Term Life Insurance Quote?
Hi,
I am paying .21/month for a ROP (Return on Premium) term life insurance policy of 0K for 30 years with State Farm. So at the end of my 30 years, I will be getting back ,995.60 (.21 x 360).
Do you think this is a good quote for the term and price?
But I would still have to pay 25% tax rate which comes out to ,000 which is still greater than ,000.
Because I was thinking of investing the difference in Mutual Funds. I’m already maxing out my Roth IRA.
October 29th, 2009 at 3:29 PM
Try this site
http://linsurance.notlong.com
here you can get quotes from different companies so you can compare them.
October 29th, 2009 at 3:29 PM
I think ROP term is generally a ripoff.
You could probably pay about half that, buy straight term, invest the difference, and at the end of your 30 years, you’ll have over $60,000 in the bank.
Do the math. The only people out ahead, with rop term, are the agent (bigger commission), and the insurance company.
October 29th, 2009 at 3:29 PM
Ouch man…you can get way better quote then that.. stumbled upon website that gave me free quote try it out
http://accurate-life-quote.com/
October 29th, 2009 at 3:29 PM
You can easily check life insurance quotes in internet, for example here - lifeinsurance.awardspace.info
October 29th, 2009 at 3:29 PM
HI!
That all depends on the folowing:
* age
*smoker or not
* male or female
*any health issues
I can offer you a comparison on line with this info
Alan S
independent agent