What kind of life insurance should my husband get?
We are looking to get a life insurance policy for my 25 year old husband. We have three young children so we're trying to figure out what would best provide for the family if God forbid something were to happen to him.
Public Comments
- 5 mil double indemnity policy
- If it will not be a financial strain with the premium and he is the only provider of income to your family I would take out the maximum amount allowed. Especially since you have 3 small children.
- 20-30 year term for as much as he qualifies for and as much as he can afford.
- Get several quotes from insurance companies. He will ask and tell you what is best for you. Get it now while he's young because it will be much more affordable.
- Get 30 year term life. My husband only has $500 thousand and I think that's fine, but he thinks he needs more like $750 thousand to 1 million. I think he figures that because I stay home and he would want that to continue even if he passes away, but I figure at that point I would have to find a job at least for sanity purposes.
- Try this site where you can compare quotes from different companies in your area http://best-life-insurance-usa.info/ Hope this help,
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