Thursday, December 8, 2011

Life Insurance

Just paid for our new life insurance policy.

$500,000 for me, 20 year term for $322 a year.
$250,000 for Jen, 20 year term for $122 a year.

How does that compare with your policy?  I also have some insurance though work, so Jen would get a bit more in the case of my demise.  Just checked as well it looks like death benefits are not taxed, so that is good 5 years of income should be enough, right?  I am not sure a 20 year term is right for us, but our agent really recommended it...

Supposedly we will also realize a ~2% discount on our home and auto policies.