Life Insurance - Johnson City,TN

QUick disclaimer.... I work for State Farm. But I know what I'm talking about. If you buy it from State Farm you get 5% discount off your auto insurance. It's cheap and really straight forward. Get a "childs rider" that puts coverage on your kids too. For instance with State Farm, a 25 yr old female, nonsmoker could get 125,000 - 20 yr term for around $20 a month. Add 10,000 child term rider for $4 more a month. That covers all children, even adopted and future children for the same $4. Also, you can choose to be the "owner" of your husbands policy. Just in case. If yall ever split, you still keep control of the policy. There are return of premium plans, where you pay more for a term policy, but if you cancel it,. you get some of your premium back.

Hi H., I own an insurance agency in AZ. You need to shop around since rates for life ins vary just like they do for home/auto. The good news is you don't need to do it yourself! Find an independent agent in your area (google "life insurance agent Johnson City TN". They have contracts with many companies and can help you find the best price for the best coverage. Kudos to you at planning ahead at such a young age! Lock it in when your younger and the premium is sooo much less! I can't tell you how many 60 yo I have contacting me for a quote and then they are actually shocked at how much it is! Anyway, good luck!

I went to a financial advisor (free), and although we had life insurance, we went through them. They determined how much we actually needed. They went through our incomes, debt, what we would need if one of us passed RIGHT NOW, and put a rider on for our kids too. We upped our coverage and ended up paying about the same if you add our two together. I feel so much better knowing that we are covered and that I could take care of debts if necessary.

The best thing would be to contact several different companies and get quotes for a set amount in 10, 20, 30 year terms. The longer the time the lower the cost. Good luck and thanks for thinking about the future of your family. You may want a local agent so that if you have problems you have a face to go with the policy. Another thing is that you may want to put all of your insurance with one company and one agent and get discounts for all coverages. This does tend to save money.

The other S.

Do check in to Northwestern Mutual. You may never have heard of them, but they're one of the best rated in the industry. You'll meet with a financial planner (free) and they'll help you determine what kind of coverage you need and can afford.

Just be careful and shop wisely. If you have a financial advisor you might want to talk with him/er.

A lot of life insurance policies are a big rip off. Know before you sign up about all the fine print.

At your age if you are in good health, term is very inexpensive. Don't necessarily get the 'cheapest" company - look for one that is rated highly A or better. You can NOT be overinsured - the insurance companies won't insure you for more than you are worth. It is based on a multiple of your income - the goal of insurance is to financially replace the person who dies so that the other person doesn't have to deal with replacing the missing income at such a horrible time. Usually, it's 20x income, so if you make 50K/year, you are "worth" 1 million to "replace" financially. I hope that helps.

We have life insurance, and we get back the $ when we turn 60 something. They make their money by investing our money. Seems like a good deal, since we are not throwing your money away. This is who we use, but I would assume many insurance agents would offer this.

Felker Financial Inc
9133 31st Avenue N
Minneapolis, MN 55427-2318
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You got good advice about shopping around. I would also suggest getting Dave Ramsey's book, he does go into detail about obtaining life insurance & how much you should take out & explains the ins & outs about what to look for and what to stay away from. I used to sell insurance & when I took his class he was right on, so I would trust in taking his advice. I believe if you go on his website he has some nationwide insurance companies that he endorses as good trust worthy companies. Good luck

You might want to contact an independent life insurance agent in your area and get them to show you term life insurance polices offered by major A1 rated companies. There is some difference in the benefits offered and the way they calculate the price. Get someone who wants to help educate you about the different kinds of policies. Ask them how they are compensated on the policies. Be careful if someone wants to push whole life insurance - it is usually not the best option for people and it is not the greatest investment vehicle either.

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