It's been ten years since I first purchased life insurance and it is now time to increase my premium. I have a $250,000 policy. I've been paying $295 per year. It has increased to $675! Yikes. I know I'm older now and much more likely to die (I'm only 38).
Honestly, I probably need more insurance. I probably need to shop around, too. Today, I'm not in the mood. And do you know that I should probably lose 30 plus pounds to even get a better rate? And...I really hate having my blood drawn. I realize not good reasons to avoid the life insurance shopping.
The rate is probably fair. I will renew and pay the new premium when it comes due. I will shop around sometime this year for a new rate. Really.
My Life Insurance Premium Rising
January 7th, 2011 at 09:13 pm
January 7th, 2011 at 09:59 pm 1294437599
January 7th, 2011 at 10:27 pm 1294439260
To my readers: Please note that insurance agents make more money on whole life insurance policies than term policies, therefore they push them much more frequently. I would never take financial advice from an insurance agent alone. Look at all the options and ask lots of questions to understand what you are buying.
January 7th, 2011 at 11:59 pm 1294444788
January 8th, 2011 at 02:05 am 1294452306
January 8th, 2011 at 02:10 am 1294452636
January 9th, 2011 at 05:07 pm 1294592859