Quote:
Originally Posted by glock35ipsc
I'm curious what your coverage amounts are for $500 a month. My wife and I each have $400k of term coverage, and we pay $80.50 a month for both.
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OOPS! Typo. I fixed. (Glad you pointed that out).
My point was we pay $500 per year! Vs. $10k per year or so. Makes quite a difference... Term is so much more affordable because benefits are only paid out upon death.
We pay $500 a year for $1 mil coverage (locked in our term insurance in our 20s - 'tis quite cheap to get life insurance in your 20s).
$500/month? Yeah - that would be a whole life insurance quote.