Avoid gofundme: Get a freaking Term insurance..

[pavone]

Avoid gofundme by getting term protection. Sad that people pay $100/month for car insurance but not for their life. 

For all people with kids, dependents and liabilities, get a term insurance.

Things to look for, as cheapest is not always the best,

• carrier rating/comdex score
• max. living benefits
• good conversion option to perm

My recommendations in this order (based on low cost and features/benefits)

• AIG qol flex term
• North American term
• NLG/LSW

You dont own the insurance benefit from your full time job,

• no living benefits
• it is not sufficient/enough coverage
• no more coverage when you quit, retired-early, start a business, go contracting etc. Insurance will be very costly (even not eligible in some cases) if they develop medical issues.

Get it when you dont need it because you will not be able to when you need it.

 

Sample rates: assumed NJ, 37 male, non-tobacco, 1M coverage

for 30yrs term,

• Preferred Plus Non-Tobacco- $75/month 
• Preferred Non-Tobacco- $90/month 
• Standard Plus Non-Tobacco- $116/month 

for 35yrs term,

• Preferred Plus Non-Tobacco- $94/month 
• Preferred Non-Tobacco- $112/month 
• Standard Plus Non-Tobacco- $147/month

[Vaaaampire]

Most of the companies offer 1-2X base pay as insurance and you can increase it to multiple X by paying $50 per month. Opt it if ur company has it

[Sanjiv]

Avoid gofundme…?

Even if they do have insurance, why would anyone say no to free money? Minimum half a million free money right?

[JANASENA]

I have a question:

US lo Insurance policy oka 20 yrs ki 1M policy teesukuni premium throught the term kattane anuko, so after 20 yrs will I get my premium money or insurance money back or nothing?

[ilakatamaflia]

No bro, u wont  tat is what i was told when i was looking for plans…. U will get money, when there are unfortunate situatuons , but i have reached only limited insuranc calls! DB peddal cheppali .. wait for them

[pavone]

2 minutes ago, JANASENA said:

I have a question:

US lo Insurance policy oka 20 yrs ki 1M policy teesukuni premium throught the term kattane anuko, so after 20 yrs will I get my premium money or insurance money back or nothing?

nothing unless it is a Return of Premium term for which the premium will be 2X to 3X. Unfortunately, there is no free lunch. You can leverage IUL or whole life as they have cash component in them that can grow. But term is required to cover immediate liabilities.

[pavone]

11 minutes ago, Vaaaampire said:

Most of the companies offer 1-2X base pay as insurance and you can increase it to multiple X by paying $50 per month. Opt it if ur company has it

good point, addressed that in the post. Thanks!

[pavone]

12 minutes ago, Sanjiv said:

Avoid gofundme…

Even if they do have insurance, why would anyone say no to free money? Minimum half a million free money right?

It comes down to needs vs greed at that time. And we dont have that info in the gofundme page. Unfortunately, we cannot stop bad actors everywhere.

[Peruthopaniemundhi]

35 minutes ago, pavone said:

Avoid gofundme by getting term protection. Sad that people pay $100/month for car insurance and not for their life. 

For all people with kids, dependents and liabilities, get a term insurance.

Things to look for, as cheapest is not always the best,

• carrier rating/comdex score
• max. living benefits
• good coversion option to perm

My recommendations in this order (based on low cost and features/benefits)

• AIG qol flex term
• North American term
• NLG/LSW

You dont own the insurance benefit from your full time job,

• no living benefits
• it is not sufficient/enough coverage
• no more coverage when retired-early, start a business, go contracting etc. Insurance will be very costly (even not eligible in some cases) if they develop medical issues.

Get it when you dont need it because you will not be able to when you need it.

 

Bayya for some one with decent health, in late 30’s, coverage for 30 years, with 1M insurance ki entha premium untundhi per month? 

[pavone]

5 minutes ago, Peruthopaniemundhi said:

Bayya for some one with decent health, in late 30’s, coverage for 30 years, with 1M insurance ki entha premium untundhi per month? 

which state?

[ANNA_PLEASE_PETTU]

42 minutes ago, pavone said:

Avoid gofundme by getting term protection. Sad that people pay $100/month for car insurance and not for their life. 

For all people with kids, dependents and liabilities, get a term insurance.

Things to look for, as cheapest is not always the best,

• carrier rating/comdex score
• max. living benefits
• good coversion option to perm

My recommendations in this order (based on low cost and features/benefits)

• AIG qol flex term
• North American term
• NLG/LSW

You dont own the insurance benefit from your full time job,

• no living benefits
• it is not sufficient/enough coverage
• no more coverage when retired-early, start a business, go contracting etc. Insurance will be very costly (even not eligible in some cases) if they develop medical issues.

Get it when you dont need it because you will not be able to when you need it.

 

Bro lot.of.people have health problems they won't get insurance common health diseases like high cholesterol or high blood pressure or diabetes. Companies will check you before offer coverage and you never get it..don't spread false hope that it cost 50$ 100$ ..

If you fall in above category you get insurance but need to pay 1000$ to 2000$ a month.

[pavone]

1 minute ago, ANNA_PLEASE_PETTU said:

Bro lot.of.people have health problems they won't get insurance common health diseases like high cholesterol or high blood pressure or diabetes. Companies will check you before offer coverage and you never get it..don't spread false hope that it cost 50$ 100$ ..

If you fall in above category you get insurance but need to pay 1000$ to 2000$ a month.

wrong. I have a client who is 38yrs old with type2 diabetes. Paying $150/month for 1 million coverage and 35yr term.

[Thokkalee]

47 minutes ago, Vaaaampire said:

Most of the companies offer 1-2X base pay as insurance and you can increase it to multiple X by paying $50 per month. Opt it if ur company has it

If you lose your job, that benefit is gone.. it is always better to take term insurance on top of the employer provided insurance… 

[pavone]

13 minutes ago, Peruthopaniemundhi said:

Bayya for some one with decent health, in late 30’s, coverage for 30 years, with 1M insurance ki entha premium untundhi per month? 

assumed NJ, 37 male, non-tobacco

for 30yrs term,

• Preferred Plus Non-Tobacco- $75/month 
• Preferred Non-Tobacco- $90/month 
• Standard Plus Non-Tobacco- $116/month 

for 35yrs term,

• Preferred Plus Non-Tobacco- $94/month 
• Preferred Non-Tobacco- $112/month 
• Standard Plus Non-Tobacco- $147/month 

 

 

[shaktimaan]

31 minutes ago, Peruthopaniemundhi said:

Bayya for some one with decent health, in late 30’s, coverage for 30 years, with 1M insurance ki entha premium untundhi per month? 

Costco lo chudu, it's one of the best in the market. It costs me $380/yr for a 1M term insurance