TexasRachel Posted August 6, 2012 Share Posted August 6, 2012 My dad died last week and I'm watching my mom try to figure out how she's going to live on next to no money. My dad didn't "believe" in life insurance even though he had debt. :glare: I have a small plan through dh's work, but we need more for me to support the kids if I die. So what companies do you recommend? Quote Link to comment Share on other sites More sharing options...
justasque Posted August 6, 2012 Share Posted August 6, 2012 You might want to see if you can buy in at a higher level to the plan that you already have. Talk to the HR/Benefits person. Quote Link to comment Share on other sites More sharing options...
NorthwestMom Posted August 6, 2012 Share Posted August 6, 2012 I's get some quotes from whomever you have auto/home insurance from, and then do some internet quotes as well. We have State Farm as well as GLIC policies. Good luck! Quote Link to comment Share on other sites More sharing options...
Just Kate Posted August 6, 2012 Share Posted August 6, 2012 You might want to see if you can buy in at a higher level to the plan that you already have. Talk to the HR/Benefits person. While it is great to have a life insurance policy at work, you really need to have something outside of work too (what if you were fired??? no insurance!). If you are a fan of Dave Ramsey, he recommends http://www.zanderinsurance.com. I know nothing about them, other than it is an independent agency that can provide you with quotes from many different insurance companies. Or just google life insurance quote and I am sure that you can find many places to get quotes. Good luck! Quote Link to comment Share on other sites More sharing options...
Sparkle Posted August 6, 2012 Share Posted August 6, 2012 We have New York Life Insurance. I'd check out State Farm too. Quote Link to comment Share on other sites More sharing options...
One Day At A Time Posted August 6, 2012 Share Posted August 6, 2012 My husband is self-employed, and I only work a few hours a week (part time as contract labor, so no employer), so we have to maintain insurance for ourselves. We've had life insurance policies from Lincoln Benefit Life for several years. Quote Link to comment Share on other sites More sharing options...
CyndiLJ Posted August 6, 2012 Share Posted August 6, 2012 I used to be an insurance agent in my pre-kid life. I would absolutely 100% never rely solely on a work related life insurance policy. Everyone with children to support should always have a "portable" policy not tied to their employer, which will remain in force for as long as you continue to pay premiums...not only for as long as you are employed by any particular employer. You never know when a medical condition would come along and make you uninsurable, and should you change employers and find you are working someplace that doesn't offer it as a benefit, you are then stuck with no insurance. I also wouldn't go for a whole life policy, go for a term life policy and get a 20 year term for as much coverage as you can afford. Maybe get a smaller universal life policy that is mainly to provide for YOU (not your kids) should your spouse die after the 20 year term policy expires, but you don't have the kind of debt load or responsibilities as you do when you have young kids at home. The combination of the two types of policies allows you to cover for a couple different kinds of contingencies, and obtain coverage while you aer presumably younger and easily insurable. The term policy allows maximum coverage amount for the smallest possible monthly premium, but it ends at the end of the term. The universal life (although often marketed as an investment type of policy) will provide a lower level of coverage that continues beyond the term policy limit so you are personally protected still. Cindy Quote Link to comment Share on other sites More sharing options...
acurtis75 Posted August 6, 2012 Share Posted August 6, 2012 I'm very sorry to hear about your dad. I'm in Texas and that is the business dh is in. If you pm me I would be happy to get you some information because there are rules about providing information in a public forum that it viewable by other states. Quote Link to comment Share on other sites More sharing options...
Susan C. Posted August 6, 2012 Share Posted August 6, 2012 We got a nice term plan and used Select Quote. We always carry more than what work offers, and like that it is ours so if the job goes away, then we still have it. Quote Link to comment Share on other sites More sharing options...
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