What kind of life insurance do we need? and what is a good company to buy from?
asked:
My husband and I are 28 years old, have three children and plan to have one more child in the near future. We live in Virginia (DC area). His annual earnings are about $70k; I also work part time earning annually about $35k. We currently have life insurance through our employers, but we want to get policies on our own. Can anyone recommend a good company to go with and a type of policy that we should get?
My husband and I are 28 years old, have three children and plan to have one more child in the near future. We live in Virginia (DC area). His annual earnings are about $70k; I also work part time earning annually about $35k. We currently have life insurance through our employers, but we want to get policies on our own. Can anyone recommend a good company to go with and a type of policy that we should get?
Posted in Life Insurance FAQ
You need term life insurance. Forget the policies that include a savings or payback of premiums.
I recommend that you see a financial advisor because while a good term policy is “critical” right now to protect the income stream, you must also provide for a couple of important financial stability factors. I’m talking about an emergency fund, a retirement fund, and even a “fun fund” to allow your family to de-stress occasionally.
There are many reputable companies in your area. One I am very familiar with is “Primerica Financial Services”.
Good thinking. You will sleep better when you get this on track!
Try this site where you can compare quotes from different companies in your area
Hope this help,