Life Insurance Question?

I just got married and we need to get life insurance. How do we go about looking into this and can anyone suggest anything for us?

TIA Im clueless when it comes to this.

Re: Life Insurance Question?

I'm in the same boat.. just been lazy - this is the site that was recommended to me for term insurance. We plan on getting policies through here when we get around to it!

http://www.selectquote.com/home2/homepage.html

Re: Life Insurance Question?

Posted by PumpkinGirl

I'm in the same boat.. just been lazy - this is the site that was recommended to me for term insurance. We plan on getting policies through here when we get around to it!

http://www.selectquote.com/home2/homepage.html

Message edited 10/28/2008 11:51:03 AM.

Re: Life Insurance Question?

Term Life Insurance is good for a certain term of your life

DH and I just bought 30 year term for about $1000 a year.

If one of us dies in the next 30 years then the living person gets $1 million

year 31--screwed

Whole life insurance was too expensive for us

Re: Life Insurance Question?

term is generally super cheap. It covers you for the TERM selected.

whole life is more expensive, usually a lot more. As long as you keep paying your premiums it is there for your whole life. After a certian period of time you can borrow against the money you have in there. It earns interest.

ie whole life on DH could be $1000 a year for 1/2 million while term is $200 a year for the same 1/2 million.

Re: Life Insurance Question?

This link from bankrate explains the difference better than I ever could..

http://www.bankrate.com/brm/news/insur/20020917b.asp

Re: Life Insurance Question?

Thank you sooo much Ladies!! I really appreciate it!!! You're all sooo helpful!!!