Hello - After some study, I am looking to pay $500,000 for a 20-year term coverage. Me (36/m) and my spouse (27/f beneficiary) are alone.
This all began when a buddy of mine tried to sell me an insurance policy via New York Life, which appears to have a AAA rating. However, I was not sure if I was doing myself a favor by not obtaining estimates from other firms or going through more respectable ones.
Are there any businesses that you guys either suggest avoiding or recommending?
What is the typical monthly cost to obtain the best possible health rating?
Regards
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Your main issue with term products at your age should be convertibility privileges.
The variety of products (conversion possibilities) is crucial. A reputable company would offer a comprehensive range of products for conversion, backed by strong contractual conversion guarantees.
Mutual Carriers: Mass Mutual, Penn Mutual, NYL Stock Carriers: Lincoln, John Hancock, MN Life/Securian
1 Like
Your main issue with term products at your age should be convertibility privileges.
The variety of products (conversion possibilities) is crucial. A reputable company would offer a comprehensive range of products for conversion, backed by strong contractual conversion guarantees.
Mutual Carriers: Mass Mutual, Penn Mutual, NYL Stock Carriers: Lincoln, John Hancock, MN Life/Securian