whole life insurance state farm
State Farm Life Insurance … 30 years? All life? Select term? Universal?
What insurance should I get? I'm in my late 20's and I would make sure that if something were to happen to me that my husband and child gets enough to continue to stay on his feet. The 30-year is affordable, but the life expectancy of my great-grandparents, grandparents and parents across the board is at least 65 years. I'm as healthy as an ox now, but I know that diabetes, hypertension and high cholesterol in my family. I am very active so I have no symptoms of any disease related to heart disease. It is a fear I've had since I was a child and is the main reason to stay active. That said, what should I get? I have 2 cars and condominiums through insurance State Farm so I get something like 17% of my car insurance. I'm struggling to figure out that the policy of choice. I need a little understanding. I bought a 30 when I was about 20 or 21, and I want to buy another policy.
The only insurance that makes sense for someone in his position is long term life. Insurance only sense for people who needed income, or their services. (Spouse of work still does not address the home and children). Life insurance is an investment vehicle poor. Take the difference of what is going to spend a whole life or universal policy of life insurance and invest in a decent mutual fund with a good record. At the end of term 30 years, you must be "self insured" that will have a lot of money must be more than the death benefit would have been. Sure to revise the rates of at least 4 different insurers. Things very competitive right now.
