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Would also like to know some good insurance options
I took out a term life insurance, non refundable. 30 years (I was 34 at the time). Payout is $2M. $110/ mo. This is on top of the firm policy (another $2M). I have my personal policy with Lincoln financial
I have this same coverage...I got it through healthIQ
Don't have any resources for you but definitely go term life. Most everything else is more a high priced investment product than insurance. It is usually my test of agents. If I ask for term life and they try to sell me something else, I am out of there.
Term life is pretty easy to price online, lots of comparison sites.
My two cents:
- don’t overthink
- take 30 mins to shop term life insurance policies
- sign up ASAP; like 10 years ago
I used policygenius to do all the research for me and I saved a lot of money by switching my policy from State Farm to Pac Life
To answer your other questions, I have $2M, 30 year term and I pay $115 a month. My wife’s policy is $1M and it costs $45 a month. We both qualified for the healthiest category
Idk about Deloitte but EY has group life that you can buy into. Might be worth checking what Deloitte offers as some policies will come with you if you leave the firm. Might be a way to avoid physicals/health questions? I am also diabetic (type 1) but luckily my parents got me a small policy when I was a child undiagnosed.
I don’t want to be a downer but the group life amounts offered generally are not enough if you have kids
There’s no real right number, it just depends on what you want to provide for you family if you unexpectedly passed.
I have $4M total term life coverage. I’m 34 with 3 kids and we are a single income family. This amount would pay off our current home, and then be income replacement while the kids are school aged.
So I would start with answering what you want that money to do, and then go from there.