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SVTPerformance's Chain of Restaurants
Road Side Pub
Life insurance with no family
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<blockquote data-quote="ON D BIT" data-source="post: 16360208" data-attributes="member: 10422"><p>OP, do you know the goal for life insurance? It’s to protect your dependents, those that depend on your income. It is not meant as a gift to family/friends. </p><p></p><p>if you die your dependent/s can put the money left into an investment that would replace your current income. If you make $40k a year, $400k term insurance policy is recommended. </p><p></p><p>If you die how does your sister live? Her work? Your parents if under 18?</p><p>The only reason to buy insurance if she’s under 18 and your parents can’t/don’t help her. If that’s the case a 10 yr term of $100k for under $50 a year would be fine. If she’s real young then you can get more but definitely $500k or less.</p></blockquote><p></p>
[QUOTE="ON D BIT, post: 16360208, member: 10422"] OP, do you know the goal for life insurance? It’s to protect your dependents, those that depend on your income. It is not meant as a gift to family/friends. if you die your dependent/s can put the money left into an investment that would replace your current income. If you make $40k a year, $400k term insurance policy is recommended. If you die how does your sister live? Her work? Your parents if under 18? The only reason to buy insurance if she’s under 18 and your parents can’t/don’t help her. If that’s the case a 10 yr term of $100k for under $50 a year would be fine. If she’s real young then you can get more but definitely $500k or less. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Life insurance with no family
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