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Frugal term-life insurance???

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Larry

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Mar 28, 2008, 3:12:09 PM3/28/08
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It's been 5 years since I had a term-life insurance on my own. At that time
I was paying $400 per year.

I went to work for a company, and recently found myself without a job.
Through the company, I paid $7.98 every week, for $100K policy. I called to
get a quote on continuing life-insurance, they want a whopping $39.60 per
1K coverage per year. It comes out to almost $4K per year.

I thought term-insurance had dropped, after reading a recent article on
MSN.

Geez, I know I'm 5 years older, but I can't afford that coverage.

Been searching on Google, until my eyes hurt.

Maybe someone can throw a bone to an old dog, and offer up some advice for
a respectable, reasonable company?

Thanks


Al Bundy

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Mar 28, 2008, 5:01:54 PM3/28/08
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Something seems screwy here Larry. I just did a Google check assuming
40-45 non smoker and found all kinds of rates that were around $400/
year for $100k.

scrapq...@gmail.com

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Mar 28, 2008, 11:47:37 PM3/28/08
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On Mar 28, 5:01 pm, Al Bundy <MSfort...@mcpmail.com> wrote:
> I went to work for a company, and recently found myself without a job.
> > Through the company, I paid $7.98 every week, for $100K policy. I called to
> > get a quote on continuing life-insurance, they want a whopping $39.60 per
> > 1K coverage per year. It comes out to almost $4K per year.

Something seems way off here. Try calling a local "independant
agent" at one of the insurance agencies in your area and get some
quotes from them, or go look at Select Quote and figure something
yourself...
We just bought some term life insurance for my DH last year. 40 year
old non-smoker, we got a million and a half dollar, 20 year policy
(the rate won't change for 20 years) for just about $1000 per year.

Melissa

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Mar 29, 2008, 12:47:39 PM3/29/08
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"Al Bundy" <MSfo...@mcpmail.com> wrote in message
news:7393afb8-58fc-4cc9...@c65g2000hsa.googlegroups.com...

My husband got a "Select 20" from State Farm when he was 46. It's $175,000,
locked in rate of $834 per year for 20 years. They did blood work, and he's
a non-smoker.

Melissa


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