I'm with Clarica. They have a great plan for people under the age of 40(sorry Dogo) It's a fixed rate that will not increase for 20 years. After the 20 years you won't pay any premiums if you are still alive. I pay $45 a month and the wifey pays $41 cause women are somehow considered to have fewer risks of dying. <---That makes no sense to me. How could a person(woman) bleed once a month for a week and not die
But in all seriousness take a look at it. If you need details you can PM me and I'll find my brokers number. She was good.
that's the thing... these insurance companies are brutal. You give them YOUR money every month to essentially "hold" should anything happen and when something does happen and you do it... they put up huge fights to release YOUR money. It's frikken ridiculous!
However, for your situation, I think it's a good idea. My dad had life insurance so when everything happened, things were able to get paid off. It's that piece of mind that I think everyone would like to have for their children in case anything happens.
The only thing is, because my dad passed away within 2 years of purchasing life insurance with BMO, they put up a hell of a fight. Make sure, if you do get life insurance, that they won't screw over your children in any way, shape, or form.
__________________
Proud member and supporter of Delta Gamma B i t c h - orama Copyright 2008 - All Rights Reserved
So who has life insurance? with which company? do you think its worth it? beneficial? what does it cover?
Well I was always told to get life insurance 'cause I have kids and just in case something happens to me or hubby the kids would be taken care of. We both said NAAAAH.. we're young, what could happen. But now that we've bought a house, the life insurance question rises again. We're looking into a policy that covers our lives but also the mortgage so if something happens to either one of us, the policy would pay off the mortgage and whatever we've paid into the insurance would go to our kids.
I guess I'm just looking to see if anyone one else is doing it and what type of insurances you have.
)
But now that we've bought a house, the life insurance question rises again. We're looking into a policy that covers our lives but also the mortgage so if something happens to either one of us, the policy would pay off the mortgage and whatever we've paid into the insurance would go to our kids.
