28 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Question for SAHM or PTWM
Not yet but later this year we're going to get a Universal Life policy for me. We got a UL policy for DH just a few months ago to ensure we had enough coverage aside from what he gets from his company. We'll get a smaller policy for me this year in case god forbid something ever happens, DH will have some extra money to make sure the kids have day care and anything else necessary.
We liked the UL policy because it builds a cash reserve, earns about 6% interest, and you're able to take out the money from that savings whenever you want. It ends up only being a few hundred dollars a year for a $500K policy when you take into account the savings portion of it. The premiums never go up and the amount of insurance coverage never goes down. It was recommended to us by our financial advisor over a term policy. 
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| Posted 1/13/13 10:07 AM |
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