Term Life Insurance

[james.hendrickson]

It's worth looking into what rate you can get online vs. your current insurance agent or another local agent, but others bring up a good point - what's more worth it to you? Fielding calls from an agent you have a relationship with or managing emails/customer service reps with an online agency.

This also sounds like an insurance ad.

[myrdale]

Mine is through a local agent, the same who I originally had my auto insurance and home owners insurance through before they ticked me off.

The policy is for a 30 year term at $100,000 and is $178 per year. I am about half way through the term.

Even though I am not married and don't have children at the moment, I purchased the policy so my parents could pay my house off in the event of my death, then sell it. At the point the mortgage was paid, that reasoning went away and now it's just a bonus for my mother if I die. I think I will be 55 or so when the policy ends. Considering my father died at 62 and his at 65, I don't expect it will pay out, save an accident.

If you had a whole life policy there would be a lot more math to determine if you should switch to a different policy or not. For term insurance it should be really easy. Be aware the rates for a new policy are going to increase the older you get, the longer the term is for, and the more insurance you purchase.

Personally I like dealing with a local branch, but online policies are giving them a run for their money I am sure.

[Bozzdivine]

This sounds like an insurance ad.

I was just stating facts... I'll try to change my manner if it looks too unnatural