|
|
Joined: Jan 2020
Posts: 5,175
Campfire Tracker
|
OP
Campfire Tracker
Joined: Jan 2020
Posts: 5,175 |
Just curious how many people have life insurance? I had life insurance when I carried debt. My thinking was if something happened to me my wife and kids wouldn't be strapped or loose what they had.
Life is good live it while you can.
|
|
|
|
|
Joined: Sep 2021
Posts: 3,057
Campfire Tracker
|
|
Campfire Tracker
Joined: Sep 2021
Posts: 3,057 |
I don't have a big policy on myself, but it's enough to toast me and pay off all my debts, plus a bit extra.
|
|
|
|
|
Joined: Jul 2015
Posts: 14,729 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2015
Posts: 14,729 Likes: 2 |
Politics is War by Other Means
|
|
|
|
|
Joined: Jan 2008
Posts: 15,757 Likes: 1
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2008
Posts: 15,757 Likes: 1 |
Yep wife and I have 500k each to pay everything off and set the other on a good course for retirement even without the second income
|
|
|
|
|
Joined: Feb 2010
Posts: 16,102 Likes: 2
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2010
Posts: 16,102 Likes: 2 |
Wife and I bought 30 year term when we started having kids. Don’t really need it now, but it’ll expire in a few years. I’ll continue to pay the premiums til then. It’s very inexpensive.
|
|
|
|
|
Joined: Jun 2020
Posts: 10,181 Likes: 5
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jun 2020
Posts: 10,181 Likes: 5 |
I have a policy offered through my employer for 8x my annual income. It’s cheap and doesn’t require any health questions or a physical.
Last edited by TheLastLemming76; 01/24/23.
|
|
|
|
|
Joined: Feb 2003
Posts: 10,392 Likes: 4
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2003
Posts: 10,392 Likes: 4 |
Listening to a life insurance salesman start his sales job is like listening to a non synchronous transmission shifting.
One of them took a blood draw from me.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
|
|
|
|
|
Joined: Feb 2007
Posts: 11,786
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2007
Posts: 11,786 |
Nope, have none.
Had company provided when I was employed.
Retired and don’t need it.
NRA Patron
|
|
|
|
|
Joined: Nov 2002
Posts: 33,750 Likes: 6
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Nov 2002
Posts: 33,750 Likes: 6 |
Nope, have none.
Had company provided when I was employed.
Retired and don’t need it. Same here.
Conduct is the best proof of character.
|
|
|
|
|
Joined: Jan 2012
Posts: 26,538 Likes: 3
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,538 Likes: 3 |
Have just enough to pay off debt and bbq me.
FJB & FJT
|
|
|
|
|
Joined: Feb 2004
Posts: 6,036
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2004
Posts: 6,036 |
Wife and I bought 30 year term when we started having kids. Don’t really need it now, but it’ll expire in a few years. I’ll continue to pay the premiums til then. It’s very inexpensive. same in my house...
|
|
|
|
|
Joined: Aug 2017
Posts: 9,087 Likes: 5
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2017
Posts: 9,087 Likes: 5 |
Had some key-man term life insurance from company that I've transfered to myself now. When the 10 year term runs out, I won't re-up.
|
|
|
|
|
Joined: Jan 2007
Posts: 4,304 Likes: 2
Campfire Tracker
|
|
Campfire Tracker
Joined: Jan 2007
Posts: 4,304 Likes: 2 |
Have over a million through work and another personal whole life for 500k
CK
|
|
|
|
|
Joined: May 2010
Posts: 9,477 Likes: 3
Campfire Outfitter
|
|
Campfire Outfitter
Joined: May 2010
Posts: 9,477 Likes: 3 |
I am single with no kids and everything I own is paid off so there was no sense for me to have any.
I am always looking for factory wood stocks!
|
|
|
|
|
Joined: Jan 2006
Posts: 5,683 Likes: 4
Campfire Tracker
|
|
Campfire Tracker
Joined: Jan 2006
Posts: 5,683 Likes: 4 |
None on either of us. Saved a small fortune over the years doing without.
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
|
|
|
|
|
Joined: Aug 2006
Posts: 12,580
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2006
Posts: 12,580 |
Term life until I'm 60. Don't need it after that. Pretty much won't need it in one year when the house is paid off.
We also have some variable universal thing, but that's for tax reasons, it's a crappy "investment" but my wife's a CPA and apparently there's a reason we'll need it as we bridge from retirement until collecting SS or something.
|
|
|
|
|
Joined: Jan 2001
Posts: 29,897 Likes: 10
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2001
Posts: 29,897 Likes: 10 |
Had a different policy when working and we had a debt load. Wife is written out of my pension now which enhances our present income by about 35%. The difference is more than enough to fund a 1/2 mill policy if/when I buy the farm. That and other savings should see her through.
1Minute
|
|
|
|
|
Joined: Jul 2015
Posts: 14,729 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2015
Posts: 14,729 Likes: 2 |
Had a different policy when working and we had a debt load. Wife is written out of my pension now which enhances our present income by about 35%. The difference is more than enough to fund a 1/2 mill policy if/when I buy the farm. That and other savings should see her through. Wow! THAT was savvy!
Politics is War by Other Means
|
|
|
|
|
Joined: Apr 2013
Posts: 384
Campfire Member
|
Campfire Member
Joined: Apr 2013
Posts: 384 |
If you have debt and/or family obligations you should have some. I have bought several vehicles with mine.
|
|
|
|
|
Joined: Apr 2013
Posts: 384
Campfire Member
|
|
Campfire Member
Joined: Apr 2013
Posts: 384 |
One of my old coaches did the same thing, except he didn't buy insurance. Retired and died within a year leaving his wife destitute. Nice lady. Sad situation.
|
|
|
|
|
316 members (10gaugemag, 257_X_50, 17CalFan, 17Fan, 1beaver_shooter, 1936M71, 33 invisible),
2,120
guests, and
1,079
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,192,744
Posts18,495,162
Members73,977
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
