Who do you have your Life Insurance thru?

[Thomas_Thumb]

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@Anonymous wrote:

Looking to switch my Life Insurance to a different Insurance Company,  Wondering who you have yours through?  I currently have mine thru Farmers, but would like to switch.   Also I have a whole life policy right now, but pay quite a bit of money for it each month.  Considering switching to a term?  Anyone have any thoughts?

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Whole life policies are a poor investment. If you need a policy, go term - much more reasonable cost. Just make sure you are covered if your "status" changes.

My wife and I carry only  the nominal 1x salary "free" life insurance through our current employers now that our daughter is a senior in college. Years ago I had a variable appreciable life policy through Prudential - but it was part of a class action lawsuit. I collected my settlement and went strictly term - no looking back.

[Anonymous]

I have had term life insurance since I was in my 20s (50s now). It is through Allstate (who bought Lincoln Life): $500,000 coverage for < $100/month. 

You should normally need life insurance more while you`re relatively young, in theory. That is why Term is a good deal. 

[xvassagox]

My wife and I have a 30 year 300k term life insurance through AAA. I pay $53 a month and hers is $40. Our policy allows us to get back all the premiums we paid at the end of the term however. Otherwise the premiums would have been $27 and $21.

[Anonymous]

My dad has WAEPA (Worldwide Assurance for Employees of Public Agencies) from his previous employer (he is now retired).  He also has a policy from SBLI (The Savings Bank Life Insurance Company of Massachusetts).

[800ficogirl]

Usaa

[Anonymous]

One thing to consider are tax implications of employer-sponsored plans.