I went with term life insurance because it’s all that I could afford. Considering I had goals of paying my mortgage off early, contributing to my 401k, funding my kids 529 plans and investing in my Roth IRA and regular brokerage accounts, I just didn’t have any money left for a whole life insurance policy.… Continue reading Why I Went With Term Life Insurance
Tag: term life insurance
Increasing Insurance Coverage
I decided to bite the bullet and up my life insurance coverage amount for the family. I increased the amount by $300,000 more than my current coverage ($200,000). So now, I’m covered for $500,000 if I die. While that doesn’t sounds like a lot… in our case it is. With the Social Security death benefits, my wife… Continue reading Increasing Insurance Coverage