Life Insurance - Tampa, FL

Hi, I called select quote, the hooked me up with prudental. at 30yrs old I got a twenty year policy at $250 for year $400,000, pay out. good luck

This is what I know about life insurance: there is 1)life or 2)term life insurance. 1)life insurance is the basic and cheapest form of protection. the insurance cost is based on your age, health and length of term you want to buy the insurance (10, 20, 30, etc years). 2) Term is the same thing but it is more expensive because the policy gains interest over time like a savings account. There are benefits to both but it is best to ask an insurance agent.

you need to determine the amount to insure for based on your lifestyle and bills to cover after your death. For example, if you are a one income family and the earner dies, your insured amount for the earner should cover the cost of burial + any outstanding debts (mortgage, cars, bills, etc.) at a minimum. If the non earner is not able to work after the death then more insurance must be purchased to cover monthly bills after the major bills are paid.

The insurered amount for the non earner in the family may be less because they are not responsible for the income of the family. For example, my husband carries a large policy because he is the "bread winner". If he dies, I would have to use the insurance policy to pay off all the bills and live on after his death. I carry a small policy even though I dont make any money for the family. However, my insurance money would go to pay for burial and help with daycare costs after my death so that my husband could contiue to work and earn money.

Hope that helps. Shop around a get the best coverage for your needs and the most coverage you can afford. It might be cheaper to get the policies from different companies too. My policy is with Graddy Insurance Group, independant agent. So he can quote lots of differenct policy types and companies. He is in Clearwater but he quotes anywhere. HIs number is ###-###-####.

Hi My name is K. Mahlios I own Allpro Insurance Agency. I lost a daughter in auto accident and took custody of her 2 year old daughter. My son and I opened an Insurance Agency in Bradenton to help educate people about this very important issue. We would love to assist you www.allproagencies.com ###-###-#### is my cell I look forward to hearing from you to create a plan that would work for your family needs.

According to Suze Ormon, you should have 6 months of paychecks in savings before worrying about life insurance. A will stating who your kids go to are also important. Read her informative articles at www.suzeormon.com

Sarah,
I don't know too much about it either but I will share with you what we have. My husband has the better life insurance seeing as he is the bread winner. His dad is a knight in the Knights of Columbus and they have a great package. His dad had started a plan when my husband was younger and now we just continued it. So that's an option if you are involved in the Knight of Columbus. I on the other hand have a plan with Globe Life. It's not very much but you can choose the amount you want. The amount you get when, God forbide you pass, will depend on how much your monthly payments are. I also think you have to have a physical with most life insurance plans as well. So that's all I know hope it was somewhat helpful. Good luck!
J. B

My husband is a broker and sells all top rated companies. He does the shopping for you once you tell him what you are looking for. Give him a call anytime. I hope this helps!

Dominic Monfred
###-###-####
people2peopleinsurance.com

The cheapest insurance will be term.... if you buy a 20 yr term policy for each of you, you will be secure for the next 20 yrs and it won't cost you an arm and a leg- if you are in good health. I purchased a policy for 1 million dollars for under $45 a month...you may feel like you don't need that much insurance, so it will be less as you go down in value. Men cost more, so get what you can comfortably afford. Remember that the kids will get SS survivors benefits as well, so you can factor in that income if there were ever a loss of a parent.

We also just did a will because we wanted to make sure everything was handled with the designation of the money to the people that would be taking our kids if something tragic ever happened to both of us. I am glad that is all done and behind us.

Suzie Ormon does have GREAT advice and info kits, ones that even include forms and documents to complete and save just in case. You can buy the kids cheap on ebay.

You are totally right to think about this stuff now and get things in order.... tragedies are never planned, but you can plan for things to be taken care of should it happen to you/your family. I can't tell you how much better my husband and I felt the day we had finalized the will and estate planning documents as well as all of the insurance. HUGE weight off....

You need term life insurance. It is not very expensive. I got $300,000 for $151 per year on myself. Good luck.

Call: ###-###-#### Phil Thompson. He's with Allstate Insurance & they have life polices. Tell him D. Referred you. He'll answer all your questions & steer in you the right direction.

The most important thing you need is a Financially Sound insurance company! The second thing you need is an agent! I have been in the industry for 10 years doing competitive intelligence, so I know and understand insurance very well. I also know that there are many companies out there that offer "cheap" products that truly are worthless, but that isn't apparent to the consumer.

I currently work for New York Life, so I am biased in saying that they are the best. However, it really wouldn't be a lie - I am just fortunate to be here really! They are a mutual company, which means they don't trade stock - the company is owned and financed by its policy holders. This allows us to not feel the pressures of the economic conditions as so many publicly traded insurance companies have (i.e., AIG, Hartford, etc.). So, which ever company you go with you need to know if they are financially sound - what are their financial ratings for AM Best, S&P, Fitch, & Moody's. You also need to know if they have accepted or their parent company has accepted "bail-out money" from the Government.

I say you need an agent because you said you didn't know much about life insurance. You need someone that will explain it to you and show you the differences between products and help you decide what is best for your financial situation. You say you need inexpensive - well to me, that says you need a term insurance policy. One that will last for 5, 10, 15, etc. years. However, there is more to it than that. If you had an agent, they could explain in detail what fits your needs.

New York Life would be at least a GREAT place to start. There is an agent that comes into my office at the beginning of every year and does all of our product training - so that we know what products fit our needs. Her name is Crista Jerome and her office number is ###-###-#### x5534.

If an agent isn't the way you want to go (and I can understand that decision) I would look into term life products. They also have Return of Premium Term products that are a little more expensive than regular term, but still less than whole life, that will actually give you back all of your premiums at the end of the time period chosen. Kind of like a savings account. These are great for Kids and helping to pay for college expenses.

Good luck and let me know if I can be of any further assistance. This is a tough subject to learn about and it is EXTREMELY important you know as much as you can!!!

Sam

I would look into a return of premium policy. My husband got a policy once I got pregnant with our second child (one more than what they offer through his employer)and he got a 30 year policy. At the end of the 30 years, if you have not had to use the policy, they return the premiums that you paid to them. Sometimes it can be a little more $$, but, you are going to get it back in the end!

I would get a 20 year term policy for 10x's your yearly salery as a starting point. Increase the amount if you have alot of debt (including mortgage) and if you will need 24 hr care for children/parents should you or your spouse need to work fulltime with nanny/nursing care. I unfortunately lost my husband when our son was 7 weeks old. Although we were "prepared" with life insurance, it wasn't enough for the lifestyle change and the need to pay for EVERYTHING that I used to do myself. I highly recommend Dave Ramsey for financial planning, including all types of insurance. You can go to daveramsey.com to learn more (he works with Zander for life insurance plans). His principles teach to NEVER get a whole life policy. A 20 year term is all that is necessary usually, at least until your kids are grown and your debts/savings are paid for! Kuddos to you for being responsible and "prepared"! Chances are you will never need to use it, but it's a great peace of mind to have in place!

Hi

My husband is a certified financial planner who deals with life insurance, he could be helpful in obtaining any information you might need. Let me know if you would like his work contact information.

~Cathy :)

(First grade teacher and mom of four (7,6,3, and 7 months)

This is a HUGE issue so difficult to sum up in a brief email on this site. Here are the easiest things bec no one can answer your needs except you. Visit local library/bookstore for books on family financial planning or just financial planning. Life insur falls in this category because you have an "estate" as a family has financial obligations and liabilities. Thus you need enough insurance to cover all. You can have one big policy or a few smaller. Also check with EACH of your employers insurance offerings and coverage (esp if UNIONized). Evaluate health risks to each family member. Personally, indiv policies for you and your husband, optional for kids, mom should have her own already or will pay a fortune just DO NOT LET HERS LAPSE or will be canceled and difficult to acquire due to aging health. Create a will outlining ALL policies available and beneficiaries. Educate yourself first. This is not a fun topic and is time consuming. ALso you want one policy that PAYS CASH with NO WAIT Period. Others tend to pay out 'monthly'. Hope this helps.

Hi Sarah,

Try calling aflic, your mom maybe quilfy for AARP insurance thru many company that are members of AARP that would offer her insurance also.

Good Luck to you and your family.

M. Lindo

Hi Sarah,
I carry ins from Primerica Insurance. I used to work with this company in orlando they are all over though. They do an entire financial analysis. Term life ins is part of what they offer. I can't say they will be the most inexpensive but it's a start. They can help you in more areas than just insurance as well if you would like. My rep is in orlando###-###-####. I highly reccommed ONLY Term insurance don't be talked in to Whole life your loved one's wont get what you paid for!

My husband and I just purchased life insurance. We shopped around and even had my aunt (who is our insurance agent) run quotes. We ended up finding the best prices online at www.insure.com. You will not get a ton of phone calls, just one. However, you will get a lot of quotes. You will want to make sure the insurance company is highly rated and not in danger of going bankrupt. The company we went with is TransAmerica. If you are able to pay your premium in a lump sum (yearly) you can receive a premium discount. Hope this helps.

Hi Sarah,

I found that Dave Ramsey has great advice about many things, including life insurance. Here is the link to his site that discusses the truth about life insurance. He also recommends a company whom I bought life insurance thorugh and I think we got a great deal

http://www.daveramsey.com/the_truth_about/life_insurance_...

Good luck!
K.

Sorry no one answered you before. You just have to shop around to see what meets your needs. There are many different choices out there. If you like, you can respond and I'll give you my agent's information. You need someone to explain to you the difference between term and whole life policies, although if your biggest concern is cost, a term policy is reasonably priced.

I read Suzie Orman's book about life insurance. I can't remember the name but it was a book on all kinds of finance topics, including life insurance. I ended up getting a 30 yr term policy for myself and my husband. Be careful since everyone sells life insurance and the commission is high on it. Don't fall for full life policy which is expensive.

Honestly the best live insurance is to eat right, not smoke, or drink. Put the money in the bank that you would be paying for life insurance. We had a lot deaths in the family this past year and everyone of them had life insurance. All of the familys got cheated out of part or all of it of it. Read the fine print. There is no good life insurance. We have some through where my husband works because he insists. If it were up to me the money would be going in the bank for retirement. My Dad paid for life insurance for 50 years and when he turned 70 State Farm told him they would no longer carry him on the life insurance. Fifty years of money wasted. My Mother in Law passed away four years ago. She left $56,000 to my husband. He ended up getting $1200.00 of it. Yes, life insurance is supposed to be a good thing, but these companies can't be trusted and other family members can't be trusted. They can screw you out of it if they know what they are doing. So now you have my thoughts on the matter.
Good Luck in finding an honest company.