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Forum
-> Household Management
-> Finances
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amother
OP
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 Wed, Nov 20 2024, 2:44 am
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And how old are you or your husband and how long is your life insurance term?
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amother
Chocolate
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Wed, Nov 20 2024, 8:58 am
5.5k for dh. He made it when he was 22. It's a 10 year pay whole life policy. The death benefit is 250k.
I have a 20 year term policy for 1 million. It costs around 500 a year.
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amother
Copper
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Wed, Nov 20 2024, 9:04 am
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Dh is $950/year, ten year 1.25 million. Mine is less maybe $600 for the same benefit.
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amother
Starflower
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Wed, Nov 20 2024, 9:14 am
Purchased a year and a half ago 20 Year policy $3mm benefit
Me purchased at 29yo $1,320/year
DH purchased at 34yo $2,402.40/year (he's a bit overweight and had slightly elevated cholesterol)
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amother
Nutmeg
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Wed, Nov 20 2024, 9:48 am
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We pay 126.20 per month for life insurance for me and dh. I don't know the split since we purchased about 13 years ago when we were in our mid 20s. DH is 750k and mine is 500k (definitely not enough) both 30 year term with return on premium. We really need to buy another 30 year term but dh needs to lose some weight so we are pushing it off.
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amother
Amber
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Wed, Nov 20 2024, 9:52 am
I pay $276 a year for 20 year 1 million dollar coverage. Signed up at age 22. It’s non convertible which made it cheaper.
I don’t remember how much my husband’s plan is.
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amother
Geranium
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Wed, Nov 20 2024, 10:00 am
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About 24k a year. We have a mix of term and whole life policies with 3mil on both my husband and myself. Should we never need it.
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amother
Peony
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Wed, Nov 20 2024, 10:08 am
5.5 mill for dh, 30 year, started at 35. Pay 1100 quarterly. Total 4400 per year.
My policy is 1 mil also started at 35. Pay about 500 annually.
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amother
Natural
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Wed, Nov 20 2024, 10:11 am
$165 per month for dh and $80 per month for me. We both have policies for $750, got them in our 20's about 20 years ago. Now it doesn't seem like enough but at the time it seemed like a vast amount of money.
We also added some supplemental life insurance through dh's work, 2x his annual salary with payments deducted from each paycheck. But that's on an annual basis.
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