People actually have whole life insurance?
A family member is our insurance agent so this isn't just about prices.
We are overpaying for our insurance policies. We have three vehicles, three properties, and 5 life insurance polices (2 whole, 2 term, and one for the kid) in total for my family. On top of that our annual "membership fee" went up. Apparently they only sell policies to "members" and if I refuse to pay they they will cancel my policies. I feel this is a complete scam and let them know this. Because a family member is our agent, how would I go about this conversation?
And yes, you're future comments of "get divorced" or "you're screwed" are hilarious.
My uncle sells time machines, I'll give him a call.Sorry, but you are going to have to build a time machine and then remember to never, ever do any kind of important, longer term business with a relative. I have an uncle that I love to death that is almost certainly a fantastic insurance and investment guy, but I've always avoided tangling things up in that.
We are overpaying for our insurance policies. We have three vehicles, three properties, and 5 life insurance polices (2 whole, 2 term, and one for the kid) in total for my family.
My uncle used to run a Dairy Queen. I had no trouble doing business with him.My uncle sells time machines, I'll give him a call.
I am not sure they can cancel a life insurance policy because of deciding you no longer want to be a member. They can probably do that to your home and auto policies. Is it Farm Bureau? Also there is plenty of reasons to buy whole term or life insurance on a child. It comes down to what you belive in, what you feel comfortable with and how much you can afford and are willing to pay. Term insurance is not always the best or only option.
Why buy insurance on the child?
Funeral/burial services are expensive. Generally, life insurance for children is at a fairly low level (maybe $10k) and is quite cheap. That money can also help out with medical costs.
Funeral/burial services are expensive. Generally, life insurance for children is at a fairly low level (maybe $10k) and is quite cheap. That money can also help out with medical costs.
Funeral/burial services are expensive. Generally, life insurance for children is at a fairly low level (maybe $10k) and is quite cheap. That money can also help out with medical costs.
This. I pay 92 cents a month for $10k on my son.