Life Insurance Help
 

Turning the big 4-0 in a few weeks and divorce agreement says I gotta have 100K coverage.
I am a healthy non-smoker :smokin:
What should I expect to being paying and what company do you guys reccomend?

Thanx,

Spin

whole life or term?

The only answer for a Massachusetts resident is Savings Bank Life in Woburn.

term

whole life is like a savings account where you can cash part of it out if you want. term is just that, you pay one rate per year for a specified term.

I have both.

sbl out of worcester

spinn...make sure you have a will also...insurance doesn't do any good tied up in probate...

Thanx Salty and all for the advice. Gonna get a quote from SBLI on the insurance and look into the will thing...

spin

How long do you have to carry it? At age 40 you probably want 20 or 25 year level term. I'm 40 and I carry $1.5 million through SBLI, I'm pretty sure it's less than $1000 per year.

$100K will be like $150 per year.

http://www.sbli.com/