Manc

if you have bugger all to put into trust, why would you make one out?

TruBrit

sorry you fainted...better get that checked out eh? yeah we just upped our insurance and dracula came by a couple of mths ago and collected some blood and a wee sample.....

Manc

Instead of having to go through that, you can get an endorsement called GIO (guaranteed insurability option) that will allow you to up your life coverage by a set amount every 4 years without having to proove you're still healthy.

Neathborn

Hi, Partystar, we have the same insurance company and both hubby and I had urine and blood tests too. Hubby's insurance came out higher because of his cholesterol level.

Ray

I saw this on "House" I think she wrinkled up, her boobs sagged
to her waist...and her leg fell off three weeks later ...

Dan725

I know everyone is different, but what would you say is a reasonable amount of coverage Manc? Currently, I have enough to pay off the house, and provide to put little'un through college. Its a 30 year level term plan.

What I sometimes wonder about, though, is inflation - while the mortgage amount won't go up, college fees will.

Wife has very good earning capacity too, and we live well below our means, i.e we could manage on one salary, so if something should happen to one of us financially wise we wouldn't lose our shirt. One and only debt is the mortgage, 50% of which is paid for.

Is there any sort of "rule of thumb" amount for this kind of situation?

Manc

The thing is, I was being a smartarse, You don't have to get the death benefit in a lump sum. You can annuatize it and spread it out.

or sell the house and get a smaller one, bank the remaining monies.

I was just in salesman mode.

You should in theory have 3 times your income at least.

MightBe

The Lord will provide.

paddingtongreen

But, "The Lord giveth and the Lord taketh away."

Partystar

Oh they do cholesterol checks? Hmmm, I guess that's why she asked us what we last ate. I think my little fainting episode was not helped by the fact that all I had eaten in the last 24 hours, was a cookie & a muffin, I'm very bad at eating, I forget all the time, although you wouldn't think it to look at me!

PS - I love USAA!

Ray

I enjoy a bit of Muff in .....

Partystar

I bet you do!

Celsius

... and Jesus saves?

Partystar

...10% of his income if he listens to financial advisors!