Life Insurance

My husband and I 32, 30 are looking for life insurance. Can anyone tell me which company or websites that I can use to obtain information. There are so many out there ... would not know where to start. Who do you personally use? Is there a medical examination in question? What kind of premiums you pay? Is it fixed or should it go up a few years? We also live in Florida. Any help would be appreciated.

There are two types of insurance, permanent and temporary.

Polce permanently remain at the same monthly cost for the rest of your life.

Term policies remain fixed for a specified number of years. After many years, the policy terminates or may be rewritten for the same period of time, but you will now be assessed to your new era, not the age you are now.

Permanent policies are similar to buying a home. The policy builds cash value and may increase the potential of your death benefit. You can take a loan against the cash value of your own or if you cancel the policy at a later time, you get the cash value paid to you at this time.

policies are like the lease term. After the 30 fixed-term (5, 10, 20 years) each party goes. You do not have money back, but you'll pay less over the past 10 years.

If you should have a policy term of 20 years, today, 50 years your contract would end (unless you were already dead). You can then get another policy, but they'll rate as a year 50 old, not 30 years old. and each of the 20-year renewals, you must pass a medical examination again.

If you were to get permanent policy now, you will have a higher premium now, but at 50 years you will still pay the same amount you are now. At age 70 you will still pay the same amount you are now. At 90? same amount.

To find out how much you'll need the coverage, here's a handy tool: LIFE
The cards: Liabilities: Mortgage, car note, student loans, credit
I: Income replacement: 5 to 10 times your annual income (although in your case, you all have another 30-35 years in working life, you may want more)
F: Final Expenses: Typically $ 10-25 k
E: Education: your spouse, if they need to change careers to maintain their standard of living after spending and / or tuition for any Childre you can leave behind.

So with a $ 200k mortgage, car loan and $ 25K $ 15K student loan, your "L" is $ 240k.
If you make $ 50k annually, you will need $ 500K for "I."
Call "F" $ 15k
"E"? Well, 2 children at $ 20K per year for 4 years each bring $ 160K.

This means you'll need $ 915,000 of life insurance.

I have my life with State Farm. He is also giving me a discount on my auto insurance.

The truth about life is there. See for yourself: http://finance1o1.blogspot.com Flag

by far the best answer on this page ... Flag

I have been helping people with financial planning for many years now and the only type of life insurance, I sold all of them is a temporary insurance. Term insurance is the only type of life insurance that does not build economies. Base your age, I recommend term insurance 35 years.

Since term insurance does not build savings, it lets you decide where you want.