Mar-24-2018 08:05 AM
Mar-29-2018 04:38 AM
Mar-27-2018 02:51 PM
1968mooney wrote:Gdetrailer wrote:boston blacky wrote:
Now I'm sorry I asked. Have a good day. BB
Sorry that you feel this way, just seems to be pretty odd when someone at age 70 or above is wanting to buy life insurance. You should be well past the stage of needing it..
Yeah, not having a "life ring" may sound odd, but in reality if you have no debt, there is no need to pay for life insurance.
The idea of life insurance is to cover your spouse/family when you have outstanding loans/debt at the time of your death..
It should not be treated as a "savings account" or as a way to bolster your estate for your loved ones at the time of your death.. Just costs too much money to do that over time..
Yeah, folks do, but in reality, the insurance co WILL make more money than what they will ever pay out..
So you think the Co. will always come out ahead. Do you not realize people die from events other than old age. I sold Life Ins. for 21 yrs. We sold a policy once to a man. Premium was $15.00 for a $100,000 policy. He was killed 3 weeks after purchasing the policy so our Co. paid the $100,000. The reason for such high premiums at 70 yrs.old is the odds are aganist the Co. of making money.
Mar-26-2018 05:55 PM
Gdetrailer wrote:boston blacky wrote:
Now I'm sorry I asked. Have a good day. BB
Sorry that you feel this way, just seems to be pretty odd when someone at age 70 or above is wanting to buy life insurance. You should be well past the stage of needing it..
Yeah, not having a "life ring" may sound odd, but in reality if you have no debt, there is no need to pay for life insurance.
The idea of life insurance is to cover your spouse/family when you have outstanding loans/debt at the time of your death..
It should not be treated as a "savings account" or as a way to bolster your estate for your loved ones at the time of your death.. Just costs too much money to do that over time..
Yeah, folks do, but in reality, the insurance co WILL make more money than what they will ever pay out..
Mar-26-2018 04:43 PM
boston blacky wrote:
Now I'm sorry I asked. Have a good day. BB
Mar-26-2018 04:34 PM
troubledwaters wrote:1968mooney wrote:I buy life insurance to ensure that my family will still be able to pay the bills, house and feed themselves if something unexpected should to happen to me. Others may be wealthy and not have to worry about the unexpected. Still others may not care what happens to their family if something unexpected happens. No one size fits all answer.
Just remember, when you purchase Life Ins. you are betting you will die while the policy is inforce. The Ins. Co. is betting you will live.
I don't consider it as someone winning or losing, I consider it as risk assessment and avoidance (covering all bets).
Mar-26-2018 12:46 PM
Mar-26-2018 09:37 AM
Mar-26-2018 07:10 AM
boston blacky wrote:
Now I'm sorry I asked. Have a good day. BB
Mar-26-2018 06:38 AM
1968mooney wrote:
Just remember, when you purchase Life Ins. you are betting you will die while the policy is inforce. The Ins. Co. is betting you will live.
Mar-26-2018 06:15 AM
1968mooney wrote:I buy life insurance to ensure that my family will still be able to pay the bills, house and feed themselves if something unexpected should to happen to me. Others may be wealthy and not have to worry about the unexpected. Still others may not care what happens to their family if something unexpected happens. No one size fits all answer.
Just remember, when you purchase Life Ins. you are betting you will die while the policy is inforce. The Ins. Co. is betting you will live.
Mar-26-2018 05:42 AM
Mar-25-2018 12:01 PM
Mar-25-2018 08:59 AM
Mar-25-2018 08:03 AM
Seon wrote:THIS IS JUST TOO FUNNY!
My term life insurance expires in 1-1/2yrs from now. I rolled the dice and hope to win that I'll still be alive, if not then the wife wins :B.