I’ve been researching and want to get a 20-year term policy for $500,000. It’s for me (36/m) with my wife (27/f) as the beneficiary.
A friend from New York Life, which has a AAA rating, wants to sell me this policy. But I’m wondering if I should get more quotes or consider other companies.
Do you have any companies you recommend or suggest avoiding?
What is a normal monthly price for someone with the highest health rating?
NYL is one of the most reputable companies out there. It doesn’t mean the agent is, but the company as a whole is great.
You still shop around.
Consider 25 or 30 year term based on your age (the goal is to be retired when your term runs out). For best classes for a 36yo male, 500k of 20 year term, there are about 30 carriers in the 20-25/mo range (including Guardian and MassMutal who have the same ratings as NYL)