I am an Insurance agent in West St Paul,mn. I would like to discuss this subject with you. if you are in the area please email me at.

Don’t narrow your options just because of a 17% discount on your auto insurance. Consider what the open market has to offer you and see if you could save more than 17% with a better contract.

From what I know, State Farm agents are still captive, which means they cannot sell any other companies. You should try talking with a few independent insurance brokers to get different perspectives.

Get the 30 year level term policy. Get on a good budget and fully fund retirement plans (401K, IRA) Save for kids education and pay off your house by 50. When your 30 years is up you can be self insured and not need a policy.

Remember the purpose of insurance is to cover want you can’t afford to lose, or cover the needs of those left behind.

milk is milk, same with insurance.. just depends on what you want the insurance to do and what you want it for. like… term is good and cheap but benefits decrease with age and whole life is the opposite, benefits increase with age but cost more. but you can also request a loan against that money (policy) and it must be paid back. just thionk about what you want the policy for like just bury you versus pay off a house..which whole life will do ( same as mortgage insurance but usually cheaper). good luck

The only insurance that makes sense for someone in your position is term life. Insurance only makes sense for people that need either your income, or your services. (Non working spouse still takes care of home and children). Life insurance is a poor investment vehicle.

Take the difference of what you were going to spend on a whole life, or a universal life insurance policy and invest it in a decent mutual fund with a good track record. By the end of the 30 year term, you should be “self insured” in that you will have a pile of money there that will be more than what the death benefit would have been.

Make sure you check rates from at least 4 different insurers. Things are very competitive right now.